The European Chamber of Commerce of the Philippines Inc. (ECCP) said both laws would form part of the Aquino administration’s legacy as the government would be able to create a more level playing field and offer cost reductions in domestic shipping.
Speaking for the European Chamber of Commerce of the Philippines, Chamber President Michael Raeuber said several issues continue to worry European businesses. “The government is not honoring some of its commitments under VAT refund and is thereby withholding large amounts of working capital from investors,†Raeuber said.
With less than a week to go before his valedictory State of the Nation Address, President Benigno S. C. Aquino III yesterday signed into law a measure that aims to level the country’s playing field and another that seeks to do so particularly in the shipping industry, taking twin steps forward in the government’s bid to further improve the country’s business climate.
International business groups have advised the Philippines to re- examine some of its policies to attract the inflow of more foreign direct investments (FDI) in the country.
Gov’t urged to open more sectors to foreigners
Crime incidents in the country have gone up by nearly half in the first six months of the year, latest figures of the Philippine National Police (PNP) showed.
The energy sector has been identified as a focus area of the continued bilateral exchange between the European Union (EU) and the Philippines over the next few years, officials said yesterday.
Michael Raeuber, president of the European Chamber of Commerce of the Philippines (ECCP), said the EU and the Philippines both consider energy as an important sector that can provide opportunities for cooperation, experience sharing, and technology transfer between the two parties.
We are often asked why the European Chamber of Commerce of the Philippines (ECCP) is involved in advocacies like infrastructure, energy and water, VAT refunds or excessive regulations.
The European Chamber of Commerce of the Philippines (ECCP) and many of its members are strong supporters of Asean's regional economic integration process.
The Tourism Promotions Board (TPB) has lined up a series of sporting events across the country in the final half of the season as part of its Visit the Philippines Year 2015 campaign program.
The lifting of economic restrictions by Vietnam would no doubt give Vietnam an edge over the Philippines when it comes to attracting FDI.
Serving the European-Philippine business community since 1978, the ECCP remains committed to enabling cross-sector collaboration, promoting economic growth, and championing a sustainable future. For inquiries or further information, you may contact us directly or connect with us through our official social media channels.