Private business groups have expressed strong support for economic czar Frederick Go for his efforts in driving policies that promote a more competitive business environment.

Bryan Ang, vice president for trade facilitation of the Philippine Chamber of Commerce and Industry (PCCI), praised Go’s leadership.

“Only seasoned capitalists like Sec. Frederick Go can push for massive reforms in the business and export sectors that can immediately attract foreign investors,” he said.

Ang highlighted Go’s crucial role in pushing for significant reforms in the business and export sectors, which are expected to have an immediate positive impact on foreign investments.

Philexport president and CEO Sergio Ortiz-Luis also lauded Go’s contributions, noting that his appointment to the role of Special Assistant to the President for Investment and Economic Affairs (SAPIEA) was a strategic move by President Ferdinand Marcos Jr.’s administration.

Ortiz-Luis emphasized the importance of Go’s leadership in advancing growth and innovation across various industries, particularly in the export sector.

He credited Go for playing an instrumental role in the passage of the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises) Act, a landmark piece of legislation designed to boost the Philippines’ business environment and attract more investments.

Ortiz-Luis said Go’s leadership has been pivotal in fostering collaboration among various industry groups.

The CREATE MORE bill, which aims to provide tax incentives for businesses and stimulate economic recovery, was a key focus of Go’s work in his new role as SAPIEA. His dedication to the bill’s passage led him to personally engage with legislators, tirelessly advocating for the policy’s approval.

Go’s efforts are expected to yield long-term benefits for the Philippine economy, particularly in terms of attracting foreign investment, promoting innovation, and creating jobs across the nation.