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Via Inquirer: Hoping to find 'home' in SONA

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On July 21, 2018, Philippine Daily Inquirer's Amy Remo interviewed property leaders on their thoughts on President Rodrigo Duterte's State of the Nation Address. Pronove Tai International Property Consultants' CEO Monique Pronove gave insight from the commercial property sector:

"She is hoping for “the President to allay the current environment of uncertainty in the business sector and support initiatives to retain the country’s competitive advantages in the IT and business process management sector.”

Pronove pointed out that the 50-percent drop in office take up by IT-BPM companies can be attributed to the proposed changes in the existing incentives enjoyed by this sector, which has caused uncertainty.

Pronove also added to her wishlist the following:

Ensure stable and predictable business environment by implementing policies consistent with his 10-point economic program, particularly in continuing and maintaining current macroeconomic policies including fiscal, monetary and trade policies;

Ensure the relevance of Peza and speed up approval of Peza proclamations;

Simplify process for PPP projects and to drive investors to focus on countryside infrastructure development; and

Open up the economy by easing foreign ownership restrictions to more than the current 40 percent in the condominium market (all sectors i.e. residential and office)."

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