Press Release
October 9, 2012

Legarda Stresses Role of Business Sector in Making Laws Work

Senator Loren Legarda today stressed the vital role of the business community in making the country's laws work during the 38th Philippine Business Conference at the Manila Hotel.

Legarda, Chair of the Senate Committees on Climate Change, Foreign Relations, and Cultural Communities, was invited as speaker for the plenary session on Charting the Legislative Agenda for Economic Transformation: Prospects for the 2013 Mid-Term Elections.

"With the mid-term elections on our horizon, it is time to revisit our desired ends and the means by which aspired outcomes can be achieved. The business sector is a vital partner of the government in carrying out the needed programs and reforms for a progressive nation," she stressed.

The Senator was particular in enjoining the business sector in contributing to the effective implementation of the country's laws that are related to disaster-resiliency, such as the Climate Change Act, the Disaster Risk Reduction and Management Act, and People's Survival Fund Law.

"As disaster risk reduction is everybody's business, I urge heightened action from the business community. Private companies should be encouraged to come up with their business continuity plans (BCP) that will showcase how prepared they are to face disasters and be back in business as soon as possible," Legarda said.

She noted that BCPs are already being undertaken in Japan that is why recovery has been fast and efficient. The business community in the Philippines must begin to think about this.

"The higher value of corporate business is not found in the monetary profit it brings neither in the wealth it creates, but in the nobility of purpose--to improve the quality of life of the people and to build a sustainable and resilient human society."

"The road promises to be filled with stumbling blocks. But instead of slowing us down, these challenges should bring about consensus -- an agreement that our country should double, even triple, its efforts to reach our targets," Legarda concluded.

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