AEC Feed

The Philippine Chamber of Commerce and Industry has listed some of the jaw dropping hindrances to businesses and economic growth that it wants the country’s next president to address.

In the field of power generation, 106 permits and licences are required before an investor can put up a power plant in the Philippines. In natural gas projects, 1,100 permits are required before an investor can undertake exploration activities.

These are just some of the jaw dropping hindrances to businesses and economic growth the Philippine Chamber of Commerce and Industry (PCCI) wants the next President to address.

PCCI has over 20,000 registered members nationwide, making it the largest umbrella organisation headcount-wise for the business sector in the country. 

But the group representing companies from the small and medium-sized enterprise category is often overshadowed and beaten to the draw by its more popular big business counterpart, the Makati Business Club, especially when it comes to advocating national issues that affect the economy.

Not this time around, though.

This year, PCCI – under the leadership of its current president George Barcelon – has jumped the gun in an effort to make sure the Philippine economy runs like a well-oiled machine over the next six years. To do this, the business group has prepared a business and economic roadmap that it will present to the country’s next president, the identity of which will be decided in tomorrow’s elections. – Philippine Daily Inquirer

 

INDONESIA EYES 20M TOURISTS 

The Tourism Ministry is set to introduce a digital platform to boost Indonesia’s tourism and achieve the goal of 20 million foreign tourists visiting the archipelago annually by 2019. The ministry will launch Travel X-Change Indonesia (TXI) on August 17, coinciding with the country’s 71st anniversary.

“I will prove that the use of digital technology is going to take Indonesian tourism to a new level,” Tourism Minister Arief Yahya said. Arief was in Sydney to study Australia’s digital marketplace platform, TXA, an inclusive booking platform that helps market tourism-related business through an online platform. –The Jakarta Post