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Arangkada Progress Report

Infrastructure Tracker

arangkadaphilippines.com/Infrastructure

The Arangkada Philippines monitors major infrastructure policy, airports, power, roads and rail, seaports, telecommunications, and water projects. According to the Build, Build, Build Infrastructure Program of the Duterte Administration, "acceleration of infrastructure and the development of industries will yield robust growth across the archipelago, create jobs, and uplift the lives of Filipinos." Trackers will be updated regularly to reflect project implementation. [ Check Progress ]

Legislative Reform Tracker

arangkadaphilippines.com/reform

The Arangkada Philippines supports legislative developments that encourage investment and job creation. Timely enactment of new laws and amendment of existing ones are crucial factors in sustaining the Philippine economy as well as boosting the country’s global competitiveness. [ Check Progress ]

News Updates

[OPINION] Momentum breakers

Posted on 19 October, 2018 at 17:30

Is our economic momentum about to dissipate? Recent challenges on the economic front, most prominently speeding inflation, have led some to doubt the sustainability of the economic momentum we…

[OPINION] Structural weaknesses in our economy: What...

Posted on 19 October, 2018 at 16:30

In my last column, “The Structural Weaknesses of the Philippine Economy,” I said that the recent economic data show the structural weaknesses of the Philippine economy: low agricultural productivity, weak export growth, and…

[OPINION] Inflation, fare hike petitions, and TNCs...

Posted on 19 October, 2018 at 15:30

The Duterte economic team aka “Dutertenomists” composed of the DBCC, the Secretaries of DoF, DBM and NEDA and Governor of BSP have been peddling the “6.7% inflation rate will be the peak” statement…

Trump Embarks on Bilateral Trade Talks to...

Posted on 19 October, 2018 at 14:16

Fresh off securing trade agreements with South Korea, Canada and Mexico, President Trump is embarking on a new plan: refashioning the Trans-Pacific Partnership to his liking through a flurry of bilateral trade deals.

Corporate Income Tax Reform Bill to create...

Posted on 19 October, 2018 at 10:25

Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under the second package of the comprehensive tax reform package…

‘Trabaho’ bill hangs till jobs data finished;...

Posted on 18 October, 2018 at 10:26

Until the study on its labor impact is completed, all discussions about the next-round reforms in the comprehensive tax package, as embodied in the so-called Trabaho bill, are suspended…

[OPINION] Reforming the PPP Model

Posted on 18 October, 2018 at 10:00

Responding to concerns of alienating the private sector, Secretary Dominguez III said the administration welcomes unsolicited proposals, since the private sector would have a better grasp in identifying potential problems…

Economic execs turn cautious on targets

Posted on 18 October, 2018 at 08:00

The Development Budget Coordination Committee (DBCC) on Tuesday slashed economic growth and fiscal goals and raised inflation forecasts in the face of tighter credit conditions, rising oil prices and a worsening Sino-US trade row.

[OPINION] TRABAHO: Setting free an urgent reform

Posted on 17 October, 2018 at 17:00

The House of Representatives passed the Tax Reform for Attracting Better and High-Quality Opportunities or TRABAHO Bill in early September.

Companies seen looking for ‘exit strategies’

Posted on 17 October, 2018 at 15:33

PwC Philippines said some of its clients were now asking for “exit strategies” amid concerns about the government’s second tax reform package.

JFC Statement on House Bill 4067 –...

Posted on 17 October, 2018 at 15:27

In 1991, the Foreign Investments Act (FIA) or Republic Act 7042 (amended in 1996 by RA 8179) was enacted liberalizing the entry of foreign investments into the country by opening the domestic market to 100% foreign investment projects except…

Teddy Boy Locsin accepts DFA post offer

Posted on 17 October, 2018 at 13:00

Teddy Boy” Locsin Jr., the country’s permanent representative to the United Nations, has accepted the offer of President Rodrigo Duterte to become the next Secretary of the Department of Foreign Affairs (DFA).

PHL found among most improved in global...

Posted on 17 October, 2018 at 11:42

The Philippines placed fifth among the nine economies of the Association of Southeast Asian Nations (ASEAN) covered by the Global Competitiveness Report 2018-2019, which measures a country’s standing

Duterte’s Luster Dulls as Rice Prices Soar...

Posted on 15 October, 2018 at 18:00

Through controversy after controversy, President Rodrigo Duterte of the Philippines has always been able to count on his appeal among the nation’s poor. But soaring prices for staples like rice are starting to alienate that vital base of support.

FDI inflows in July rise to $914...

Posted on 15 October, 2018 at 17:00

Foreign investors were eager to put their money in the Philippine economy in hopes for long-term economic gains at the start of 2018’s second half, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.

Vietnam to remove 49% foreign ownership cap...

Posted on 15 October, 2018 at 15:00

Vietnam plans to remove restrictions on foreign ownership of state-owned and listed companies by the end of 2019, as Hanoi looks to open its capital-hungry economy further in order to sustain rapid growth.

‘Trabaho’ bill could cost local firms P298...

Posted on 15 October, 2018 at 13:00

Local firms might be in support of the Trabaho bill—the second part of the tax-reform package now pending in Congress—but they could be committing a fatal mistake, in the view of the Philippine Economic Zone Authority.

3 Philippine islands on Condé Nast Traveler’s...

Posted on 15 October, 2018 at 11:03

The country’s most popular surfing destination, Siargao Island, has finally received its much-deserved international praise as it topped the Readers’ Choice Awards for Best Islands in Asia list 2018, of influential travel publication Condé Nast Traveler (CNT).

House moves to relax foreign business hurdles

Posted on 12 October, 2018 at 17:00

A bill seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday.

IT-BPM companies face ‘double jeopardy’ amid labor,...

Posted on 12 October, 2018 at 15:00

Information-technology and business-process management (IT-BPM) firms may find it difficult to adapt proposed labor reforms, as they brace for the impact of the rationalization of tax incentives.

Peza gives up on Trabaho bill talks...

Posted on 12 October, 2018 at 12:00

The Philippine Economic Zone Authority (Peza) has given up on asking the Department of Finance (DOF) to spare the agency from the next tax reform plan, opting instead to go directly to President Rodrigo Duterte.

Philippines and US aim to announce free...

Posted on 12 October, 2018 at 10:16

The U.S. and the Philippines plan to announce the start of their free trade negotiations by next month as the two allies look to bolster their economic relationship amid uncertainty over security ties.

[OPINION] Our two economic legs

Posted on 11 October, 2018 at 13:19

Our economy has been standing precariously on two legs all these many decades — OFW remittances and BPO earnings. Both have provided jobs to Filipinos many of whom would otherwise be jobless.

As is, ‘Trabaho’ bill could cause 30,000...

Posted on 11 October, 2018 at 10:28

Manufacturers in the Subic Bay Freeport Zone may be forced to lay off at least 30,000 workers to survive the rationalization of tax incentives under the current version of the Trabaho bill.

[OPINION] A new telco duopoly

Posted on 11 October, 2018 at 08:00

At best, the proposal of Ramon Jacinto, a presidential adviser, to limit the number of telco tower operators to two is misguided. It is a brazen attempt at rent-seeking.

Legislative Tracker – September 2018

Posted on 10 October, 2018 at 16:40

Legislative Priorities — September 2018
Legislative Tracker — September 2018

JFC Letter to Rep. Jesus Sacdalan on...

Posted on 10 October, 2018 at 16:26

The Joint Foreign Chambers of Commerce of the Philippines (JFC) writes to support the passage of a bill creating an independent airport authority as contained in House Bills 6327 and 7306.

JFC Letter on Direct Remittance to LGUs...

Posted on 10 October, 2018 at 16:17

We would like to express our appreciation for your committee’s effort to initiate deliberation on House Bills 1533, 2581, and 2995 – providing for the direct remittance…

‘Trabaho’ bill to stem job generation in...

Posted on 10 October, 2018 at 16:05

The latest tax reform bill championed by the country’s economic managers could result in tepid hiring of new workers in the business process outsourcing (BPO) industry by the year 2022—or just 300,000 vacancies…

JFC Statement on House Bill 4067 –...

Posted on 10 October, 2018 at 15:53

In 1991, the Foreign Investments Act (FIA) or Republic Act 7042 (amended in 1996 by RA 8179) was enacted liberalizing the entry of foreign investments into the country by opening the domestic market to 100% foreign investment project…

House panel OKs bill establishing fiscal regime...

Posted on 9 October, 2018 at 10:43

A House of Representatives committee on Monday approved a bill establishing the fiscal regime for the mining industry.

Ecozone investments drop 55% to P88 B...

Posted on 8 October, 2018 at 17:00

Investments registered with the Philippine Economic Zone Authority (PEZA) declined 55 percent in the nine months to September this year from a year ago on continued concerns over the government’s plan to rationalize fiscal incentives…

DICT seeks P2-B budget for Nat’l Broadband...

Posted on 8 October, 2018 at 15:57

The Department of Information and Communications Technology (DICT) is seeking to secure additional budget for the roll-out next year of the National Broadband Project…

Arroyo’s draft constitution reaches House plenary

Posted on 8 October, 2018 at 13:10

A House of Representatives committee has endorsed to the chamber’s plenary a draft constitution filed by Speaker Gloria Arroyo and other lawmakers, which seeks to pave the way for the creation of a federal government.

[OPINION] Reversed effects

Posted on 8 October, 2018 at 11:42

In our Kapihan sa Manila Bay last Wednesday, we invited leaders of local and foreign companies representing Philippine industries which are subject of the proposed corporate tax reform bill.

Trump Signs Revised Korean Trade Deal

Posted on 5 October, 2018 at 13:00

President Trump signed a revised free trade agreement with South Korea on Monday in New York, cementing the first bilateral trade deal of his administration and suggesting the United States…

Chambers flag risk from contracting ban

Posted on 5 October, 2018 at 11:23

Local and foreign business groups voiced their opposition to a legislative measure backed by President Rodrigo R. Duterte that bans project and seasonal employment schemes…

Business groups warn vs passage of bill...

Posted on 4 October, 2018 at 17:00

Three of the country’s biggest business groups have expressed concern over a bill seeking to prohibit contracting and labor-only contracting, saying that existing laws already ensure benefits for project, seasonal and contractual workers.

[OPINION] 70 percent

Posted on 4 October, 2018 at 15:00

Other world leaders would kill to have approval ratings in the 70s in their midterm. President Duterte should be sleeping well, confident that he continues to enjoy the approval of three-fourths of the population.

Villanueva hails ratification of bicam report on...

Posted on 4 October, 2018 at 13:00

Senator Joel Villanueva on Wednesday hailed the Senate ratification of the bicameral conference committee report on the proposed law which will allow employees in the private sector to telecommute or work-from-home.

‘Serious’ query from Vodafone about 3rd player...

Posted on 4 October, 2018 at 11:03

THE UK’s Vodafone Group PLC has discussed with the government the possibility of participating in the selection process for the telecommunications industry’s so-called “third player”…

[OPINION] ‘Weaponized’ Incentives and TRAIN 2

Posted on 3 October, 2018 at 17:00

Most of the time, when passions are high it is because conflicting greeds are involved.

Gov’t easing foreign investment restrictions

Posted on 3 October, 2018 at 15:00

The National Economic and Development Authority (NEDA) has assured British businesses that the government is working to ease foreign investment restrictions through the…

[OPINION] Attracting investors

Posted on 3 October, 2018 at 13:00

Investors, local or foreign, look for the same things. What are the prospects for making money in a country, how easy or difficult is it to do business there, and is it politically stable.

PCCI pushes grant of power subsidies

Posted on 3 October, 2018 at 11:25

Apart from pushing for competitive bidding in the power industry, it may be high time for government to explore possible power subsidies to make the country competitive…

JFC Position Letter on the Mandatory 14th...

Posted on 2 October, 2018 at 16:41

We write in connection with House Bills 402 and 3815, which seek to provide a mandatory 14th month pay for all private sector employees in the Philippines.

Aboitiz unit gets crack at Bohol airport

Posted on 1 October, 2018 at 16:11

Conglomerate Aboitiz Equity Ventures Inc. said its unit won a coveted original proponent status to operate and further develop the New Bohol International Airport, which is scheduled to open around October this year.

[JFC Statement] Foreign Chamber Comments on TRABAHO

Posted on 1 October, 2018 at 10:55

Leading business associations in the Philippines are supporting the TRABAHO bill in the Congress but urge that it contain provisions that continue to support the country’s competitiveness.

Job risks in focus as Senate starts...

Posted on 27 September, 2018 at 10:44

The Senate Ways and Means committee on Tuesday began discussions on corporate tax reform, zeroing in on potential risk to jobs when the government removes fiscal incentives deemed redundant.

ANGARA: TRABAHO BILL MUST CREATE JOBS, NOT...

Posted on 26 September, 2018 at 10:00

Senator Sonny Angara said the Senate committee would not proceed with its deliberation of the TRABAHO bill unless the government can present definitive data on the impact on jobs.

House body turns to financial products as...

Posted on 26 September, 2018 at 08:00

The House of Representatives Ways and Means Committee on Monday raced to tackle more of the Executive’s proposed tax reforms in a bid to approve as many of them as possible before lawmakers turn their attention…

China-based US firms mull transfer to South...

Posted on 25 September, 2018 at 15:00

American firms in China are considering relocating to Southeast Asia and the Indian subcontinent amid escalating trade tensions between the world’s two biggest economies…

LRT-1 posts record 14.63 million ridership in...

Posted on 25 September, 2018 at 13:00

LRT-1 saw its highest monthly ridership last month since the consortium of Light Rail Manila Corp. (LRMC) assumed operations in 2015.

BPO office take-up on recovery track

Posted on 25 September, 2018 at 10:23

Office space demand from business process outsourcing (BPO) companies in Metro Manila is recovering from last year’s decline, Leechiu Property Consultants (LPC) said.

3rd telco required to invest P140-B minimum...

Posted on 24 September, 2018 at 17:00

At last, the government yesterday (September 21, 2018) released the final rules on the selection of the country’s third telco player, which will be required to invest a minimum of P140 billion to a maximum of P240 billion over a five-year period.

ADB OKs $7.8B in loans for PH...

Posted on 24 September, 2018 at 15:00

As the Duterte administration prioritizes infrastructure development under its ambitious “Build, Build, Build” program, the Asian Development Bank has increased the share of transport projects…

Clark airport contracts awarded by November —...

Posted on 24 September, 2018 at 13:00

State-owned Bases Conversion and Development Authority (BCDA) expects to award contracts for the power and water distribution requirements in New Clark City…

[OPINION] Water

Posted on 24 September, 2018 at 11:16

Water everywhere but not a drop to drink! That’s the likely situation faced by many of our countrymen in the hard-hit areas of Typhoon Ompong.

Gloria Arroyo eyes steep tax on open...

Posted on 21 September, 2018 at 15:00

Speaker Gloria Macapagal Arroyo is firm in supporting the policy agenda of President Rodrigo Duterte to prohibit open-pit mining in the country as stated in his third State of the Nation Address (SONA).

‘Trabaho bill’ to force semicons to shed...

Posted on 21 September, 2018 at 13:00

The irony is real—and could be costly. The government’s second tax-reform measure, dubbed the Trabaho bill in the House of Representatives version, will force the semiconductor industry to lay off 140,000 workers once fiscal incentives are rationalized.




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Arangkada Philippines: A Business Perspective — Move Twice As Fast | Joint Foreign Chambers of the Philippines