Investments registered with the Philippine Economic Zone Authority (PEZA) went up by 6.18 percent in the January to September period from a year ago, supported by the entry of new locators and expansion of existing players.
Sunwest Water and Electric Company (SUWECO) 2 was recognized by the International Finance Corporation (IFC) and Banco De Oro Unibank (BDO) as one of the best local companies engaged in renewable energy projects during the recent Energy Smart Philippines 2014 organized by the European Chamber of Commerce of the Philippines (ECCP).
The government must ease foreign restrictions, promote competition, and support small and medium enterprises (SMEs) to maximize the benefits of the planned regional economic integration next year, business groups and economists said.
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 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.
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.
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.
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.
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.