The first Southern Mindanao Growth Corridor (SMGC) investment forum officially opened here at the Marco Polo Hotel on Friday, September 19. It was participated by local and foreign chambers, business groups, and financial institutions from Mindanao, the rest of the country, and abroad.
Congress will not rush the proposed lifting of economic restrictions enshrined in the Constitution, despite being a priority legislative measure and a long-standing concern of investors, leaders of both chambers said last week.
The private sector is pushing for energy efficiency initiatives and development of the renewable energy (RE) projects to meet the country’s growing power demand.
Mayor Joseph Estrada announced the indefinite lifting of the daytime truck ban beginning 12 noon on Saturday.
Business groups and other sectors hailed the lifting of the truck ban in Manila yesterday but stressed a long-term plan of action is needed to address congestion at the ports.
Three months since its inception, the Investment Ombudsman Team (IOT) is looking into expanding its mandate to include policy mediation and dialogue between the government and private sector, in a bid to improve investor protection in the country.
The Philippines is a country of enormous potential because of its rich mineral resources, which, sadly, remain largely untapped because of poor policy and regulation, said John Forbes, president of the European Chamber of Commerce of the Philippines (ECCP).
As the proposed emergency powers for President Aquino has been losing its appeal, three business groups have set forth recommendations for the creation of a public-private sector steering committee that could jointly address the foreseen power supply shortfalls in 2015 and 2016.
Despite impressive statistics, the current trade and investment relations between the Philippines and the European Union remain somewhat below their real potential. Significant policy and regulatory improvements have been made in many areas and the Philippines has managed in recent years to achieve strong economic performance.
Companies may soon pay reduced income taxes for ten years, instead of enjoying income tax holidays (ITH) for four years, Trade Secretary Gregory L. Domingo said on Tuesday.
The country is likely to meet the targets set for the industry and services sectors under the Philippine Development Plan (PDP) 2011-2016, the National Economic and Development Authority (NEDA) said over the weekend.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.