The British Chamber of Commerce Philippines (BCCP) acknowledged the current cupboard reorganization of President Ferdinand Marcos Jr. as an inexpensive transfer, midway by means of its time period, that might reinforce a whole-of-government strategy in the direction of financial progress.
The retention of the financial staff additionally indicators continuity of financial insurance policies and alternative for reforms.
In an interview, BCCP Government Chairman Chris Nelson famous that, “Revamping his cupboard at this midway stage is comprehensible. What we’re searching for is each continuity and the way we will get key laws handed.”
Nelson additionally counseled the retention of financial managers which the Chamber has persistently labored with on a number of areas similar to commerce, cybersecurity, monetary companies, inflation, meals and safety, amongst others
“Now we have labored intently with quite a few these cupboard secretaries. Now we have had conferences with DOF Secretary Recto, DTI Secretary Roque, and NEDA Secretary Balisacan. In case you see among the key successes, one of many challenges of the Philippines has been inflation, and inflation is coming down and I additionally need to give important credit score to Secretary Recto and others concerned in that,” Nelson mentioned.
Inflation charge eased to 1.4% in April 2025, the bottom recorded determine since November 2019 with meals inflation easing at 0.7%.
The Chamber has actively advocated for meals safety and managing inflation by means of its work with the Philippine and UK authorities in addition to the UK Agriculture and Horticulture Improvement Board (AHDB) to assist the rising British meat exports within the Philippines valued at £36.5 million.
In the meantime, the Philippines’ GDP progress charge at 5.4%, regardless of a slight lag, stays a aggressive determine within the area, with the nation remaining to be the second-fastest rising financial system.
Nelson additionally stays optimistic in regards to the current assertion of the Bangko Sentral ng Pilipinas (BSP) for the potential for two charge cuts this 12 months, signalling an optimistic enterprise surroundings for international firms.
Nelson additionally expressed assist for important reforms and key laws that might additional enhance the nation’s international direct investments, notably, E-Governance Act, Cybersecurity Act, and the Open Entry in Knowledge Transmission Act.
This, together with different initiatives of the federal government may enhance the general ease of doing enterprise within the nation, with Nelson noting that, “It’s about passing laws, it’s about transferring the financial system, and getting the expansion charge as much as 6% or extra.”