As the proposed emergency powers for President Aquino has been losing its appeal, three business groups have set forth recommendations for the creation of a public-private sector steering committee that could jointly address the foreseen power supply shortfalls in 2015 and 2016.
Despite impressive statistics, the current trade and investment relations between the Philippines and the European Union remain somewhat below their real potential. Significant policy and regulatory improvements have been made in many areas and the Philippines has managed in recent years to achieve strong economic performance.
Companies may soon pay reduced income taxes for ten years, instead of enjoying income tax holidays (ITH) for four years, Trade Secretary Gregory L. Domingo said on Tuesday.
The country is likely to meet the targets set for the industry and services sectors under the Philippine Development Plan (PDP) 2011-2016, the National Economic and Development Authority (NEDA) said over the weekend.
The government is open to hold more dialogues with the business community on how to further enhance the country's business climate and attract more investors.
German national Dietmar Dan Braun was still a manager at the E-learning Division of the World Bank, he traveled for the first time to Manila and found here a place where he could see himself retiring.
The Philippines has continued its advance in competitiveness in the latest annual report of the World Economic Forum, riding on the impact of reforms that have enabled the country to make the biggest gains among economies tracked since 2010.
Various government agencies are set to implement new measures to help ease congestion in key Metro Manila ports, a Palace official said.
Industry Groups are apprehensive over an order instructing importers and brokers to withdraw their overstaying Customs- cleared containers in Manila ports by Sept. 8.
Business groups on Thursday welcomed the faster-than- expected economic growth in the second quarter amid the truck ban and port congestion in Manila, and other issues like questions about the stability of power supply and prices.
IT is important to get ready for the Asean Economic Community (AEC), which is scheduled to start on January 1, 2016.
The European Chamber of Commerce of the Philippines (ECCP) is pushing for the rationalization of the registration process for foreign investments, noting that bottlenecks in such procedures dampen the country's business climate.
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