The European Chamber of Commerce of the Philippines (ECCP) supports the government’s plan to offer a lower corporate income tax rate for 15 years under the proposal to rationalize fiscal incentives as an additional incentives, citing that a wider set of incentives to choose from would allow the country to attract investments.
SEA-EX founder Angelo Olondriz: “I would like the Philippines to be the Mediterranean in Asia. I want the Philippines to be the playground of all our neighbors, not only in Asia, but the Western countries as well,†Olondriz stated.
Senator Joseph Victor Ejercito, Chairman of the Economic Affairs Committee assured the Joint Foreign Chambers (JFC) of the Philippines on his commitment to push for some of the legislative agenda of the chambers.
This misleading perception about an industry that carries an enormous potential stands as one of the biggest hurdles that’s been clipping the wings of this sector and keeping it from really taking flight.
Being a country with a huge coastline next only to the US, the Philippines has a big potential in coastline-development projects that could generate a wide variety of economic activities.
Concern over the Executive’s proposed revisions to revenue sharing with mining firms has spilled beyond the industry, with business groups saying the changes could make the country lose to competitors.
More than 150 executives from various locator-companies and investors in this free port signed the Integrity Pledge on Friday, marking another significant milestone for the Subic Bay Metropolitan Authority (SBMA) in its fight against corruption.
Subic Bay Freeport, Zambales - A significant milestone was achieved in this Freeport recently when more than 150 corporate executives of various investment firms, here, signed the “Integrity Pledge†or IP to help the Subic Bay Metropolitan Authority (SBMA) fight corruption.
The Supreme Court yesterday altered its July 2014 ruling that struck down parts of the Disbursement Acceleration Program (DAP) as unconstitutional, providing what the government’s budget chief saw as spending leeway to help the economy hit the official growth target for this year.
The 2014 performance made the Philippines the second- fastest-growing Asian country after China, which had 7.3 percent, and ahead of Vietnam’s 6 percent, according to Balisacan. It is sad that the government is now choosing to compare the Philippine economy with Vietnam’s when we used to be more prosperous than fellow Asean members Thailand, Indonesia and Malaysia.
More than 150 executives from various locator-companies and investors in this free port signed the Integrity Pledge on Friday, marking another significant milestone for the Subic Bay Metropolitan Authority (SBMA) in its fight against corruption.
The country's boatbuilding industry has urged government to impose a tax-free importation of boats and repeal its antiquated laws, including the Cabotage Law, to develop the country's boat-building and marina industry.
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