Senator Alan Peter S. Cayetano met with officers and members of the Bohol Chamber of Commerce and Industry on July 12, 2014 at the Metrocentre Hotel. During the lunch meeting, the senator solicited concerns from the businessmen. Mr. Loy Palapos, President of BCCI, introduced the senator and facilitated the meeting.
Various issues were raised by the members of the chamber while the senator also presented to the group his proposals to the senate that would affect budget distribution and hopefully make government projects less concentrated in Metro Manila and instead spread out to the provinces.
The senator mentioned projects he initiated for various community based organizations of drivers, food processors and others where he provided funding assistance which would be used by the organizations to help provide micro loans to its members at low interest rates. The senator hopes that such projects would help the Filipinos at the grassroots level by making it easier to get funding for micro businesses at low interest rates.
The senator mentioned that the national government should do something similar to the conditional cash transfer program of the current administration under President Benigno “Noynoy” Aquino, III but instead of giving it to low income families, funding would be given to micro businesses. The CCT, while it helps families ensure that their children get proper education, does not create a ripple effect in the economy. Sen. Cayetano believes that assisting business would help the businesses provide more jobs and increase opportunities for Filipinos.