Philippines business groups forge PPP ties with New Zealand

President Ferdinand"Bongbong" Marcos Jr. welcomes New Zealand Prime Minister Christopher Luxon during the arrival honors ceremony at Malacañang on Thursday.MANILA, Philippines — The country’s business leaders explored new opportunities to boost economic cooperation with New Zealand, following the recent visit of Prime Minister Christopher Luxon to the Philippines.

The business session provided a vital platform for Filipino and New Zealand businesses to develop partnerships, particularly in sectors like dairy, meat, wood and technology, the PSAC said. The administration has implemented various measures to enhance the country’s business climate such as the Green Lanes for strategic investments and tax law reforms, which promote business expansion and transparency.

From 2018 to 2022, approved investments from New Zealand amounted to $3.49 million in key sectors such as manufacturing, administrative and support services activities, wholesale and retail trade and repair of motor vehicles and motorcycles. To improve internet connectivity, PSAC urged Marcos to mandate Department of Information and Communications Technology -accredited tower companies for last-mile telco infrastructure, boosting tower-sharing and fiber builds to enhance network efficiency and allocating P608 billion annually for DICT to facilitate internet access for 125,000 public facilities.

Senator Francis Tolentino called for peace in the word war between the Marcoses and Dutertes, saying the country stands to...

Source: News Formal (newsformal.com)

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