President Ferdinand Marcos Jr. will discuss with business leaders today (Thursday) his administration’s plans to sustain economic growth amid elevated inflation and consecutive increases in prices of oil and petroleum products. READ:
President Ferdinand Marcos Jr. will discuss with business leaders today his administration’s plans to sustain economic growth amid elevated inflation and consecutive increases in prices of oil and petroleum products.
The country’s largest business group, the PCCI, called on the government to achieve food security by amending the Agrarian Reform Law to increase land retention limit from five to 24 hectares, implement a debt condonation program for unpaid amortizations of agrarian reform beneficiaries, and convert Certificates of Land Ownership Award into fee simple titles.
The groups also called for deeper cooperation with neighboring states, expanded participation in regional and multilateral defense agreements, and the acceleration of the Armed Forces of the Philippines’ modernization program. On power, the group sought the acceleration of the integration of the Luzon, Visayas, and Mindanao grids to enable the free flow of electricity nationwide and for the Department of Energy to amend the Implementing Rules and Regulations of the Renewable Energy Act to allow 100 percent m foreign investment in solar and wind projects.
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