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 ]

Becoming Duterte: The Making of a Philippine...

24 March, 2017 at 10:05

President Rodrigo Duterte relishes the image of killer-savior. He boasts of killing criminals with his own hand. On occasion, he calls for mass murder.

Jimenez: Naia expansion better option

22 March, 2017 at 11:54

Jimenez: Naia expansion better option By Ma. Stella F. Arnaldo | March 16, 2017 The government should just expand the Ninoy Aquino

Business wants common train station project fast-tracked

22 March, 2017 at 11:28

Thirteen influential foreign and local business groups in the country have urged the government to fast-track completion of the common train station that would link three major rail commuter lines in the metropolis…

Duterte: I can’t stop China in Panatag

22 March, 2017 at 10:53

President Rodrigo Duterte on Sunday said he would not stop China from building on a disputed shoal near the Philippine west coast because it was too powerful.

PCC backs bills lifting foreign equity cap...

15 March, 2017 at 13:48

The Philippine Competition Commission (PCC) said yesterday it was supporting initiatives in Congress to amend certain provisions in the 80-year-old Public Service Act (PSA) such as the lifting of the foreign equity cap on certain industries including telecommunications and transportation.

Statement of support for President Duterte and...

15 March, 2017 at 11:07

The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions taken by the Duterte Administration to raid stocks of manufactured products with counterfeit internal revenue stamps and thereby promote corporate tax compliance and ensure…

Gov’t open to settle with Mighty

14 March, 2017 at 14:00

President Duterte is open to a compromise with cigarette firm Mighty Corp. which is potentially facing a billion-peso tax evasion case.

P75B nat’l broadband up in ’18

14 March, 2017 at 12:00

The government will need the rest of the year to firm up the national broadband network (NBN) project after President Rodrigo Duterte signed the order for its implementation.

Poor children should finish high school

14 March, 2017 at 09:54

In my opinion, the key explanation for poor performance in reducing poverty is the failure to provide universal high school education to the citizens.

FDI inflows surpass 2016 target

13 March, 2017 at 17:30

The Philippines managed to attract a strong inflow of foreign direct investments (FDIs) in 2016 despite external shocks brought about by the decision of the United Kingdom to leave the European Union and the increase in interest rates in the US.

FDI surges 41% in 2016

13 March, 2017 at 15:43

Actual foreign investment inflows, more popularly known as net foreign direct investments (FDI), soared 40.7 percent year in 2016 to $7.93 billion from the previous year’s $5.64 billion despite global and local policy and market uncertainties.

High stakes

13 March, 2017 at 13:00

It may come as a surprising realization to some who reflect upon it that President Duterte has been in office for only a little over eight months.

DOF chief: No deal with Mighty

13 March, 2017 at 09:45

The tax evasion case being readied against Mighty Corp. will definitely push through while the government computes all of the homegrown cigarette manufacturer’s unpaid taxes for using fake tax stamps, Finance Secretary Carlos G. Dominguez III said yesterday.

Phl may stop exports of unprocessed minerals

9 March, 2017 at 13:00

The Philippines is likely to lose its tag as the world’s top nickel ore exporter as the government may halt the export of unprocessed minerals as part of efforts to revive the country’s iron and steel industry, an official from the Department of Environment and Natural Resources (DENR) said yesterday.

5 China firms eye $10-B PH projects

9 March, 2017 at 10:30

Five Chinese firms are interested to set up shop in the country, promising projects with a total estimated value of at least $10.3 billion (about P518 billion), the Board of Investments (BOI) said Friday.

BY 2030: Manufacturing to triple jobs to...

9 March, 2017 at 08:30

The number of workers in the manufacturing sector is targeted to triple to 10 million by 2030 as industries make a big push for industrialization, according to Roberto Batungbacal, vice president of the American Chamber of Commerce of the Philippines (Amcham).

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