Foreign chambers, MBC back Marcos econ planThe American Chamber of Commerce of the Philippines (AmCham) welcomed Marcos’ focus on competitiveness, energy security, investment reforms and economic growth in his fifth State of the Nation Address (SONA) on Monday, noting that many of these priorities closely align with the Joint Foreign Chambers (JFC)’s recommendations submitted to Malacañang. MANILA, Philippines — Foreign business groups and the Makati Business Club (MBC) expressed support for President Marcos’ economic agenda, but cited the need for strong implementation and continued reforms to achieve sustained economic growth. Perfect blendExecutive Secretary Ralph Recto described Marcos’ SONA as the “right blend: substantial and not just empty rhetoric.” Villanueva welcomed Marcos’ recognition of several government programs and laws that he said have benefited workers, students, OFWs and their families. “The President’s SONA sets the direction of the administration.