Part 2 News: Becoming More Competitive
Weak FDI pledges worry Amcham
16 March, 2018 at 12:00
The Philippines is now slowly catching up with its fast growing Asean neighbors in terms of foreign direct investments (FDIs) but American businesses believe the Philippines should be able to attract even higher levels of FDI in the future.
[Press Release] AmCham Comment on Total 2017...
15 March, 2018 at 16:30
As long-time strong proponent of increased FDI in the Philippines, the American Chamber of Commerce of the Philippines is pleased to learn from the March 12 Bangko Sentral Pilipinas announcement that the country recorded a net inflow of US$10.05 billion in 2017.
Investments seen taking a hit from second...
15 March, 2018 at 15:30
The country’s rapidly growing foreign direct investment (FDI) inflows—which soared to an all-time high in 2017—could hit a snag this year, as the second tranche of the Duterte administration’s tax-reform agenda is seen to force investors…
Philippines is best country to invest in,...
8 March, 2018 at 08:00
The Philippines ranked first among a list of countries “worthy of investment” this year based on a recent survey conducted by an American media company.
Best Countries to Invest In
7 March, 2018 at 18:00
US News & World Report hailed the Philippines as the top investment destination, citing the country’s $304.9-billion gross domestic product, 103.3 million population and $7,739 GDP per capita.
Export group nixes VAT exemption as tax...
2 March, 2018 at 11:52
The Philippine Exporters Confederation Inc. (Philexport) has expressed opposition against the classification of value added tax (VAT) exemption as a tax incentive under the second package of the tax reform program, saying this will make exports uncompetitive.
[OPINION] Friends with all
28 February, 2018 at 10:19
Not a few are uncomfortable with President Duterte’s professed “independent foreign policy” most prominently marked by a partiality toward China and Russia, coupled with open antagonism toward some of the Philippines’ longstanding friends.
PCC nullifies Uy-led Udenna’s takeover of 2GO...
26 February, 2018 at 15:00
The Philippine Competition Commission (PCC) nullified Udenna Corp.’s takeover of a Dutch company that owns a majority stake in Negros Navigation Co., Inc.
PAL warns against removal of tax incentives
26 February, 2018 at 11:08
The proposed removal of the tax incentives given to local airline companies will result in higher fares and would weaken their global competitiveness, flag-carrier Philippine Airlines (PAL) warned.
‘Charter review must also focus on economic...
20 February, 2018 at 15:13
The country’s largest business group is concerned the shift to federalism will be prioritized in the review of the 1987 Constitution over making changes in economic policies the business sector has long fought for.
US tax cuts unnerve Asian economies
12 February, 2018 at 18:00
The U.S. move to slash business taxes means Asian economies, which have been promoting themselves on the back of their low tax rates, must review their strategies.
Philexport warns: Bill on security of tenure...
12 February, 2018 at 14:30
Philippine Exporters Confederation (Philexport), the umbrella group of Philippine exporters, has warned that the substitute bill on Security of Tenure and Contractualization could obliterate the country’s micro, small, and medium enterprises (MSMEs).
Competition body zeroes in on 10 sectors...
18 January, 2018 at 16:30
The Philippine Competition Commission (PCC) is embarking on a study of anti-competitive practices in 10 priority sectors that may touch on the impact of a contentious deal involving the country’s telecommunication duopoly.
4 foreign firms eyeing 3rd telco slot
16 January, 2018 at 15:00
Four foreign telecommunication companies had expressed interest in becoming the third telco player in the country, Malacañang said on Sunday.
