Many in the business community are hoping that Malacañang would truly imbibe a true sense of urgency and make good on its promise to finally raise infrastructure spending.
In a world where short-term gain seems to be more attractive than long-term sustainability, in a business environment where a business deal needs end-less pages of legal language that can easily be circumnavigated if wanted, it may be necessary to focus attention on the historic principle of the 'honorable merchant' and 'preserve the virtues and decency of the honorable merchant'.
At least eight banks and insurance companies have expressed interest to expand and invest in the Philippines, Trade Secretary Gregory Domingo said Tuesday.
It’s like changing horses in midstream. So say European businessmen when they demanded the government honor its contractual obligations on top of the 22 reforms they want to push and implement.
Seven groups making up the European Chamber of Commerce of the Philippines (ECCP) yesterday submitted to the Trade department an advocacy paper that spelled out investor concerns, a few of which they hope would be acted on before the current administration ends its term on June 30 next year.
European businesses have come up with recommendations for the government including relaxation of foreign ownership restrictions as well as the passage of the competition law and customs modernization and tariff law to promote stronger trade and investment ties between the European Union (EU) and the Philippines.
European investors have submitted Advocacy Papers containing specific recommendations top-billed by issues of further opening up the domestic economy particularly the public utility sector to foreign investors as well as the passage of some crucial reform bills to ensure competitive environment to foreign business.
The chairman of the House Committee on Ways and Means on Sunday said the Joint Foreign Chambers (JFC) and Philippine business groups are asking the lower chamber to prioritize the passage of several economic bills in the remaining months of the Aquino administration.
The country's largest umbrella of business organizations, the Philippine Chamber of Commerce and Industry (PCCI) under the leadership of president Alfredo Yao and chairman lawyer Miguel Varela organized the 40th Philippine Business Conference and Exposition (PBC) with the theme Proudly Pinoy: Partnering Towards Sustained Growth.
Manila, a busy capital in Southeast Asia, was still asleep when James Lopez, a 24-year-old tech specialist, rose from his soft bed. His senses were still fighting the sandman’s magical sand and his will to go as early as he could before the traffic in the city becomes a nightmare.
Newly appointed elections chief Andres Bautista is expected to breeze through the confirmation process in the Commission on Appointments (CA).
Foreign business groups plan to submit an updated list of priority measures to President Benigno S.C. Aquino III before his final State of the Nation Address in July in a bid to hone the reform focus of his administration as it enters the homestretch
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.