The tollways arm of Metro Pa-cific Investments Corp. is hoping that its petitions for toll-rate increase before the Toll Regulatory Board (TRB) will be approved before it jump-starts its multibillion-peso expansion initiatives for the North Luzon Expressway (Nlex).
I met up with Bill during the European Chamber of Commerce of the Philippines (ECCP) annual Golf Challenge during the month of May. He has been its tournament director for the longest of time. Prior to that, he was also the ECCP chairman for four years.
Leadersof the House of Representatives retreated from a fight to make it easier for foreigners to own land after they refused to put to a vote a move to lift the Constitution’s economic provisions.
The House of Representatives failed last night to approve on third and final reading a landmark resolution seeking to ease the restrictive economic provisions of the 1987 Constitution.
The second regular session of the current 16th Congress ended yesterday with three bills deemed priority by Malacañang and business approved on final reading and two of these now awaiting signing into law.
The government will need to relax more sectors in the Foreign Investment Negative List (FINL) to attract investments and create competition, foreign business groups said.
The leadership of the Catholic Church in the country has turned its sights on moves to lift restrictions on foreign participation in industries and other sectors, putting it at loggerheads with the business community.
The European Chamber of Commerce of the Philippines (ECCP) said the Philippines has to adjust its taxation system or it will be at the losing end when the Association of Southeast Asian Nation (Asean) integrates.
IF the Philippines does not adjust its outdated taxation system, the country will find itself at a disadvantage when the Asean economic integration begins to fully kick in, the European Chamber of Commerce of the Philippines (ECCP) warned on Thursday.
The Philippine business groups and Joint Foreign Chambers (PBG-JFCs), a coalition of 14 local and foreign business groups, is now seeking amendments to the proposed bill on corporate tax incentives to make it really more favorable to the private sector.
The Philippine Business Groups and Joint Foreign Chambers (PBG-JFCs), a coalition of 14 local and foreign business groups, wrote the House and Senate Committees on Ways and Means to express support for the draft or amended version of the proposed Tax Incentives Management and Transparency Act, also known as TIMTA.
Sluggish government spending slowed the growth of the Philippine economy during the first quarter of the year to 5.2 percent - the slowest since 2012.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.