Metro Manila (CNN Philippines, October 28) â Despite the impact of the COVID-19 pandemic, the British Chamber of Commerce of the Philippines (BCCP) said companies from the United Kingdom remain confident about doing business in the Philippines.
“The interest in the Philippines remains high, we’ve kept it going,” BCCP executive director Chris Nelson told CNN Philippines. “Overall, it’s been challenging, but pleased to say our members have stayed.”
With COVID-19 cases in the Philippines going down, restrictions easing up, and vaccination rates rising, Nelson said the Philippine government can further boost this confidence by passing key economic legislation.
“Economic measures which are currently being debated, particularly the Retail Trade (Liberalization) Act, Foreign Investments Act, Public Service Act, are very important,” he said. “If we can get those measures passed, I would see more (investors) coming.”
Nelson said the chamber hopes these measures would be passed during the Duterte administration.
The BCCP is also hoping that the next leadership would continue to focus on such measures that would further liberalize the Philippine economy, and promote data transparency and ease of doing business, Nelson added.