Part 4 News: General Business Environment
3 Philippine islands on Condé Nast Traveler’s...
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
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.
[OPINION] Our two economic legs
11 October, 2018 at 13:19
Our economy has been standing precariously on two legs all these many decades — OFW remittances and BPO earnings. Both have provided jobs to Filipinos many of whom would otherwise be jobless.
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.
Legislative Tracker – September 2018
10 October, 2018 at 16:40
Legislative Priorities — September 2018
Legislative Tracker — September 2018
JFC Letter to Rep. Jesus Sacdalan on...
10 October, 2018 at 16:26
The Joint Foreign Chambers of Commerce of the Philippines (JFC) writes to support the passage of a bill creating an independent airport authority as contained in House Bills 6327 and 7306.
JFC Letter on Direct Remittance to LGUs...
10 October, 2018 at 16:17
We would like to express our appreciation for your committee’s effort to initiate deliberation on House Bills 1533, 2581, and 2995 – providing for the direct remittance…
‘Trabaho’ bill to stem job generation in...
10 October, 2018 at 16:05
The latest tax reform bill championed by the country’s economic managers could result in tepid hiring of new workers in the business process outsourcing (BPO) industry by the year 2022—or just 300,000 vacancies…
JFC Statement on House Bill 4067 –...
10 October, 2018 at 15:53
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 project…
House panel OKs bill establishing fiscal regime...
9 October, 2018 at 10:43
A House of Representatives committee on Monday approved a bill establishing the fiscal regime for the mining industry.
Ecozone investments drop 55% to P88 B...
8 October, 2018 at 17:00
Investments registered with the Philippine Economic Zone Authority (PEZA) declined 55 percent in the nine months to September this year from a year ago on continued concerns over the government’s plan to rationalize fiscal incentives…
