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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 Status ]

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 Status ]

News Updates

Higher fuel, power costs seen hindering foreign...

Posted on 12 November, 2018 at 15:47

Rising prices of power and fuel are becoming major roadblocks to increasing foreign investment in the country, an economist from the Asian Institute of Management (AIM) said.

Gov’t to fine-tune ‘Trabaho’ bill

Posted on 12 November, 2018 at 12:00

The Department of Trade and Industry (DTI) is in talks with the Department of Finance (DOF) to fine-tune some provisions in the so-called “Trabaho” bill, and ensure it would have only “minimal risk.”

RFINL seen to further boost manufacturing sector–Neda

Posted on 12 November, 2018 at 10:41

The implementation of the recently approved 11th Regular Foreign Investment Negative List (RFINL) will further boost the performance of the manufacturing sector, according to the National Economic and Development Authority (Neda).

Zubiri backs action on ‘non-inflationary’ tax reform

Posted on 9 November, 2018 at 13:00

Senate Majority Leader Juan Miguel F. Zubiri said the Department of Finance (DoF) needs to focus on tax measures that will have minimal inflationary impact.

[OPINION] The problem is poverty

Posted on 9 November, 2018 at 10:24

I’ve been accused of being too positive about this administration. But after the ineffectual rule of the last one, someone who promised decisions was a relief. And anyone who’d break the “trapo” mold was earnestly needed.

More laws needed to ease investment restrictions...

Posted on 8 November, 2018 at 15:43

Further easing restrictions on foreign investments after the recent signing of the 11th Foreign Investment Negative List (FINL) would fall largely on Congress through the amendments of laws that cap foreign equity in viable industries, the National Economic and Development Authority (NEDA) said.

[OPINION] Birthing the Bangsamoro Autonomous Region

Posted on 8 November, 2018 at 12:00

As with planned caesarean procedures, we know beforehand this baby’s birthday. On Jan. 21, 2019, the people within the Autonomous Region in Muslim Mindanao (ARMM) will determine in a plebiscite whether to welcome the birth of the Bangsamoro Autonomous Region (BAR).

BCDA postpones Clark airport O&M bidding

Posted on 8 November, 2018 at 10:54

State-owned Bases Conversion and Development Authority (BCDA) has postponed the opening of bids for the Clark International Airport operations and maintenance (O&M) contract scheduled yesterday.

Philippines ranking falls in Ease of Doing...

Posted on 7 November, 2018 at 11:33

The Philippines ranked lower in the World Bank’s Ease of Doing Business Report 2019, placing 124th out of 190 countries from 113th previously, largely due to higher business registration costs and increased time for imports inspection.

DOF supports Bataan nuclear power plant revival

Posted on 6 November, 2018 at 15:56

The Department of Finance (DOF) is supporting the proposed revival of the mothballed Bataan Nuclear Power Plant (BNPP) to bring down the high costs of electricity in the country.

[OPINION] Red tape pa rin!

Posted on 6 November, 2018 at 14:56

Last week, former Comelec commissioner Goyo Larrazabal posted this tweet…

Legislative Tracker – October 2018

Posted on 6 November, 2018 at 10:37

Legislative Tracker – October 2018

PHL to pursue amendments to open economy

Posted on 6 November, 2018 at 10:23

The government will immediately pursue amendments to current laws to further open them up to foreign participation after “marginal improvements” were realized in the latest Foreign Investment Negative List (FINL).

DTI-DOF JOINT STATEMENT ON THE 2019 WORLD...

Posted on 5 November, 2018 at 17:30

The Department of Finance (DOF) and the Department of Trade and Industry (DTI) unequivocally express their strong objections to the 2019 World Bank Doing Business (DB) report, which shows a drop in the Philippines’ ranking by 11 notches from 113 (2018) to 124 (2019).

Philippines slips in Doing Business rank

Posted on 5 November, 2018 at 15:30

The Philippines managed to improve its score in the World Bank’s annual report that tracks economies’ competitiveness in ease of doing business, but its rank slipped as reforms to streamline transactions and strengthen stakeholder rights were offset by a drop in “getting credit” metrics, increased layers for import inspection and higher tax registration costs.

11th Foreign Investment Negative List bares ‘modest’...

Posted on 5 November, 2018 at 13:30

Malacañang on Wednesday finally issued the government’s closely watched list of sectors in which foreign participation is regulated, showing sectors where restrictions have eased including teaching in “higher education levels.”

[EDITORIAL] Still restrictive

Posted on 5 November, 2018 at 12:30

There was palpable disappointment among foreign investors’ groups when Malacañang finally released last week the 11th Foreign Investment Negative List (FINL), which specifies sectors where foreigners are not allowed to invest in or are limited to a maximum of 40 percent.

Duterte’s first foreign investment negative list out

Posted on 31 October, 2018 at 15:00

Malacañang on Wednesday released the updated list of investment areas and activities that are closed or limited to foreign investors…

Trade dep’t makes pitch for TRABAHO bill...

Posted on 31 October, 2018 at 08:00

The Department of Trade and Industry (DTI) is hoping to reach a compromise with the Department of Finance (DoF) on provisions of the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) Bill…

Business watches as Duterte orders military ‘takeover’...

Posted on 30 October, 2018 at 17:00

President Rodrigo R. Duterte is putting soldiers in key positions in the Bureau of Customs, which has reeled from revelations of a record estimated P11 billion worth of methamphetamine that slipped through the country’s ports.

Philippines still compelling for miners, but mineral...

Posted on 30 October, 2018 at 15:00

The Philippines will remain a compelling case for miners at least until the end of President Rodrigo R. Duterte’s term in 2022 despite an increasingly trying regulatory environment, according to Fitch Solution’s Philippines Mining Report.

PHL, China to sign at least five...

Posted on 30 October, 2018 at 13:00

The Philippines’ economic managers met on Monday with a delegation from top trading partner China, led by State Councilor and Foreign Minister Wang Yi, to prepare the groundwork for at least five deals…

BLOG: Can the creative industries of ASEAN...

Posted on 30 October, 2018 at 12:00

Strolling through Bonifacio Global City on a sunny Saturday, it is easy to spot the groups of smiley teenagers self-learning slick K-Pop dance moves in the shadows of gilded skyscrapers and leafy parks.

[OPINION] Right of way in the way

Posted on 30 October, 2018 at 08:00

Back in the 1990s, the foremost problem causing delays in the implementation of our infrastructure projects was right of way (along with illegal occupants) in project sites. One would think that, more than two decades later…

[OPINION] The Boracay syndrome

Posted on 29 October, 2018 at 16:00

Boracay — that tiny island at the northern tip of Panay, a destination renowned for its fine white sand beaches, shallow gentle waters, and all-day partying — recently reopened to tourists after being abruptly shut down six months ago…

[OPINION] The necessity of institutional reforms

Posted on 29 October, 2018 at 14:00

We reform institutions to make them (more) inclusive and distributive. These reform efforts, composed of complementary piecemeal and wholesale actions and programs, should start at the very core of the body politic.

[BLOG] Can the creative industries of ASEAN...

Posted on 29 October, 2018 at 12:00

Strolling through Bonifacio Global City on a sunny Saturday, it is easy to spot the groups of smiley teenagers self-learning slick K-Pop dance moves in the shadows of gilded skyscrapers and leafy parks.

Government urged to focus on main harvest...

Posted on 29 October, 2018 at 12:00

The government must allocate more investments in major rice areas to ensure improved production and strengthen its competitiveness, former Agriculture Secretary William Dar said.

[OPINION] No casinos in Boracay

Posted on 29 October, 2018 at 10:07

The final word has come down from President Duterte on the issue of casinos in Boracay and it is a big, fat NO. Pressure had been exerted to allow the existing ones to continue, but the President still said NO.

Ecozone group says tax reform could affect...

Posted on 26 October, 2018 at 10:39

Jobs in economic zones may be affected should their incentives be changed under the second tranche of tax reforms, the head of an industry group said Wednesday.

PHL, US eye ‘next steps’ towards free...

Posted on 25 October, 2018 at 17:00

Manila and Washington announced on Tuesday gains in resolving “a number of recurring bilateral trade issues” amid their intention to start talks on a prospective free trade pact.

DBM set to award fuel marking contract...

Posted on 25 October, 2018 at 15:09

The Department of Budget and Management (DBM) said yesterday that its procurement service unit is set to award to Switzerland-based Sicpa SA and SGS Philippines Inc…

TRABAHO Bill could cut apparel work force...

Posted on 23 October, 2018 at 17:00

Apparel exporters said layoffs in the industry could amount to 40% of the workforce if investment incentives are rationalized under the Tax Reform for Attracting Better and Higher-Quality Opportunities bill.

PHL missing out on investment amid US-China...

Posted on 23 October, 2018 at 14:00

The Philippines is missing out on the opportunity to attract investors during a period of trade tensions between the United States and China, due to uncertainty surrounding the country’s tax incentive regime…

[OPINION] How to be left behind

Posted on 23 October, 2018 at 12:00

From the country that was second only to Japan to one that is fast approaching second to the last in ASEAN, just about sums up our journey over the last 50 years.

PEZA open to making GIE incentive time-bound...

Posted on 22 October, 2018 at 17:00

The Philippine Economic Zone Authority (PEZA) is open to making the five percent gross income earned (GIE) incentive enjoyed by locators time-bound, if the rate will be raised to seven percent.

Keep Peza firms’ tax perks, gov’t urged

Posted on 22 October, 2018 at 13:00

The former head of the Philippine Economic Zone Authority (Peza) urged lawmakers to spare a crucial tax perk that has for long shielded companies from local governments that might strong-arm projects to gain favors.

[OPINION] Regulatory capture

Posted on 22 October, 2018 at 12:00

Another big problem a potential investor must worry about in the Philippines is regulatory capture. It is either live with the system and feed the corruption that goes with regulatory capture or stay away from the country.

[EDITORIAL] Awaiting health care for all

Posted on 22 October, 2018 at 11:42

The Philippines is a step closer to enacting a Universal Health Care (UHC) law that will guarantee all Filipinos equitable access to quality and affordable health goods and services.

Japanese envoy takes up cudgels for investors...

Posted on 22 October, 2018 at 10:26

Japanese Ambassador Koji Haneda made this pitch during the Special Session on “Towards a Deeper PH-Japan Economic Partnership” on the last day of the 44th Philippine Business Conference at the Manila Hotel yesterday.

[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.




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