The Joint Foreign Chambers (JFC), a coalition of foreign business groups, and several other business councils supported the passage of the “Konektadong Pinoy Act,” a new law aimed at expanding internet access and strengthening the country’s digital economy.
The groups, which also include the EU-ASEAN Business Council (EUABC), the IT and Business Process Association of the Philippines (IBPAP) and the US-ASEAN Business Council (USABC), said in a joint statement that the law would boost the Philippines’ global competitiveness.
“We welcome the enactment of the Konektadong Pinoy Act, which we view as a landmark measure that will expand internet access, enhance the Philippines’ global competitiveness, and strengthen its digital ecosystem as ASEAN advances its Digital Economy Framework Agreement [DEFA],” the groups said.
They said, however, that the law’s success would depend on clear implementing rules that safeguard the free and seamless flow of data across borders.
“Such a framework will enable businesses to innovate and scale globally, positioning the Philippines to maximize the opportunities of the digital economy,” they said.
The groups collectively advocate for open trade, increased foreign investment and stronger business conditions that benefit both the Philippines and their home countries.
