The Philippine Congress will prioritize bills that aim to address the various hurdles to the promotion of growth and investment in the country. These hurdles include bad infrastructure, weak revenue, fiscal instability, weak property and contractual rights, low human capita, and corruption, the Manila Bulletin reports. The Philippine House of Representatives is also looking to amend business-related laws in a bid to boost uniformity and equality in the treatment of foreign investors and improve transparency in the process of awarding contracts, House Speaker Feliciano Belmonte said, as quoted by the Manila Bulletin.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.