Media Release
August 26, 2025
The Joint Foreign Chambers (JFC), EU-ASEAN Business Council (EUABC), IT and Business Process Association of the Philippines (IBPAP), and US-ASEAN Business Council (USABC) released the following statement after the Konektadong Pinoy Act became law:
“The Joint Foreign Chambers (JFC), EU-ASEAN Business Council (EUABC), IT and Business Process Association of the Philippines (IBPAP), and US-ASEAN Business Council (USABC) laud the enactment of Konektadong Pinoy. We see this as a landmark achievement that will significantly improve internet access, boost the Philippines’ economic competitiveness, and strengthen its digital ecosystem as ASEAN develops its regional Digital Economy Framework Agreement (DEFA).
We also believe the law’s success will be dependent on the development of implementing rules and regulations that protect the free and seamless flow of data across borders. This approach will ensure that businesses are able to innovate and scale globally, allowing the Philippines to fully harness the digital economy’s potential. We remain committed to supporting the Philippines’ digital transformation and look forward to the full and immediate implementation of this law.”
The JFC is a coalition of the American, Canadian, European, Japanese, and Korean chambers and PAMURI. The EUABC is the primary voice for European business within the ASEAN region. The IBPAP is the primary industry association and advocacy group of the country’s agile, dynamic, and resilient IT and Business Process Management (IT-BPM) sector. The USABC represents over 180 U.S. companies, including many of the world’s largest global firms, with a significant number of them having substantial investments in a variety of sectors. The JFC, EUABC, IBPAP, and USABC support and promote open international trade, increased foreign investment, and improved conditions for business to benefit both the Philippines and the countries we represent.
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