European investors have submitted Advocacy Papers containing specific recommendations top-billed by issues of further opening up the domestic economy particularly the public utility sector to foreign investors as well as the passage of some crucial reform bills to ensure competitive environment to foreign business.
European businesses have come up with recommendations for the government including relaxation of foreign ownership restrictions as well as the passage of the competition law and customs modernization and tariff law to promote stronger trade and investment ties between the European Union (EU) and the Philippines.
Seven groups making up the European Chamber of Commerce of the Philippines (ECCP) yesterday submitted to the Trade department an advocacy paper that spelled out investor concerns, a few of which they hope would be acted on before the current administration ends its term on June 30 next year.
It’s like changing horses in midstream. So say European businessmen when they demanded the government honor its contractual obligations on top of the 22 reforms they want to push and implement.
At least eight banks and insurance companies have expressed interest to expand and invest in the Philippines, Trade Secretary Gregory Domingo said Tuesday.
Foreign business groups plan to submit an updated list of priority measures to President Benigno S.C. Aquino III before his final State of the Nation Address in July in a bid to hone the reform focus of his administration as it enters the homestretch
Newly appointed elections chief Andres Bautista is expected to breeze through the confirmation process in the Commission on Appointments (CA).
The Philippines has stayed out of a US watch list of countries found deficient in protecting intellectual property rights (IPR) for the second year in a row, according to an annual assessment the Office of the United States Trade Representative (USTR) released in Washington D.C. on Thursday, a development attributed to effective enforcement of relevant laws.
The current MWSS brings us back the pre-privatization era of the 1990s when the incompetence and mismanagement of the debt-riddled MWSS Metro Manilans to the brink of a severe water crisis.
State spending on infrastructure -- a key driver of the economy -- ended last year on a muted note due to persistent bottlenecks with agencies, the Budget department said yesterday, adding that it expected disbursements to improve in succeeding months after the “hard lesson†learned in 2014.
Eco-friendly travel, which has a positive impact on the planet, may bring to mind images of roughing it in the wilderness but, throughout the world, you can enjoy luxury with a conscience as there are many resorts that are both green and glamorous. Here in the country, one such resort is the 95-room Sheridan Beach Resort & Spa, the only luxury resort along Sabang Beach within the equally eco-friendly city of Puerto Princesa in Palawan.
These obstacles are low Internet connectivity; bad airports; severe lack in infrastructure; very high power cost; unfriendly tax regime; very expensive cost of doing business; and many corrupt local government units.
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.