The passage of economic reform bills, further reopening of the economy and the ratification of the Regional Comprehensive and Economic Partnership (RCEP) agreement will help the Philippine economy grow by 7 to 9 percent this year, the British Chamber of Commerce of the Philippines (BCCP) said.

'The Philippines has been impacted, obviously, by the pandemic. The growth rates [should be] 7 to 9 percent to get the economy back to where it was. And I think the economic reforms will support that and obviously, the opening up of the economy,' BCCP Executive Director Chris Nelson told The Manila Times in an interview.