THE Philippine Chamber of Commerce and Industry (PCCI) said that 2024 could be a better year for business as the government and private sector seek to address ease of doing business (EoDB), power, and upskilling issues.

“With all these efforts… and all those good individuals who were recently appointed to help us address the issues (of) EoDB, power and upskilling and reskilling of our labor, we are optimistic that 2024 will be a better year,” said PCCI President Enunina Mangio in a television interview.

She said foreign business organizations’ own forecasts are signaling that the Philippines could be the fastest growing economy in Southeast Asia.

“PCCI assumes that this growth will be driven by resilient domestic consumption, increased government spending, infrastructure projects and a gradual recovery in some sectors. We see the economy gradually and moderately growing,” she added.

She cited the need to strengthen its foreign relations and work on achieving remittance targets from overseas Filipino workers.

The reliance on remittances “is why reskilling of our laborers is very important,” she added.

Ms. Mangio said that the PCCI recognizes that the business sector has the responsibility to help the government in reviving the economy.

“That is why we are taking a more proactive role in helping the national and local governments champion initiatives that will make our enterprises more competitive and our important sectors more attractive to local and foreign investors,” she said. — Justine Irish D. Tabile