Legislation News
Easing restrictions key to attracting FDI —...
16 March, 2018 at 18:00
The Philippines can attract more foreign direct investments (FDIs) by easing restrictions on industries relying heavily on significant technological capability, expanding incentive options by going beyond offering tax holidays…
BMI flags corporate tax reform risk
16 March, 2018 at 16:00
Investments could slow amid uncertainty over planned corporate tax changes, BMI Research said in a March 13 note, noting that the second tax reform package the Finance department submitted to Congress on Jan. 16 could do business more harm than good.
Weak FDI pledges worry Amcham
16 March, 2018 at 12:00
The Philippines is now slowly catching up with its fast growing Asean neighbors in terms of foreign direct investments (FDIs) but American businesses believe the Philippines should be able to attract even higher levels of FDI in the future.
[OPINION] Up in the air until October
16 March, 2018 at 09:54
With mere days to go before Congress goes on its Holy Week break (March 24-May 13), the House of Representatives committee on suffrage approved a proposal to postpone barangay elections to Oct. 8.
Effect on investments made Senate cautious on...
15 March, 2018 at 17:30
Senators on Wednesday said they will not be swayed by calls to rush the passage of the Duterte administration’s second package of the Tax Reform for Acceleration and Inclusion (TRAIN 2) law…
Investments seen taking a hit from second...
15 March, 2018 at 15:30
The country’s rapidly growing foreign direct investment (FDI) inflows—which soared to an all-time high in 2017—could hit a snag this year, as the second tranche of the Duterte administration’s tax-reform agenda is seen to force investors…
Con-com on pace to meet July deadline
15 March, 2018 at 13:44
From 9 a.m. to 4 p.m., Mondays to Thursdays, the 20 members of President Duterte’s consultative committee (Con-com) gather at the Philippine International Convention Center for two or three closed-door subcommittee meetings.
[EDITORIAL] Heed concerns of foreign investors
14 March, 2018 at 14:00
The good news is that the Philippines has been ranked first among countries “worthy of investment,” following a survey conducted by the US News and World Report.
FDIs pierce 2017 goal to hit fresh...
13 March, 2018 at 16:00
Foreign direct investments (FDI) pierced a full-year official target to hit “a record high” last year despite falling to a five-month low in December…
DTI vows protection for sari-sari stores from...
13 March, 2018 at 13:00
The Department of Trade and Industry (DTI) is open to further liberalization of domestic retail trade to full foreign ownership, but seeks to impose minimum capital requirement for the small and micro retailers to protect the lowly sari-sari stores.
Business wary of TRAIN package 2
13 March, 2018 at 10:08
Businessmen viewed the imminent changes in the country’s tax incentives regime under Package 2 of the Duterte administration’s TRAIN (Tax Reform for Acceleration and Inclusion) as creating uncertainty on the part of their business and operations.
Foreign firms push retention of incentives package...
12 March, 2018 at 17:11
The Joint Foreign Chambers (JFC) in the Philippines wants government to retain the incentives package it offers to investors, saying this compensates for the country’s comparative disadvantages with its regional counterparts.
Con-com wants to devolve issuance of business...
12 March, 2018 at 14:00
President Duterte’s consultative committee (Con-com) is bent on recommending changes in the issuance of business permits and licenses as part of the shift to a federal system of government.
Cutting incentives: The sequel to the tax...
8 March, 2018 at 14:00
House Bill 7214, the first bill to contain package 2 of the government’s Tax Reform for Acceleration and Inclusion (TRAIN) program was filed last week by Sultan Kudarat Rep. Horacio P. Suansing, Jr. and Nueva Ecija Rep. Estrellita Suansing.
