Being a country with a huge coastline next only to the US, the Philippines has a big potential in coastline-development projects that could generate a wide variety of economic activities.
Concern over the Executive’s proposed revisions to revenue sharing with mining firms has spilled beyond the industry, with business groups saying the changes could make the country lose to competitors.
More than 150 executives from various locator-companies and investors in this free port signed the Integrity Pledge on Friday, marking another significant milestone for the Subic Bay Metropolitan Authority (SBMA) in its fight against corruption.
Subic Bay Freeport, Zambales - A significant milestone was achieved in this Freeport recently when more than 150 corporate executives of various investment firms, here, signed the “Integrity Pledge†or IP to help the Subic Bay Metropolitan Authority (SBMA) fight corruption.
The Supreme Court yesterday altered its July 2014 ruling that struck down parts of the Disbursement Acceleration Program (DAP) as unconstitutional, providing what the government’s budget chief saw as spending leeway to help the economy hit the official growth target for this year.
The 2014 performance made the Philippines the second- fastest-growing Asian country after China, which had 7.3 percent, and ahead of Vietnam’s 6 percent, according to Balisacan. It is sad that the government is now choosing to compare the Philippine economy with Vietnam’s when we used to be more prosperous than fellow Asean members Thailand, Indonesia and Malaysia.
More than 150 executives from various locator-companies and investors in this free port signed the Integrity Pledge on Friday, marking another significant milestone for the Subic Bay Metropolitan Authority (SBMA) in its fight against corruption.
The country's boatbuilding industry has urged government to impose a tax-free importation of boats and repeal its antiquated laws, including the Cabotage Law, to develop the country's boat-building and marina industry.
The ECCP supports the Philippine Government and the DOE in particular in its commitment to sustainable development by saying YES to Renewable Energy.
If the Philippines can build ships, it could certainly build boats.
The Philippine maritime industry is very way behind in commerce and tourism compared to those in other countries because of severe lack of investors in the sector; obsolete cabotage law; and lack of government subsidies for those in the shipping and boat business.
The Philippine government should consider lowering the duties on importation of watercraft and review antiquated laws on the maritime industry to spur growth in the local boating industry.
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.