Senator Rodante Marcoleta has filed a bill seeking to remove the 12 percent value-added tax (VAT) on the sale of electricity at all stages, in an effort to lower power rates and alleviate the financial burden on Filipino households and businesses. “The Philippines remains to be one of the...
The European Chamber of Commerce of the Philippines (ECCP) welcomed the Philippines ' removal from the European Commission’s list of high-risk countries for money laundering and terrorist financing, citing its potential to attract new investments from European countries. ECCP stated that the...
The country’s oldest business group is pushing the Senate to perform its constitutional duty and start the impeachment trial of Vice President Sara Duterte, warning that failure to do so could breed “instability.” In a statement, the Chamber of Commerce of the Philippine Islands (CCPI) said...
The Philippine Chamber of Commerce and Industry (PCCI) is warning lawmakers about the severe ramifications of the lower chamber-approved ₱200 daily minimum wage hike, calling out its impact on the economy and job security. PCCI issued the statement following the House of Representatives’...
The government should intensify its crackdown on unlicensed cryptocurrency platforms with financial ties to organized crime syndicates, according to a ranking official of the European Chamber of Commerce of the Philippines (ECCP). ECCP ICT Committee co-chair Reyner Villaseñor said that these...
Big businesses were asked in 2022 to take accountability for their plastic packaging. Those with P100 million or more in assets were tasked to gradually recover 80 percent of their plastic product footprint by 2028. Over 2,000 companies are obliged to do that. Three years have passed and, alas,...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
The Chamber of Commerce of the Philippine Islands (CCPI) is urging the government to strictly implement the newly signed law aimed at improving the quality of early childhood education and care in the country. President Ferdinand “Bongbong” Marcos Jr. signed Republic Act (RA) No. 12199, or the...
The Chamber of Commerce of the Philippine Islands (CCPI) celebrated its rich history and future vision on April 30, 2025, at its Intramuros building with the unveiling of its Legacy Book and the presentation of Exemplar Awards to San Miguel Corporation and its president, Ramon S. Ang. The Legacy...
OPAPRU Secretary Carlito Galvez Jr. (Photo: OPAPRU) Presidential Peace Adviser Carlito Galvez Jr. underscored the critical role of the private sector in building a resilient peace process as he appealed for assistance to areas impacted by various conflicts. “Active trade and commerce must be...
The British Chamber of Commerce Philippines is set to host a high-level infrastructure forum on April 29, 2025, at Makati Commerce Tower. Supporting organizations include Colliers, with Manila Bulletin serving as the media partner. This event will gather government officials and key stakeholders to...
