Davao Economic Forum
I post the following information here because it is such a relief to see constructive ideas coming out attached to the incoming Duterte Administration. There has been too much posturing and emotionalism, too many wild and irresponsible statements . . . from a lot of people. The PH ought not do a National Trump, I think, knee-jerk and irresponsible, but ought to focus on getting important things done.
When people do this kind of thoughtful work, I feel included again, rather than cast aside in favor of words and initiatives (killing) that are way too foreign for me.
Facebook posting courtesy of Guillermo Prat
Hundreds of big businessmen are expected to attend the economic forum called for by President-elect Rodrigo Duterte which would start on Monday, June 20, here in Davao City.
Dubbed as “Sulong: Hakbang Tungo sa Kaunlaran”, the consultation workshop with the business community on promoting inclusive growth aims to generate recommendations from the business community for the incoming Duterte administration regarding its proposed 10-Point Socioeconomic Agenda namely:
1. Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade policies.
2. Institute progressive tax reform and more effective tax collection, indexing taxes to inflation. A tax reform package will be submitted to Congress by September 2016.
3. Increase competitiveness and the ease of doing business. This effort will draw upon successful models used to attract business to local cities (e.g., Davao), and pursue the relaxation of the Constitutional restrictions on foreign ownership, except as regards land ownership, in order to attract foreign direct investment.
4. Accelerate annual infrastructure spending to account for 5% of GDP, with Public-Private Partnerships playing a key role.
5. Promote rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism.
6. Ensure security of land tenure to encourage investments, and address bottlenecks in land management and titling agencies.
7. Invest in human capital development, including health and education systems, and match skills and training to meet the demand of businesses and the private sector.
8. Promote science, technology, and the creative arts to enhance innovation and creative capacity towards self-sustaining, inclusive development.
9. Improve social protection programs, including the government’s Conditional Cash Transfer program, to protect the poor against instability and economic shocks.
10. Strengthen implementation of the Responsible Parenthood and Reproductive Health Law to enable especially poor couples to make informed choices on financial and family planning.
The 2-day economic forum is in strategic partnership with the Philippine Chamber of Commerce and Industry as well as the Mindanao Business Council.
Duterte is expected to attend the event and give his response on the business community’s recommendations on Tuesday.
Among the tycoons seen boarding a plane for Davao was Lance Gokongwei of Cebu Pacific who surprisingly boarded a Philippine Air Lines economy flight Sunday.