Volume XXXIX, No. 189 Monday, June 3,2019 Pl0.

fit;

?s stlaramtse
s0silEftti$
fi*kmilff
prodded his
Rodrigo "Rody' Dutertets
to guarantee the coun-

"We. the incomins
members of the 181fi
Congr€€s, a.re faced with
the important task of
pursuing vital economic
legislation needed to sus-
taio higher producti\rity
growth. Global industri"al
giants see a great poten-
tial in us. but we iust
bave to work hard to ;ain
their trust and confi-
dence," said Romualdez,
shortly after arriviDg
home after joiniog Pres-
ident Dutert€ on his of-
frcial visit to Japan.
"The President has
issued the marchins or-
ders, and we neea to
followif we all want to
become a prosperoua
midalle-class countrv free
from poverty bv 2040.
The way I see it, we need
to focus more otr institu-
tioaalizing reforms that
will encourage the inIlux
of more investments, the
creation of more jobs,
improvement in human
capital investDent. and
the buildins of better
inft a-structu;." R.mual-
dez, orre of tie frontrun-
consider as an urgent Romualdez admitted
task the_approval of iD- that approving all of ttre
portant legislative Dea- PresideDt's p-riority eco-
su..es that s€€k to reform Domic measirres iir just
the countr/s relatively tbree years oay be a-tall
rcstrictive a[d less corD- oriler for the 18u Con-
il
investors, total
eigE rnveslDrs,
elgE eX- 'lokyo
ex- how the team- Nlkkei
Tokvo bow Nikkei (-lonlereDce on rnenllDg
Conference On menting fules
rules and
and regu-
peDditure on research work amons Filioino sov- the Fuiure of Asia in latione have tet to be
and developmeot, easing eroDeDt ;fficlits ind Tokyo last Wednesdav, issued one year after its
of start-up pfocedures, business leaders made it = The total estiEafed passage.
implementation of public possible for President investment value is $5.5 This law, which in-
sector contracts, knos,l- Duterte to lure Jaoanese billion or P288.804 billion. cludes tie ormnization of
edge transfer, total pub- businessmen to iniest in It is exDected td gener- the Anti-Rea Tape Au-
Iic expenditure on idu- the Pbjliooines. - at€ 82.?37 iobs. - thoriw, is seetr to-simDli-
catioD and development {he iipane$ inve*s-' The deali cover iflba- fy procedures and es6b-
a-o_il ap-plicatioD of tech- tors were iipressed with structure, manufactur- lish tjmelines in securing
nology,' Romualdez, the Team Philipriines, led bv ing, electroaics, medical permil,s and other trans:
f-ormer- House Indepen- President Dirterte. fhei, devices, business procese actions with govemment.
dent. Bloc f€ader oa the see that we all y;q* as i putsourcing, powei, elec- Republic -Act 11032,
previous 16th Congress, team and thev see that tricity, trairdport. auto- also known as the EODB
pointed out. as good for buiiness," thd motiG, food dramifactur- Law, was signed by Pres-
'At tbe same time, we Le!'l,e congr.essman ex- ing and rrlarine manDow- ident Rodrigo Duterte
also have l.o address the plained. - eiindustries. last year. It-aims to re-
urgetrt concems of cotr- According to Trade Aside from eDacting duce processing time of
trolling iDflation, impmv- Secretarv Rfuon Looez- economic measures^ Ro: transactions. -simDlifv
ing the pay of worhers, a l,otal -of 26 busiriesj mualdez said the'18rh steps for securing docu-
creatiDg more jobs. fight- deals were signed be- Congress also need to mentatiou requir6ments,
rng
ilez added.
?o9e tz'