Europe-PH News
Priority bills passed as 16th Congress finishes penultimate regular session
June 09, 2015
The second regular session of the current 16th Congress ended yesterday with three bills deemed priority by Malacañang and business approved on final reading and two of these now awaiting signing into law. Read More
Easing of foreign restrictions in more sectors pushed
June 08, 2015
The government will need to relax more sectors in the Foreign Investment Negative List (FINL) to attract investments and create competition, foreign business groups said. Read More
Bishops caution vs charter change move to lift economic restrictions
June 08, 2015
The leadership of the Catholic Church in the country has turned its sights on moves to lift restrictions on foreign participation in industries and other sectors, putting it at loggerheads with the business community. Read More
European traders hit RP’s poor tax system
June 04, 2015
The European Chamber of Commerce of the Philippines (ECCP) said the Philippines has to adjust its taxation system or it will be at the losing end when the Association of Southeast Asian Nation (Asean) integrates. Read More
ECCP calls for tax overhaul to make PH competitive
June 03, 2015
IF the Philippines does not adjust its outdated taxation system, the country will find itself at a disadvantage when the Asean economic integration begins to fully kick in, the European Chamber of Commerce of the Philippines (ECCP) warned on Thursday. Read More
Business groups seek amendments to tax perk bill
June 02, 2015
The Philippine business groups and Joint Foreign Chambers (PBG-JFCs), a coalition of 14 local and foreign business groups, is now seeking amendments to the proposed bill on corporate tax incentives to make it really more favorable to the private sector. Read More
Business groups support Tax Incentives Act
May 31, 2015
The Philippine Business Groups and Joint Foreign Chambers (PBG-JFCs), a coalition of 14 local and foreign business groups, wrote the House and Senate Committees on Ways and Means to express support for the draft or amended version of the proposed Tax Incentives Management and Transparency Act, also known as TIMTA. Read More
PH growth slows to 5.2%
May 29, 2015
Sluggish government spending slowed the growth of the Philippine economy during the first quarter of the year to 5.2 percent - the slowest since 2012. Read More
Anemic gov’t spending slows Q1 GDP growth to 3-year low of 5.2%
May 28, 2015
PERSISTENT delays in the implementation of vital infrastructure projects intended to support an expanding economy slowed the growth of the country’s gross domestic product (GDP) during the first quarter to a disappointing 5.2 percent â€" the lowest rate since 2012. Read More
PH to miss 2015 GDP growth target - economists
May 28, 2015
Philippine economic growth in the first quarter of 2015 decelerated to a 3-year low of 5.2% year-on-year, prompting economists and business leaders to warn that the country might struggle to realize its full-year growth target of 7% to 8%. Read More
Foreign ownership amendment hurdles House second reading
May 28, 2015
The House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets. Read More
PH to miss 2015 GDP growth target - economists
May 28, 2015
The House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets. Read More
