The country’s umbrella organization of exporters has raised alarm over the planned imposition of additional duties of up to 12.5 percent on shipments to the United States (US), arguing that the measure was proposed without basis. Philippine Exporters Confederation Inc. (Philexport) President...
Philippine Exporters Confederation Inc. (Philexport) has urged the government to exercise caution in granting another minimum wage increase in Metro Manila, warning that higher labor costs could hurt exporters, micro enterprises, and the broader economy at a time of elevated inflation and slowing...
The Philippines’ largest umbrella group of exporters warned that the country risks losing foreign investment and stalling its economic momentum following the violent political standoff at the Senate that made international headlines. In a statement on Friday, May 15, the Philippine Exporters...
As fuel prices continue to weigh on the export sector, the Philippine Exporters Confederation Inc. (Philexport) is calling for the suspension of the 12-percent value-added tax (VAT) to ease cost pressures on businesses and consumers. In a statement on Thursday, April 16, Philexport president Sergio...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
Business groups expect the full implementation of the law suspending or reducing excise taxes on petroleum products to cushion the impact of rising prices on the operations of businesses across the country. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said it welcomes...
The country’s umbrella group of exporters has retained its forecast that the export of goods and services will fall short of the government’s target this year, as uncertainties about the reliability of the United States (US) market continue to grow. Philippine Exporters Confederation Inc....
With the next State of the Nation Address (SONA) fast approaching, the country’s leading group of employers is urging President Ferdinand Marcos Jr. to use the platform to declare his opposition to legislated wage hikes, maintaining that wage-setting should be left to regional wage boards. The...
With the imminent return of the United States’ (US) reciprocal tariffs, Filipino exporters must explore other markets to mitigate the potential impact of the tax scheme, according to the Philippine Exporters Confederation Inc. (Philexport). Philexport President Sergio Ortiz-Luis Jr. said...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses. In a position paper addressed to the...
A United States (US) trade mission of 37 American agricultural firms and associations will meet with Filipino importers on the sidelines of the delegation's visit to Hong Kong next month, as the US government moves to expand access to its key exports. The United States Department of...
# Business lauds comprehensive SONA The private sector seemed to agree with President Marcos that “the state of the economy is sound and improving” and lauded the comprehensive report to the nation, but disagreed with the president on how to further ease doing business in the country, stating...
