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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreIF the Philippines does not adjust its outdated taxation system, the country will find itself at a disadvantage when the Asean economic integration begins to fully kick in, the European Chamber of Commerce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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreSluggish government spending slowed the growth of the Philippine economy during the first quarter of the year to 5.2 percent - the slowest since 2012.
Read MorePERSISTENT delays in the implementation of vital infrastructure projects intended to support an expanding economy slowed the growth of the country’s gross domestic product (GDP) during the first quarter to a disappointing 5.2 percent â€" the lowest rate since 2012.
Read MorePhilippine economic growth in the first quarter of 2015 decelerated to a 3-year low of 5.2% year-on-year, prompting economists and business leaders to warn that the country might struggle to realize its full-year growth target of 7% to 8%.
Read MoreThe House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets.
Read MoreThe House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets.
Read MoreA coalition of local and foreign business groups has issued a list of critical reforms which they said should be in place immediately to achieve inclusive growth.
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