Business Cost News

Measure lifting restrictions on foreigners in business...

27 February, 2019 at 16:46

A measure further relaxing restrictions in Republic Act No. 7042, or the Foreign Investments Act of 1991 (FIA), could be one of the bills that could secure approval in the remaining days…

Transport dep’t calls for groups to bid...

26 February, 2019 at 10:29

The Department of Transportation is inviting groups to bid for the construction of the Malolos-Clark segment of the P777.55-billion North-South Commuter Railway (NSCR) project.

Duterte nixes amnesty for tax cheats

20 February, 2019 at 12:00

There will be no lifting of bank secrecy for tax purposes and no general tax amnesty in April, the deadline for filing of income tax returns.

[OPINION] The Evolution of President Duterte

18 February, 2019 at 13:00

When I’m asked what I think of President Duterte’s performance in office so far, I say that he has evolved in a positive way and that he’s is evolving further but he still has plenty of shortcomings.

[OPINION] Saga of the towers

18 February, 2019 at 11:19

The government has decided a third player is necessary in the telecommunications market to provide fiercer competition. But it’s going to be a difficult task to invade the market.

PH posted record trade deficit of $41.44...

14 February, 2019 at 08:00

The Philippines posted a record trade deficit of $41.44 billion in 2018 as imports climbed while exports dropped last year.

Policy reforms pushed to reinvigorate agriculture sector

12 February, 2019 at 17:02

The Foundation for Economic Freedom (FEF) is urging government to prioritize policy reforms that would help reinvigorate the agriculture sector…

Economic cluster calls for greater focus on...

12 February, 2019 at 11:06

Economic managers are calling on the Department of Agriculture (DA) to boost the farm sector’s performance as the administration continued to work on tempering inflation…

Business groups support gov’t investment liberalization bills

8 February, 2019 at 18:00

Business groups have joined the economic managers’ call for the Congress to swiftly approve three legislative measures aiming to either lift or ease restrictions on the entry of foreign investments…

‘End Endo’ Bill Hurdles Interpellation; Passage on...

7 February, 2019 at 10:18

With the closing of the period of interpellation, the Security of Tenure bill (SBN 1826) is one step away from passing on second reading, according to Senator Joel Villanueva.

Government plans on Hanjin clearer by Q1

4 February, 2019 at 17:00

The government sees itself forging within the first quarter a more concrete position on its plans for debt-saddled Hanjin Heavy Industries and Construction Corp. Philippines (HHIC-Phil).

2018 Corruption Index: Philippines improves 12 notches...

4 February, 2019 at 15:00

The Philippines’ ranking has improved 12 notches in the 2018 Corruption Perceptions Index (CPI) conducted by the global anti-corruption watchdog Transparency International.

Mislatel franchise elevated to plenary, faces further...

4 February, 2019 at 13:00

Anticipating “protracted legal proceedings,” Sen. Grace Poe moved to elevate the pending franchise application of China-linked Mindanao Islamic Telephone Inc. (Mislatel)…

Foreign chambers back FIA changes

1 February, 2019 at 15:00

The Joint Foreign Chambers (JFC) in the Philippines have thrown their support behind amendments to the Foreign Investments Act (FIA) to help the country attract more investors and create jobs.

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