Belmonte opens sessions with a commitment to sustained growthand reforms
Stressing that so much more needs to be done, Speaker Feliciano Belmonte, Jr. today declaredthat “growth and social transformation must be sustained.”“Indeed, successes hae been astounding in the arena of our goernance. But, we face the bigger challenge of sustaining the economic growth, and consolidating the goernance reformsinitiated by the !"uino administration,” Belmonte said.#hen he banged the gael signalling the opening of the second regular session of the $ouseof %epresentaties of the &'
(ongress, the Speaker took no time to spell out numerous legislatie priorities to accelerate inclusie growth and sustain the reforms for good goernance achieed in the past four years.Belmonte noted that to this day, )* years since the ratification of the &+* (onstitution,arious proisions hae yet to be fully operatie due to the absence of releant implementing laws.“-o opportunity must be missed, and no effort spared this momentum of growth and socialtransformation must be sustained,” he insisted.!mong the priorities specified by the Speaker include/ 0a1 $B 23* or the “!ct prohibitingthe establishment of 4olitical 5ynasties, now up for plenary debate6 0b1 the Freedom of Information7aw, now awaiting final committee action6 0c1 the awaited passage of a
Basic 7aw thatshall establish a solid framework for genuine peace and enduring stability in 8indanao within the bounds of the (onstitution6 and 0d1 the proposed amendments to the restrictie economic proisionsof the (onstitution that constrain the flow of ital foreign direct inestments in strategic sectors inthe economy.Belmonte, likewise cited e"ually important legislatie measures intended to create a moreconducie enironment for the inflow of inestments, and generation of more and better 9obopportunities for the people.In particular the Speaker:s list consisted the following/ &1 a -ational (ompetition 7aw thatwould send the right signals to inestors who are looking for a leel playing field for business6 )1 the%ationali;ation of Fiscal Incenties and the <a= Incenties 8anagement and <ransparency !ct6 and21 the passage of amendatory bills on the Build >perate <ransfer 7aw, the (abotage 7aw, and the?lectric 4ower Industry %eform !ct or ?4I%!.7ikewise, the $ouse leader stressed the need to gie focus on the nation:s non@renewablenatural resources, making sure that the mining industry yields fair and reasonable priate gains thatwill redound to the competitieness and efficiency of the industry, while guaranteeing goernment:s 9ust and lawful share from the proceeds of economic actiities on natural resources without pre9udiceto the protection of the enironment.
NR # 3541CJULY 28, 2014