Governance News

Duterte fires 2 execs on TV for...

16 October, 2017 at 16:30

President Rodrigo Duterte has ordered the dismissal of two officials of the Pasig River Rehabilitation Commission (PRRC) for delaying the completion of the Metro Manila Skyway Stage 3 Project.

Manila cruise port to open before end...

16 October, 2017 at 15:30

To meet the growing demand for cruise lines in key Philippine destinations, a cruise-port facility will be opening in Manila before the end of the Duterte administration in 2022.

PDEA takes lead from PNP in drug...

16 October, 2017 at 14:30

Amid criticisms of police abuses and accusations of extrajudicial killings related to the drug war, President Duterte has ordered the Philippine Drug Enforcement Agency (PDEA) to take the lead in the administration’s anti-drug campaign.

Foreign investments at one-year low in July

16 October, 2017 at 13:30

The net inflow of foreign direct investments (FDI) plunged to a one-year low in July due mainly to lower investments in debt instruments or lending by parent firms from abroad to their local affiliates to fund existing operations and expansion…

Dominguez sees FDI rising further with infra...

16 October, 2017 at 11:44

Finance Secretary Carlos G. Dominguez III expects foreign direct investment (FDI) inflows to increase further in the coming years as the Duterte administration steps up its efforts to modernize infrastructure and reform business policies.

Senate leaves BPO perks intact in TRAIN

13 October, 2017 at 14:51

Noting that the BPO industry has been one of the country’s biggest job generators, the Senate left intact the Business Process Outsourcing (BPO) industry’s tax incentives to enable the Philippines to continue attracting more investments that would spur employment and economic growth.

DTI chief backs retail trade lib

13 October, 2017 at 11:10

Trade and Industry Secretary Ramon Lopez is supporting the plan to further liberalize the retail trade industry in favor of foreign investors, setting aside the appeals of local business groups who warned this would harm local micro, small and medium-sized enterprises (MSMEs).

Duterte orders PDEA to lead campaign against...

12 October, 2017 at 11:02

President Rodrigo Roa Duterte on Tuesday, October 10, directed the Philippine Drug Enforcement Agency (PDEA) to be the lead agency in the government’s campaign against drugs.

July flows worsen FDIs’ year-to-date fall

11 October, 2017 at 15:15

Net foreign direct investment (FDI) inflows fell for the first time in three months in July to the smallest amount in over a year, according to central bank data yesterday that also showed investors rebalancing to equity capital from debt instruments.

Planned lowering of minimum capital for foreign...

11 October, 2017 at 11:19

The heads of the Philippine Chamber of Commerce and Industry (PCCI) have warned the government’s economic team to tread lightly on the suggestion to lower the minimum retail capitalization for foreign investors from the current $2.5 million to $200,000.

[OPINION] Business model, disrupted

10 October, 2017 at 14:00

If the Philippines were a company, its business model would be facing disruption.

PCCI bucks move to further open retail...

10 October, 2017 at 12:00

The country’s biggest business organization warned against further liberalizing the retail industry in favor of foreign investors, raising caution that this would…

PCCI: Focus on project delivery, not politics

10 October, 2017 at 10:00

Businessmen are urging the Duterte administration to focus on delivering projects instead of letting itself get sidetracked by politics.

Drilon questions NEDA on 90.3% drop in...

10 October, 2017 at 08:00

Senate Minority Leader Franklin M. Drilon expressed alarm yesterday over the capability of the government to attract new foreign investments.

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