Foreign Equity and Professionals News
‘Trabaho’ bill hangs till jobs data finished;...
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
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…
[OPINION] TRABAHO: Setting free an urgent reform
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.
JFC Statement on House Bill 4067 –...
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
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...
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
FDI inflows in July rise to $914...
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...
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...
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.
House moves to relax foreign business hurdles
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,...
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...
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.
As is, ‘Trabaho’ bill could cause 30,000...
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
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.
