
Business groups welcome Marcos SONA energy reforms and digital push, but flag need for regulatory certainty and competitiveness strategies.
Business groups in the Philippines are rallying behind the policy directions President Ferdinand Marcos Jr. outlined in Monday's State of the Nation Address. The American Chamber of Commerce of the Philippines, the European Chamber of Commerce of the Philippines (ECCP), and the Philippine Chamber of Commerce and Industry (PCCI) issued statements of support focused on energy reform, anti-corruption efforts, and economic modernization.
Changes to the Electric Power Industry Reform Act, nuclear energy adoption, and the Sariling Kuryente Act for renewables drew particular praise. The chambers also backed the National Single Window System, the eGov platform, and digitalization of government and healthcare services. On the workforce side, they called upskilling, reskilling, and digital literacy essential for global competitiveness.
Marcos received commendation for addressing infrastructure, governance, and accountability. The PCCI highlighted the administration's stance on public spending transparency, corruption oversight, and disaster response. The chamber also noted the president could have laid out more concrete strategies to keep the Philippines competitive with its ASEAN neighbors.
Both the PCCI and the ECCP pointed to regulatory certainty and reduced administrative friction as keys to turning promises into actual investment. Consistent implementation and ease of doing business would be critical, they said.
On the electric vehicle front, Edmund Araga, president of the Asian Federation of Electric Vehicle Associations, said Marcos's goal of having EVs make up half of the country's road fleet by 2040 requires full implementation of the Electric Vehicle Industry Development Act and the Comprehensive Roadmap for the Electric Vehicle Industry.
Chamber of Automotive Manufacturers of the Philippines Inc. President Jose Maria Atienza urged the government to extend tariff elimination on hybrids, plug-in hybrids, and battery electric vehicles beyond 2028. "This, together with programs like the EVIS (Electric Vehicle Incentive Strategy), which promotes local production of electrified vehicles, will help the country achieve [its] 50 percent EV target by 2040," Atienza said.
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