“We have been asking for a level-playing field for foreign investors for decades; some adjustments have happened but the Philippines remains less friendly to foreign investors than competing countries (Vietnam is taking advantage of this),†said Henry Schumacher, executive vice president of the European Chamber of Commerce of the Philippines .
Aquino’s final Sona dwelled heavily on his administration’s achievements on the economic front, including several credit rating upgrades from international debt watchers, unprecedented growth of the country’s gross domestic product (GDP), as well as rapid job creation, among other achievements.
The development arm of the Ayala group in the energy sector is in favor of the Department of Energy (DOE) circular that requires competitive selection process (CSP) in securing power-supply contracts.
View from the 19th floor, the Data Privacy Act of 2012, or Republic Act 10173, that became law on September 8, 2012, is the Philippines's first data privacy law. The law protects individual personal information in information and communications systems in the government and private sector. It mandates the creation of a National Privacy Commission (NPC) to administer and implement the provisions of law, and to monitor and ensure compliance with international standards for data protection.
The Aquino government, which formally enters its final year with the President’s State of the Nation Address today, has raised the bar for successors in terms of better governance, but much remains to be done to make the country a compelling case for investments, business leaders noted over the weekend
Three foreign business chambers that crafted last year a special “investment corridor†in southern Mindanao appeared to have struck gold as they announced that they are bringing on Friday some 25 foreign business executives to industrial and processing sites here and in two other adjacent towns.
Local and foreign business groups listed down political and economic reforms they want President Benigno Aquino III to address in his farewell State of the Nation Address (SONA) on Monday, July 27.
President Benigno Aquino III will seek to inspire Filipinos on his sixth and final State of the Nation Address (SONA) on Monday, hoping to emphasize the "significant change" resulting from a "new way of doing things" under his watch.
"It has always been ECOP’s advocacy to amend the restrictive and punitive provisions in the 4 decade old Labor Code crafted during Martial Law years to align our labor policies with the rest of ASEAN and enhance our competitiveness, " Lacson said.
" Although the ambition level [of the regional economic unification is less than the EU - with common currency and all that - it is an important first step to start trading more with newer markets in Europe and in other parts of the world. " ECCP Vice President Erik Moller Nielsen told the BusinessMirror.
Hi-tech products were on full display during the European Chamber of Commerce of the Philippines Energy Smart Philippines 2015 at the SMX Convention Center in Pasay City.
Four new publications are added to the collection of the Materials Library at the Materials Innovation Centre (MATIC). These provide designers, product developers and students with more resources that heighten their creativity and innovation.
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