FFCCCII proposes reforms for faster economic growth

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

January 28, 2026 | 12:00am

MANILA, Philippines — The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is pushing for seven key reforms to enable the economy to achieve faster economic growth.

In a statement, FFCCCII president Victor Lim called on the government to reignite confidence and accelerate the country’s economic growth.

Among the reforms being pushed is to aggressively attract domestic and foreign investments by guaranteeing protections and ensuring ease of doing business.

In addition, the FFCCCII is urging the government to modernize the manufacturing and agriculture sectors by providing incentives for technology adoption and food security.

FFCCCII is also pushing for an anti-corruption system to restore institutional trust.

Another key reform being pushed is the launch of a tourism renaissance masterplan.

To reduce poverty, FFCCCII said there is a need to invest more in education, skills and universal health care.

The proposed reforms also include investing in strategic infrastructure focused on ports, hubs and broadband.

FFCCCII likewise pushed for initiatives that champion green and digital transformation to position the Philippines as a regional hub for sustainable technology.

The reforms are being pushed by FFCCCII amid growth forecasts being made that are below the economy’s potential.

Earlier, the De La Salle University said it expects the economy to post 4.5 percent growth for this year, slower than the projected 4.8 percent growth for 2025.

Lim said the 4.5 percent growth forecast is a sobering warning.

The Philippine economy grew by five percent from January to September last year, below the government’s 5.5 to 6.5 percent growth target for 2025.

Data on full-year 2025 gross domestic product growth will be released on Jan. 29.

For this year, the government is aiming for five to six percent growth.

Earlier, Lim said the country should aim for sustained annual economic growth of eight percent or higher to reach its full potential.

“This is a clarion call. Our business community pledges its full partnership. By uniting behind these reforms, we can build the resilient, soaring economy every Filipino deserves,” Lim said.