105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City

Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting)

Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph

Foundation for Economic Freedom, Inc.

BOARD OF ADVISERS:

Gerardo Sicat

Cesar A. Virata

BOARD OF TRUSTEES:

Roberto De Ocampo Chairman Romeo Bernardo Vice-Chairman Calixto Chikiamco President Ernest Leung Treasurer Atty. Ricardo Balatbat III Corporate Secretary Anthony Abad Art Corpuz Eduardo Gana Felipe Medalla Vaughn Montes Simon Paterno Perry Pe Gloria Tan-Climaco

Atty. Ricardo Balatbat III Executive Director

FEF CONGRATULATES PRESIDENT-ELECT RODRIGO DUTERTE

We, the Foundation for Economic Freedom (FEF), congratulate President-elect Rodrigo Duterte for getting an unmistakable mandate to lead our nation for the next six (6) years.

We look forward to the reforms that he has promised to undertake, particularly in removing the foreign ownership restrictions in the Constitution, and improving competition in key sectors of the economy.

We support his proposed measures that will improve the investment climate in the country, by improving peace and order, cutting bureaucratic red tape, reforming the tax system, and vastly improving infrastructure.

We also support his program to make growth inclusive by focusing on education, rural development, and delivery of basic services to the poor.

We urge him to end labor contractualization only within the context of total labor market reform and the modernization of the labor code to provide more jobs and secure better employment for our people based on a strong and growing economy.

Finally, we applaud his reaching out to his political rivals. National unity is vital in solving our problems of widespread poverty, national security, and peace and order.

Release Date: May 12, 2016

For more information, please check our website: www.fef.org.ph, or contact the following:

Ranna Pintor, Senior Program Officer – rannapintor@yahoo.com /+63 2 453 2375

Angela Arnante, Program Officer – aarnante.fef@gmail.com/ +63 2 453 2375

Mabel Almenteros, Communications Officer – mialmenteros@fef.org.ph / +63 2 453 2375