As if the warning of foreign trade groups about the vacillating policies of government turning away investors, foreign direct investments (FDI) recorded a net outflow of $78 million in March which means that more foreign capital were withdrawn from rather than infused into the country, Bangko Sentral ng Pilipinas (BSP) figures released yesterday showed.
The Philippines is getting crumbs in terms of foreign investments compared to its neighbors in the region and foreign trade groups said untractable policies mixed in with the persistent corrupt practices in the government were the main reasons investors pouring in capital into Asia are bypassing the country.
Cebu, Philippines - The Philippines will be able to take strides with its long-time bid for “brain gain†if it were to implement programs that encourage Filipinos to stay home while earning dollars and maximizing the growing virtual job demand, a chamber official said.
Manila, Philippines - It is not enough that countries have sufficient food today; it is important to ensure that there will continue to be sufficient food tomorrow.
The ECCP fully supports the anti-corruption agenda of the President to create a level playing field that will benefit every Filipino. Together with the Makati Business Club, The ECCP has been spearheading the Integrity Initiative since 2009.
The inefficiency of the Executive Department is at its highest when one goes to the airport. Arriving from Hong Kong on a PAL flight, we were greeted by an airport without airconditioning. Long lines were lined up at the Immigration counters. It took time for the baggage to come out.
Energy supply stability remains a major concern for business groups even as President Aquino had assured them that by 2015 the power supply will become adequate, particularly in Mindanao where daily brownouts are putting industries on edge.
Last Friday in Davao, as vice chair of Integrity Initiative, an undertaking launched by the Makati Business Club, European Chamber of Commerce of the Philippines, Management Association of the Philippines, American Chamber of Commerce of the Philippines and the Asian Institute of Management in response to the Aquino Administration's crusade for good governance in 2010, I declared to the Davao Chamber of Commerce and Industry that the private sector no longer considers corruption ''business as us
A ranking official of the European Chamber of Commerce of the Philippines (ECCP) on Saturday warned the government it might lose its foreign investors because of its abrupt policy changes.
The European Chamber of Commerce of the Philippines (ECCP) is inviting key players from the real-estate industry to join Expo Real, the 16th International Trade Fair for Property and Investment. The event will take place from October 7 to 9 in Munich, Germany.
The American Chamber of Commerce of the Philippines (AmCham) has joined hands with the European Chamber of Commerce of the Philippines (ECCP) in pressing for stronger action against smuggling to encourage foreign investments.
Calling on the government to ramp up work to catch and prosecute smugglers, the European Chamber of Commerce of the Philippines (ECCP) said in a statement that oil smuggling alone has reached about P6 billion while the smuggling of various commodities were equivalent in value to about 30 percent of current imports.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.