Part 4 News: General Business Environment

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.

[VIDEO] Philippine Seaports and Shipping RTD |...

23 February, 2018 at 10:29

Closing Remarks by Ms. Doris Magsaysay-Ho during the roundtable discussion on Philippine Seaports and Shipping last February 21, 2018.

‘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.

Chief justice talks of reform hopes amid...

20 February, 2018 at 11:56

A modernized, more efficient judiciary should result from reforms that Chief Justice Ma. Lourdes P.A. Sereno hopes will come to fruition in her time at the helm of the country’s highest court…

Tax Incentives for Foreign Investment in Vietnam

19 February, 2018 at 15:00

Foreign investors considering the Vietnamese market are often drawn by its competitive costs. Vietnam’s low wages have traditionally provided these cost savings; however, the country has also quietly developed one of the most competitive tax regimes…

Electronics exporters to raise CTRP-2 issues with...

19 February, 2018 at 13:00

Leaders of the country’s top exporting industry will meet with Finance Secretary Carlos G. Dominguez III next week to discuss their concerns over some of the provisions in the second package of the Comprehensive Tax Reform Program (CTRP).

New incentive system to attract high-tech industries

19 February, 2018 at 10:54

The new tax reform package proposed by the Department of Finance (DOF) is designed to establish a tax incentives system that would attract investments in high technology and advanced industries.

Gov’t gets P350-B offer for NAIA rehab

15 February, 2018 at 14:00

A consortium composed of some of the country’s biggest conglomerates has submitted to the government a P350-billion unsolicited proposal for the rehabilitation, operation and maintenance of the Ninoy Aquino International Airport (NAIA).

SEC warns foreign nationals against engaging in...

15 February, 2018 at 11:17

The country’s corporate regulator is warning foreigners against engaging in retail trade in the country, after receiving reports some entities owned or partly owned by foreigners are doing business without proper registration.

FDIs top 2017 target as of November

14 February, 2018 at 13:00

Foreign Direct Investments (FDI) to the Philippines surged anew in November amid strong interest in debt instruments and equities, taking year-to-date inflows beyond the $8 billion expected by the Bangko Sentral ng Pilipinas (BSP).

P350B NAIA airport upgrade proposed

14 February, 2018 at 11:01

A P350-billion unsolicited proposal to upgrade the Ninoy Aquino International Airport (NAIA) and transform it into a “world-class” regional aviation hub has been submitted to the government…

Work on new mining taxes begins

13 February, 2018 at 10:00

The government is moving closer to lifting the ban on new mining projects as the interagency Mining Industry Coordinating Council (MICC) works out a new tax regime for the mineral industry…

China’s high-speed railway ambitions hit snags

13 February, 2018 at 08:00

Exports of high-speed railway systems by China to Southeast Asian nations are lagging behind schedule due to trouble with importers over the sharing of costs and delays in the procurement of land.

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.

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