the Speech of DTI Secretary Manuel A. Roxas II at the 1st GMM of PCIE
Mar Roxas was PCIE's honored guest during its 1st GMM this year on
11 February 2000 at the Peninsula Manila Hotel. On this day, he inducted
the present set of officers of the Philippine Chamber of Industrial
Estates & Ecozones and likewise accepted the
this gathering, Secretary Roxas introduced the DTI Agenda under
his leadership, i.e., "to create a policy environment that
will be hospitable for the creation of wealth and economic activity
all throughout the country".
the rational behind the existence of money, i.e.,
"money only has one imperative or has one reason for being - that
is, replication; money has no conscience, no nationality and values;
money also wants to replicate itself and money replicate itself best
in an environment with a predictable policy regulation", he
emphasized therefore that DTI will craft its policies under the
same context where it should be predictable, consistent and stable.
All decisions will never be made if otherwise.
In terms of policy prescription, he confirmed that RP has one of
the most liberalized investment policies in the region. Government
has adopted and will continue to adopt less intervention in the
To improve the business environment, Sec. Roxas is advocating
laser like focus on the following items:
Job generation through greater exports and investments
made into our country.
Initiatives will be pursued that will allow investors to feel
secure about the validity of their assumptions.
Lower cost of living and cost of doing business.
DTI will review all bureaucracies and red tapes. These are steps that
may be considered important before and became a mere habit but
no longer needed today. It will also examine all price points in
the value chain - that is between provider/manufacturer and the
The government will only intervene on cases that will result
to greater competition thereby inducing prices to come down.
Prepare our country, particularly the business sector, in
engaging in to the whole new world of e-commerce.
Our business sector must be able to adjust with the market changes
swiftly. Like for example our electronics exports share almost
70% of our total exports. Imagine if these items will no longer
be required overnight due to changes in the market. On this
scenario, it will surely affect our capital as such we need to
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