Palace mulls 8 more emergency measures

Mrs. Aquino also underscored her commitment to the delivery of basic services as she cited an earlier order to her Cabinet secretaries to implement an eight-point program designed to provide the same.

To ease the transport vehicle shortage, National Emergency Memorandum No. 8 was recently issued cutting tariffs for transport vehicles and spare parts.

Republic Act 6810 (RA 6810), or the Magna Carta for Countryside Barangay and Business Enterprises, a liberal Investment Priorities Plan and the ongoing review of all investment laws are just some of the measures undertaken by the Administration to enhance investments, the President said.

“As government augments the structures improving the business climate, it is likewise opening new doors for big business.” The Build- Operate-Transfer (BOT) scheme, for instance, “will encourage the private sector to venture into areas once exclusively run by government agencies,” she said.

Private business and the state- owned National Power Corporation can also share electric and power generation while transportation is another area in dire need of private sector participation.

RAW MATERIALS

Products of rural businesses spawned by RA 6810 can be used as “raw materials for bigger businesses and industrial concerns,” she added.

Finally, the President told her audience “this Government welcomes your assistance. As the USA and Japan are our largest investors and trading partners, we see that you are best placed to inform you respective governments of the truth about this country.”

She added: “Similarly, your government will no doubt heed your advice on the continuing need to base agreements on sincerity and trust and on keeping and honoring those that are made and exchanged.”