European businessmen are beginning to look at the Philippines again despite some soured investments in the past, the latest one a $200- million aviation equipment supply of a French firm that has been put on hold.
In the wake of the controversies generated by the sin tax reform bill, European businessmen said the Philippines should comply with a ruling of the World Trade Organization (WTO) or face retaliation from the European Union.
Dismayed over the Senate sin tax version, the European Chamber of Commerce and Industry has warned that the country's exports of tuna and its benefits under the Generalized System of Preferences (GSP), which grants duty-free entry of exports to Europe, would face retaliatory action saying the Senate version does not comply with the ruling of the World Trade Organization.
European businessmen are now moving forward in their investment plans in the Philippines as they see a fresh start in the economic relations between the Philippines and Europe with the forthcoming visit of French Prime Minister Jean-Marc Ayrault, the first European head of state to visit the country in many years.
Italian companies have expressed their interest to invest in the Philippines and participate in the country's Public-Private Partnership (PPP) Program eyeing smaller projects.
NO ANNEXES YET: With the debate and the writing of annexes still ongoing, why is Malacanang rushing the signing on Monday of the government’s transition agreement with the Moro Islamic Liberation Front for the creation of an enlarged autonomous Bangsamoro in Mindanao?
A system allowing patients’ medical records available in all hospitals is being developed, with a health coalition made up of foreign Chambers of Commerce readying initial implementation by next year.
The Retirement & Healthcare Coalition said the project, composed of the American, European, Japanese and South Korean chambers in the country, is part of initiatives to make the Philippines a preferred haven for foreign retirees.
The Philippine Solar Power Alliance (PSPA) is looking at partnering with real estate developers and make available solar photovoltaic (PV) rooftop panels in their new projects, Tetchi Cruz-Capellan, the group founding president, told reporters on Wednesday.
The Procurement and Supply Institute of Asia (PASIA) will host the 2012 Annual Global Procurement and Supply Management Conference & Exhibit slated on Nov. 27 to 28 at Marriott Hotel in Manila.
President Aquino’s anticorruption drive is gaining traction, thanks to the Integrity Initiative launched two years ago by the business community to involve private companies in the campaign against corruption in the private sector.
Member countries of the Asia-Pacific Economic Cooperation (APEC) have declared their renewed commitment to fight corruption in government in a recent meeting in Vladivostok, Russia.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.