The British Chamber of Commerce of the Philippines (BCCP) urged the government to immediately pass the proposed Public Services Act (PSA), Foreign Investment Act and the Retail Trade Liberalization Act to attract more foreign direct investments (FDIs). "We appreciate they've been marked as urgent, and we hope to see the passage of those in 2021, and as early as possible. The National Economic and Development Authority (NEDA) earlier called for the passage of the said bills. "To maximize the benefits from the enactment of Create, we urge Congress to urgently pass the amendments to the Public Service Act, the Foreign Investment Act, and the Retail Trade Liberalization Act this year. These bills will complement Create by easing restrictions on foreign investments," said NEDA Secretary Karl Chua.

Source: Manila Times July 07, 2021 17:15 UTC