Gov’t readies 2nd tax reform package

11 December, 2017 at 17:00

The Department of Finance early next year will seek Congress’ speedy approval of a number of tax measures, including the second reform package that will cut corporate income taxes as well as review the sin tax regime.

Government launches online database for business

6 December, 2017 at 16:00

The government formally launched yesterday an electronic database intended to help streamline the registration and renewal process for business permits.

Contraction in IT-BPM investments slowing

1 December, 2017 at 10:36

The decline in IT-BPM investments has narrowed further into single-digit level in the first 10 months of the year, showing signs of improvement after months of sustaining huge drops in pledges, data showed.

Executive Secretary green lights set up of...

6 November, 2017 at 08:00

The Office of the Executive Secretary has recommended to President Duterte the issuance of presidential proclamation for the setup of 25 new ecozones, according to the Philippine Chamber of Commerce and Industry (PCCI).

Malacañang approval of new ecozones still hangs

25 October, 2017 at 10:42

Despite increasing public pressure to pick up the pace, Malacañang has barely progressed on the backlog of economic zones pending approval, reflecting a combined value of P500 billion worth of investments that could not move forward due to the delay.

Delays in ecozone approvals derail P500 B...

24 October, 2017 at 17:30

The country risks losing some P500 billion worth of investments due to the persistent delays in the proclamation of new economic zones, the Philippine Economic Zone Authority (PEZA) said.

Japan businesses wary of tax reform impact...

23 October, 2017 at 17:00

Japanese businesses are “watching carefully” how Philippine tax reform plays out, and focusing on those provisions that seek to remove incentives being enjoyed by locators at Philippine economic zones.

[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] BPO sector at risk

22 September, 2017 at 16:37

A series of events during the past months is nibbling at our once-unshakeable optimism for the country’s business process outsourcing industry.

Investment pledges climbed 89.4% in first 7...

30 August, 2017 at 18:00

The Philippine Economic Zone Authority (Peza) on Tuesday reported an increase of investment pledges by 89.4 percent in the first seven months of the year, driven by aggressive ecozone development.

Revenue loss due to tax perks down...

28 July, 2017 at 13:00

Activities related to the country’s top dollar earners—business process outsourcing and electronics—cornered the bulk of tax incentives given away by the government in 2015 totaling P104.4 billion, latest Department of Finance data showed.

Foreign Investment pledges imperilled

4 July, 2017 at 10:20

Foreign investment pledges secured by the country are on the verge of being pulled out as delays on the proclamation of new economic zones have resulted in applications piling up in the Office of the President (OP).

5-mo BPO investments down 35%

30 June, 2017 at 14:56

Amid fears of political uncertainty under the Duterte administration, new IT-BPM investments registered under the Philippine Economic Zone Authority (Peza) have fallen by more than a third in the first five months of the year, showing “alarming” signs…

Investment priorities seek to make growth inclusive

19 January, 2017 at 10:59

Incentives will be granted to new ventures that will help spread the benefits of the country’s fast economic growth to the countryside, according to the current administration’s draft first Investment Priorities Plan (IPP) shown to reporters yesterday.

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