2019

PHL business found ASEAN’s most bullish

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By V. V. Saulon, January 28 2019; Business World https://www.bworldonline.com/phl-business-found-aseans-most-bullish/ Image Credit to Business World BUSINESSMEN in the Philippines turned out to be Southeast Asia’s most confident about the year ahead even as optimism has slipped, with two out of three respondents “very optimistic” about the economy in 2019 after growing revenues by more than five […]

2019

Palace open to new 3rd telco player

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By Julie M. Aurelio and Leila B. Salaverria, January 25 2019; Philippine Daily Inquirer https://newsinfo.inquirer.net/1077299/palace-open-to-new-3rd-telco-player Image Credit to Manila Bulletin The Philippine government may consider looking for another company to serve as a third carrier in the telco industry should Mislatel consortium be found to have no valid congressional franchise, Malacañang said on Thursday. “If they don’t […]

2019

House approves on 2nd reading bill extending tourism enterprise perks

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By Charmaine A. Tadalan, January 24 2019; Business World https://www.bworldonline.com/house-approves-on-2nd-reading-bill-extending-tourism-enterprise-perks/ Image Credit to Philippine Star THE House of Representatives approved on second reading a bill extending the effectivity of incentives granted to tourism enterprise zones (TEZ) for another seven years. The chamber, via voice vote, approved House Bill No. 8861, which will amend Republic Act No. […]

2019

Senate committee studying amendment to foreign investment act

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By Camille A. Aguinaldo, January 24 2019; Business World https://www.bworldonline.com/senate-committee-studying-amendment-to-foreign-investment-act/ Image Credit to Business World THE Senate committee on economic affairs on Thursday opened its inquiry into the bill seeking to amend Republic Act No. 7042 or the Foreign Investments Act of 1991. Senate Bill No. 2102, filed by committee chair Senator Sherwin T. Gatchalian, lowers the […]

2019

BOC: P677-billion goal for 2019 doable

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By Rea Cu, January 25 2019; Business Mirror https://businessmirror.com.ph/2019/01/25/boc-p677-billion-goal-for-2019-doable/ Image Credit to Business Mirror The Bureau of Customs (BOC) has expressed confidence that it will be able to hit its 2019 revenue collection target of P677 billion on the back of reforms that the agency will implement this year. Customs Commissioner Rey Leonardo B. Guerrero said […]

2019

Wage, tax concerns weigh down Japanese firms’ business plans

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By Louella Desiderio, January 23 2019; Philippine Star https://www.philstar.com/business/2019/01/23/1887270/wage-tax-concerns-weigh-down-japanese-firms-business-plans Image Credit to Philippine Star MANILA, Philippines — Fewer Japanese firms operating in the Philippines expect to expand this year and in 2020 compared to the previous year, amid concerns on rising wages and taxation procedures, a survey from Japan External Trade Organization (JETRO) showed. A summary of […]

2019

Banks downplay Hanjin crisis impact

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By Ralf Rivas, January 14 2019; Rappler https://www.rappler.com/business/220951-banks-downplay-hanjin-crisis-impact Image Credit to Hanjin Heavy Industries and Construction Philippines MANILA, Philippines – The biggest loan default in Philippine history will have minimal impact on the public, according to banks and government regulators. Five of the country’s largest banks have a combined loan exposure of $412 million after Hanjin […]

2019

Rice tariffication improving PHL’s WTO standing

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By Janina C. Lim, January 9 2019; Business World https://www.bworldonline.com/rice-tariffication-improving-phls-wto-standing/ Image Credit to Philippine Star THE Philippines’ decision not to extend quantitative restrictions on rice has improved its position with potential trading partners, its World Trade Organization (WTO) representative said. “Our view is that the perception of the Philippines as a trading partner has improved after […]

2018

Senate approves bill extending TIEZA power to grant incentives

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By Camille A. Aguinaldo, December 26 2018; Business World https://www.bworldonline.com/senate-approves-bill-extending-tieza-power-to-grant-incentives/ Image Credit to Business World THE SENATE approved on third and final reading a bill extending the authority of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) to grant incentives to tourism enterprises until Dec. 31, 2029. Senate Bill No. 1616 was approved with 17 affirmative […]

2018

Government lauds WEF gender gap report

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By Bernadette D. Nicolas, December 21 2018; Business Mirror https://businessmirror.com.ph/government-lauds-wef-gender-gap-report/ Image Credit to The New York Times The Duterte administration, exultant following the release of a World Economic Forum (WEF) report that the Philippines was the top Asian country with the narrowest gap between men and women, on Thursday said the government has always believed in […]