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...
Ease of doing business to reduce corruption in government topped the wish list of the business sector that they want President Marcos to commit in his second State of the Nation Address (SONA) today, July 24. Philippine Chamber of Commerce and Industry President George T. Barcelon said that top of...
Exporters and the Philippine Economic Zone Authority (PEZA) said the revised rules on value added tax (VAT) zero rating on the local purchases of goods and services of exporters are expected to boost investor confidence in the country. PEZA Director General Tereso O. Panga said following the release...
Various stakeholders of the Philippine Economic Zone Authority (PEZA) have endorsed to Malacanang Officer-in-charge (OIC) Deputy Director General Tereso O. Panga to stay on as leader of the agency that administers the country’s economic zones and their export-oriented locators. The endorsements...
Business groups have identified 24 priority legislative measures that President Ferdinand Marcos Jr. should certify as urgent for the immediate passage by the 19 th Congress to achieve the goals of economic recovery and ensure sustainable long term growth for the country. The list of the bills,...
Exporters have welcomed the creation of the new economic team under President-elect, Ferdinand Marcos, Jr., saying the appointees have the expertise and competence needed to steer the country toward recovery amid unprecedented economic and fiscal challenges. Dr. Sergio Ortiz-Luis, Jr., president of...
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product. The document was ratified by President Rodrigo Duterte on September 2...
