Business groups back BBM govt

TWO of the country’s most powerful business groups are willing to work with President-elect Ferdinand “Bongbong” Marcos Jr.’s administration in sustaining economic targets that will speed up the country’s recovery.Marcos’ office said on Friday it has received separate statements of support from the Philippine Chamber of Commerce and Industry (PCCI) and Joint Foreign Chambers (JFC).PCCI is asking the public to give the new administration time to develop and share their development plans. “Let’s stay positive,” said PCCI President George Barcelon, stressing that Marcos’ economic managers must address both internal and external issues.Barcelon said the incoming administration will face the same financial challenges other countries do, particularly debt and inflation woes triggered by the prolonged Covid-19 pandemic and, more recently, the
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