The Joint Foreign Chambers of Commerce (JFC) asked Congress to fast-track the enactment of several high-impact economic measures before the 19th Congress adjourns, citing their potential to boost investment inflows and expand job creation in the Philippines.
“As the 19th Congress nears its end, the JFC is hopeful that these three major reform bills will be enacted without delay,” the group said.
In letters sent Sunday to House and Senate leaders, the JFC commended lawmakers for advancing several reform bills long endorsed by the business community.
The group expressed optimism that with bicameral approval already secured for key measures, final enactment could be achieved in the remaining weeks of session.
Among the priority bills highlighted by the JFC are the Konektadong Pinoy Act, which modernizes the legal framework for data transmission to ensure affordable and reliable internet for all Filipinos; the Enhanced Fiscal Regime for Large-Scale Metallic Mining Act, which introduces a streamlined and investor-friendly tax regime for critical minerals; and amendments to the Investor’s Lease Act, aimed at improving predictability in land leases to attract more foreign capital.
“We see their passage as key to unlock new economic opportunities and strengthen the Philippines’ overall competitiveness in the ASEAN region,” the JFC said.
The JFC, along with major Philippine business organizations, regularly submits a comprehensive reform agenda to Congress for consideration.
The group said its updated policy recommendations for the 20th Congress would be finalized and released ahead of the President’s State of the Nation Address (SONA) in July 2025.
