2019

NEDA highlights three policy reforms that will assist foreign investment

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By NEDA DIS-PRD, loc. 103, February 27 2019; NEDA TODAY http://n-today.neda.gov.ph/2019/02/27/neda-highlights-three-policy-reforms-that-will-assist-foreign-investment/ Image Credit to NEDA TODAY OSAKA—Three major policy reforms that are already undergoing legislative process will assist foreign investment in the Philippines, said the National Economic and Development Authority. “Besides our growth story that tells of the Philippine economy’s higher growth trajectory, there are several […]

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 […]

2018

Policies for SMEs to protect their business

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By Henry J. Schumacher, November 27 2018; Business Mirror https://businessmirror.com.ph/policies-for-smes-to-protect-their-business/ Image Credit to Rappler Small and midsize businesses are increasingly being targeted by cybercriminals—but they often lack the resources and expertise to develop comprehensive security policies to help defend against threats. These companies also have done little yet to fully comply with the Data Privacy Act […]

2018

PH, China pursue development of energy sources in sea

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By Christine O. Avendaño, November 21 2018; Philippine Daily Inquirer https://globalnation.inquirer.net/171488/ph-china-pursue-development-of-energy-sources-in-sea Image Credit to Inquirer.net China and the Philippines on Tuesday agreed to cooperate for the development of energy sources in the South China Sea as visiting Chinese President Xi Jinping vowed that Beijing would work with Manila to “manage contentious issues” in the heavily disputed […]

2018

DOE racing to bring electricity to all rural areas by 2020

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By Lenie Lectura, November 21 2018; Business Mirror https://businessmirror.com.ph/doe-racing-to-bring-electricity-to-all-rural-areas-by-2020/ Image Credit to Rappler The Department of Energy (DOE) said it will assemble a team that would help the agency bring electricity to all households, particularly in rural areas, by 2020. Energy Secretary Alfonso G. Cusi met with officials and board of directors of the National Electrification Administration and Philippine Rural Electric […]

2018

Dennis Uy-China Telecom venture confirmed as third telco

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By Miguel R. Camus, November 19 2018; Philippine Daily Inquirer https://business.inquirer.net/260809/dennis-uy-china-telecom-venture-confirmed-as-third-telco Image Credit to Inquirer.net The National Telecommunications Commission (NTC) has confirmed the consortium of businessman Dennis A. Uy’s Udenna Corp. and state-run China Telecom as the new major telco player on Monday. The confirmation of the venture, known as Mislatel Consortium, was expected given that […]

2018

PHL to pursue amendments to open economy

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By Elijah Joseph C. Tubayan, November 5 2018; Business World https://www.bworldonline.com/phl-to-pursue-amendments-to-open-economy/ Image Credit to Business World THE GOVERNMENT will immediately pursue amendments to current laws to further open them up to foreign participation after “marginal improvements” were realized in the latest Foreign Investment Negative List (FINL). Socioeconomic Planning Secretary Ernesto M. Pernia said that the 11th FINL […]

2018

B.O.I. lines up TID Talks with local industries

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By Elijah Felice Rosales, October 30 2018; Business Mirror https://businessmirror.com.ph/b-o-i-lines-up-tid-talks-with-local-industries/ Image Credit to Business World The Board of Investments (BOI) has lined up a series of discussions with the different domestic industries to enhance their global competitiveness at a time the multilateral trading system is put to a test. The Trade and Industry Development (TID) Talks […]

2018

Global competitiveness report: Philippines ranks 56th

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By Louella Desiderio, October 17 2018; Philippine Star https://www.philstar.com/headlines/2018/10/17/1860773/global-competitiveness-report-philippines-ranks-56th Image Credit to Business World MANILA, Philippines — The Philippines ranked 56th out of 140 countries in the latest Global Competitiveness Report of the World Economic Forum. WEF’s Global Competitiveness Index 2018 released by partner institute Makati Business Club (MBC) to the media yesterday showed the […]

2018

Liberalize economy under Cha-cha

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By Ed Velasco, October 1 2018; Manila Times https://www.manilatimes.net/liberalize-economy-under-cha-cha/447078/ Image Credit to Atlas Network A think tank has reiterated the need to open up the economy to foreign competition through changes in the 1987 Constitution. The Foundation for Economic Freedom said its suggested amendments were the same as those submitted in 2016 before members of […]