ASEAN KEY DESTINATIONS
Foreign chambers offer Philippines road map
In a statement, the Joint Foreign Chambers of the Philippines said it has come up with an advocacy paper titled "Arangkada Philippines 2010: A Business Perspective," which details 471 recommendations from both local and foreign businessmen.
The paper aims to help the government "[build] a more competitive economy, driven by ethical and sustainable practices, reform-by-reform, leading to high growth and millions of new jobs."
The business group is seeking an appointment with Malaca?ang to brief the President on "Arangkada Philippines 2010."
The paper is pushing for the development of the so-called "Seven Big Winners"-sectors expected to fast-track the country's economic development: agribusiness; information technology-business process outsourcing; creative industries; infrastructure; manufacturing and logistics; mining; and tourism, medical travel and retirement.
These seven industries have the potential to generate in the next 10 years up to $75 billion in foreign direct investment and 10 million jobs, the business group said.
In a meeting with the Departments of Finance and of Trade and Industry last August, the business group secured the two agencies' support for the "Seven Big Winners" initiative.
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