Part 4 News: General Business Environment

Trump Embarks on Bilateral Trade Talks to...

19 October, 2018 at 14:16

Fresh off securing trade agreements with South Korea, Canada and Mexico, President Trump is embarking on a new plan: refashioning the Trans-Pacific Partnership to his liking through a flurry of bilateral trade deals.

Corporate Income Tax Reform Bill to create...

19 October, 2018 at 10:25

Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under the second package of the comprehensive tax reform package…

‘Trabaho’ bill hangs till jobs data finished;...

18 October, 2018 at 10:26

Until the study on its labor impact is completed, all discussions about the next-round reforms in the comprehensive tax package, as embodied in the so-called Trabaho bill, are suspended…

[OPINION] Reforming the PPP Model

18 October, 2018 at 10:00

Responding to concerns of alienating the private sector, Secretary Dominguez III said the administration welcomes unsolicited proposals, since the private sector would have a better grasp in identifying potential problems…

Economic execs turn cautious on targets

18 October, 2018 at 08:00

The Development Budget Coordination Committee (DBCC) on Tuesday slashed economic growth and fiscal goals and raised inflation forecasts in the face of tighter credit conditions, rising oil prices and a worsening Sino-US trade row.

[OPINION] TRABAHO: Setting free an urgent reform

17 October, 2018 at 17:00

The House of Representatives passed the Tax Reform for Attracting Better and High-Quality Opportunities or TRABAHO Bill in early September.

Companies seen looking for ‘exit strategies’

17 October, 2018 at 15:33

PwC Philippines said some of its clients were now asking for “exit strategies” amid concerns about the government’s second tax reform package.

JFC Statement on House Bill 4067 –...

17 October, 2018 at 15:27

In 1991, the Foreign Investments Act (FIA) or Republic Act 7042 (amended in 1996 by RA 8179) was enacted liberalizing the entry of foreign investments into the country by opening the domestic market to 100% foreign investment projects except…

Teddy Boy Locsin accepts DFA post offer

17 October, 2018 at 13:00

Teddy Boy” Locsin Jr., the country’s permanent representative to the United Nations, has accepted the offer of President Rodrigo Duterte to become the next Secretary of the Department of Foreign Affairs (DFA).

PHL found among most improved in global...

17 October, 2018 at 11:42

The Philippines placed fifth among the nine economies of the Association of Southeast Asian Nations (ASEAN) covered by the Global Competitiveness Report 2018-2019, which measures a country’s standing

Duterte’s Luster Dulls as Rice Prices Soar...

15 October, 2018 at 18:00

Through controversy after controversy, President Rodrigo Duterte of the Philippines has always been able to count on his appeal among the nation’s poor. But soaring prices for staples like rice are starting to alienate that vital base of support.

FDI inflows in July rise to $914...

15 October, 2018 at 17:00

Foreign investors were eager to put their money in the Philippine economy in hopes for long-term economic gains at the start of 2018’s second half, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.

Vietnam to remove 49% foreign ownership cap...

15 October, 2018 at 15:00

Vietnam plans to remove restrictions on foreign ownership of state-owned and listed companies by the end of 2019, as Hanoi looks to open its capital-hungry economy further in order to sustain rapid growth.

‘Trabaho’ bill could cost local firms P298...

15 October, 2018 at 13:00

Local firms might be in support of the Trabaho bill—the second part of the tax-reform package now pending in Congress—but they could be committing a fatal mistake, in the view of the Philippine Economic Zone Authority.

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