European businessmen said they are closely watching the developments of the “water contracts†between Metropolitan Waterworks and Sewerage System (MWSS) and the water concessionaires as they continue to harp on government to honor contracts and not to change horses midstream.
The Finance and Trade departments have finally reached consensus on a monitoring scheme for tax incentives given to export firms, eight months after talks on an incentives measure started at the House of Representatives.
The Navotas representative pointed out that since no case has yet been filed against Binay before the Sandiganbayan, there is no basis for the AMLC to say that the money in Binay’s bank accounts is ill-gotten.
“Metro .Carmageddon’ and the subsequent port congestion has started to take its toll on the public approval ratings of the once highly popular President during the homestretch of his term.†- Ducky Paredes
Philippine officials called on Sunday for criminal penalties for factory owners who violate safety standards days after a deadly fire at a footwear plant claimed 72 lives.
"Which of the countries can boast of embracing the world so fully, with its body in Asia, its spirit in North America and its soul in Latin Europe?"
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.
Serving the European-Philippine business community since 1978, the ECCP remains committed to enabling cross-sector collaboration, promoting economic growth, and championing a sustainable future. For inquiries or further information, you may contact us directly or connect with us through our official social media channels.