GENERAL BUSINESS ENVIRONMENT

INTRODUCTION

The final section of the Arangkada Philippines 2010 discusses a group of challenges the Philippines faces that are not otherwise discussed in the other sections and makes recommendations accordingly. Most of these issues have been discussed in public in recent years, some from the JFC, but many others from Philippine business groups, several of the Philippine Development Forum Technical Working Groups (PDF-TWGs), the National Competitiveness Council (NCC), and other policy advocates.

These issues complete the picture of the Philippine investment climate and include many of the problems which are highest on lists of concerns in investor surveys, including corruption, laws, judicial decisions, local government actions, and others.

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Business Costs

The Philippines measures poorly in most competitive comparisons with the ASEAN-6 economies, and business costs are an important factor underlying these rankings. The following discusses areas where the country has relatively high business costs, as well as some cost factors where the country is more competitive. [ Read This Chapter ]

Foreign Equity & Professionals

In an economy with high unemployment and underemployment, the paramount national interest should be creating jobs in the domestic economy. It follows that attracting more foreign capital, professionals, and technology to create jobs should be a high priority. [ Read This Chapter ]

Duterte OKs joint venture with China

22 August, 2017 at 15:00

President Duterte has given Department of Foreign Affairs (DFA) Secretary Alan Peter Cayetano the green light to pursue joint exploration with regional power China in disputed areas in the West Philippine Sea (WPS).

Philippines may get $433-M grant from US...

22 August, 2017 at 12:00

The Philippines may receive grants amounting to $433 million from the United States’ Millennium Challenge Corp. (MCC) starting next year owing to apparent improvements in governance and other key indicators.

Constitutional amendments needed to boost FDI

22 August, 2017 at 10:16

The government needs to amend the constitution to open up industries currently restricted from foreign participation, to unleash the economy’s full growth potential, economists said.

REPUBLIC ACT NO. 10929 | REPUBLIC ACT...

22 August, 2017 at 09:24

Begun and held in Metro Manila, on Monday, the twenty-fifth day of July, two thousand sixteen.

Foreign investment ‘Negative List’ up for NEDA...

18 August, 2017 at 14:00

President Rodrigo R. Duterte’s first foreign investment negative list up for the National Economic and Development Authority (NEDA) Board approval, a government official said.

[OPINION] Healthcare

18 August, 2017 at 12:00

One of the new laws recently signed by President Duterte increases the penalty imposed on hospital staff and owners who demand a deposit before treating an emergency patient. The fact that we have to pass such a law shows how dysfunctional our national healthcare system is.

[OPINION] Technology, the dragon slayer

18 August, 2017 at 10:00

Companies that don’t have a digital strategy are toast.

Duterte administration needs P10.66 trillon to finance...

16 August, 2017 at 13:49

The Philippine government estimates that it needs to invest around P10 trillion to finance its medium-term goals under the Duterte administration.

Ayala, MVPoffer to fix MRT3

16 August, 2017 at 11:32

Conglomerate Ayala Corp. and businessman Manuel V. Pangilinan’s Metro Pacific Investments Corp. plan to expand their partnership in the light railway business to push for a P12-billion unsolicited proposal to rehabilitate the Metro Railway Transit (MRT3) that traverses Edsa.

[OPINION] Unprocessed Mineral Export Ban

16 August, 2017 at 10:38

In his 2017 SONA, Pres. Duterte threatened, among others, to stop the export of unprocessed mining products. This follows the ban on similar products in 2014 by Indonesia.

DTI to ask for prospective implementation of...

15 August, 2017 at 14:14

The Department of Trade and Industry (DTI) may ask the Department of Finance (DOF) to reconsider the planned removal of the 15-percent preferential income tax rate for individuals currently employed in the regional operating headquarters…

[OPINION] The other side of free tertiary...

15 August, 2017 at 10:15

In 2010 I was involved in a research on youth employment in the Philippines. In one of our focus group discussions with college graduates on their employment opportunities…

[OPINION] How does corruption hurt you?

14 August, 2017 at 13:00

For years the Integrity Initiative tries to create Integrity Nation, a nation where transparency and integrity rule and corruption is no longer part of everybody’s life.

Duterte wants 24-member body to draft new...

14 August, 2017 at 11:30

President Duterte on Wednesday night announced he planned to appoint 24 commissioners to draft a Constitution that would shift the country toward federalism and end the Moro secessionist rebellions in Mindanao.

Tourists from South Korea, US, China lift...

14 August, 2017 at 10:00

South Korea continues to top the list of the Philippines’s major source markets for tourists in the first half of 2017.

Business sector proposes action plan for Philippines...

11 August, 2017 at 16:33

The business community has recommended to the national government five actionable plans aimed to strengthen the Philippines’ competitiveness in Southeast Asia and to improve ease of doing business in the country.

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