Marcos pushes economic reforms

President Ferdinand R. Marcos Jr. has directed key government agencies to reinforce the country’s macroeconomic foundation as part of his administration’s push to elevate the Philippines to upper-middle income status, Malacañang said Saturday. 

Palace Press Officer, Presidential Communications Office Undersecretary Claire Castro, said Marcos ordered his administration to intensify reforms in several critical sectors, including infrastructure, education, innovation, and digitalization.

“What the government will do is to further strengthen the macro-economic foundation and continue reforms in infrastructure, education, innovation and digitalization,” Castro said in Filipino.

Marcos also ordered agencies to continue implementing the Ease of Doing Business Act and to pursue the passage of the CREATE MORE Act.

Republic Act 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, aims to streamline processes in government transactions, enhancing service delivery and overall national competitiveness.