The Philippine Chamber of Commerce and Industry and the American Chamber of Commerce of the Philippines welcomed Executive Order 108, which names Finance Secretary Frederick Go as chair of the Economic Development Committee.
The business groups said the move strengthens coordination across government agencies and streamlines investment promotion.
Both chambers recognized the measure as a way to boost competitiveness and attract more foreign capital.
PCCI president Perry Ferrer commended the administration for consolidating its economic team under Go. He said Go’s role as economic czar signals a commitment to efficiency and reducing bureaucratic red tape.
Ferrer highlighted Go’s swift action regarding the P500,000 cash transaction threshold under Bangko Sentral ng Pilipinas Circular No. 1218. The policy previously disrupted micro and small enterprises. Within a day of the chamber raising concerns, the BSP issued Memorandum No. M-2026-005 to introduce risk-based flexibilities and ease due diligence requirements.
AmCham officials said Go’s leadership ensures consistent oversight of investments and the Strategic Investment Priorities Plan.
They said the appointment helps align fiscal policy and incentives with national development goals.
Both chambers reaffirmed their commitment to collaborating with the government to enhance competitiveness and promote sustainable growth.
