British Chamber hopes Congress special session to expedite pending legislation
President Ferdinand Marcos Jr. has called for a special session of the Philippine Congress to fast-track priority legislation, including the Cybersecurity and Open Finance Acts. The British Chamber of Commerce is advocating for these measures to improve the local business climate and financial transparency.
Why it matters
Legislative progress in the Philippines is critical for maintaining investor confidence and addressing economic challenges stemming from regional crises.
Following the recent Senate gridlock and official adjournment sine die on 3rd of June, the recent call for a special session scheduled on June 17 by President Ferdinand Marcos Jr. is expected to fast-track priority legislation on areas such as social protection, healthcare and education to address challenges brought about by the Middle East crisis and the recent earthquake in Mindanao.
The report focuses on business advocacy and legislative updates without clear ideological bias.
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