Hearing on House Resolution No. 898 on PCAB Licensing - 29 August 2017

September 08, 2017 ECCP@Work

Last 29 August, ECCP attended the House Economic Affairs Committee’s deliberation on House Resolution No. 898 entitled: "A Resolution Strongly Urging the Appropriate Committees to Conduct and Inquiry, in Aid of Legislation, on the Desired Economic Policy Direction of the Philippines with Regard to Foreign Participation in the Ownership and Operation of Corporations and Firms engaged in the Business of Construction of Buildings and Other infrastructure in the Philippines" by Rep. Arthur Yap. 

It was reiterated that the current licensing restrictions for foreign contractors are not conducive to fair market competition and limit the ability of foreign contractors to enter the Philippine market and compete with domestic competitors on the basis of a level playing field.