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...
Top business groups have condemned the kidnapping and murder of Filipino-Chinese tycoon Anson Que and his driver, demanding swift justice and reforms to strengthen law enforcement. In a joint statement, the Philippine Exporters Confederation Inc. (Philexport), Philippine Chamber of Commerce and...
The Philippine Exporters Confederation Inc. (Philexport) strongly opposed the planned reimplementation of the cashless toll collection policy, which has since been suspended by the government. The Department of Transportation (DOTr), under newly appointed Secretary Vince Dizon, ordered a pause on...
Employers said they will relaunch a new jobs generation program that will focus on more active labor market interventions, including a digital platform that will match the skills of workers and industry demand both from formal and non-formal sectors, starting next year. Sergio Ortiz-Luis Jr.,...
Philippine exporters and three Turkish business chambers have signed a memorandum of understanding to establish and develop commercial and industrial ties between the respective members and promote enhanced economic cooperation between the two countries. PHILIPPINE EXPORTS CONFEDERATION 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 are strongly urging the government to double the budget of the Department of Trade and Industry (DTI) to P10 billion to boost support and development of the country’s exports sector as they grumbled about the “tokens” and “lip service” given to the sector, which targets to...
The country’s largest business associations, which employ the bulk of formal workers in the Philippines, totally rejected the planned legislated wage hike stating this move is more inimical to the estimated 42 million informal workers in the country as they cannot benefit from such a wage hike....
