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.

[ Read This Chapter ]

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 ]

EU investors get immune to Duterte rhetorics...

19 October, 2017 at 14:00

European investors in the country have learned to discount or becoming immune to the rhetorics and outbursts of President Duterte, the last time calling for the expulsion of EU diplomats for interference…

Indonesia Hunts For Investors for Projects Worth...

19 October, 2017 at 11:32

Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources…

[OPINION] ROW problems delay infra projects

18 October, 2017 at 16:30

I got this e-mail from an old friend who had worked on various government infrastructure projects. He confirmed my worst fears about why Build Build Build seems to be stranded.

[EDITORIAL] Better climate for investment

18 October, 2017 at 15:30

There’s an interesting debate on foreign investments going on between the Duterte administration and its critics. While an opposition senator, Franklin Drilon, raised an alarm over the 90-percent decline in new foreign investments as of last June…

[OPINION] Can We Spend, Spend, Spend?

18 October, 2017 at 14:21

After a lengthy legislative exercise, the Senate released a Committee Report last month that consolidated 31 different bills on the Tax Reform for Acceleration and Inclusion (TRAIN).

No destabilization threat to Duterte administration, says...

18 October, 2017 at 11:34

The military sees no major threat to the administration, despite President Rodrigo Duterte’s continued reference to destabilization efforts that he says could push him to set up a revolutionary government.

[OPINION] All cracked up

17 October, 2017 at 14:54

A diplomat who watched President Duterte perorating against the European Union last week said the remarks were so incredible he felt like cracking up.

PH growth to ease in 2018

17 October, 2017 at 13:32

Political noise is seen slowing the Philippines’ growth even as macro fundamentals remain solid and supportive of sustained economic expansion compared to regional peers, London-based economic research firm Capital Economics said.

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.

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