Statement ATTY. MIGUEL B. VARELA Chairman Philippine ... - cacci

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to develop short term plans to solve immediate problems, there is anequally important and urgent need to build long-term plans.We need to create realizable, long-term plans to ensure oursustainability and survival. During calamities, electricity-intensivebusinesses need generators in case of brownouts. In days ofeconomic slumps where retrenchment is a necessity, one employeemay be required to perform the work of five people.Faced with uncertainties, several businesses have to shape up andattain unparalleled efficiency to keep them above water. Manycompanies had to deal with the increased cost of doing businessbrought by uncertainties and calamities. Some had to lay-off workers,cut down on expenses, and tighten their belts to weather the storm.Government and business have to deal with finding more reliablesources of energy, unstable exchange rates, worker attitudes andchanging consumer lifestyles.In PCCI, we hold an annual event called the <strong>Philippine</strong> BusinessConference where representatives from both business andgovernment exchange views on the economy and formulateeconomic policy recommendations. Among the outputs of the 32 ndPBC held last October were various resolutions gathered fromconsultations with members of PCCI and other businessorganizations, from the Area Business Conferences, and the NationalCompetitiveness Summit, where PCCI outlined recommendations for4
government to help solve specific problems faced by differentimportant sectors in the country.We narrowed down these resolutions to key areas, which we believeare vital in making the <strong>Philippine</strong>s an important investment hub and acompetitive player in the global arena. They include Agriculture,Taxation, Energy, Education, Infrastructure, SME Development,Tourism, Transportation, Customs and Governance, and InternationalNegotiations.In the area of Energy for instance, we highlighted the need for thenational government to provide the enabling environment to makeenergy costs more competitive, the reason for which is we havelearned key lessons from our uncertain past on having to face a 20-hour per day blackouts.Truly, businesses need to focus on their strengths in order to survive.A stable business environment can be realized if we are able tofurther develop key sunrise industries to provide jobs, fuel the growthof SMEs and help government in strengthening overall economicperformance.While the emergence of a global marketplace is welcome to thosewith international operations, yet this phenomenon also poses aserious challenge. Market standards which are also global havebeen rising. Buyers anywhere want value for their money. They gofor quality and price. Competition is the name of the game. The5
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Statement ATTY. MIGUEL B. VARELA Chairman Philippine ... - cacci

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