European businessmen believe that the stream of foreign direct investments (FDI) and trade into the Philippines will increase substantially in the coming months and years following increased momentum in interest from EU countries and the brighter prospects for a free trade deal between the two...
A large majority of European companies in the Philippines have prioritized the resumption and successful conclusion of the EU-Philippines free trade agreement talks, a survey by the European Chamber of Commerce of the Philippines (ECCP) showed. Based on the survey, 80 percent of the respondents...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez seized the opportunity Wednesday afternoon, June 21, to highlight the proposed Maharlika Investment Fund (MIF) before members of the American Chamber of Commerce in the Philippines (AmCham). This, as the proposed...
The Department of Trade and Industry (DTI) said there are more unresolved than resolved consumer complaints filed against e-commerce platforms, warning them of maximum penalty, including P300,000 fines and getting banned from operating and selling online. DTI Undersecretary Ruth Castelo said at the...
Trade and Industry (DTI) Secretary Alfredo E. Pascual has ordered two big e-commerce platforms to explain consumer complaints about deceptive, unfair, fraudulent, and unconscionable online sales practices. Except for the terms “two big e-commerce” platforms, Pascual did not divulge the names of...
Around 50 percent of online shoppers in the Philippines are now engaged in cross-border shopping, with sales accounting for 24 percent of the entire e-commerce market in the country, according to a recent report from JP Morgan.
Trade and Industry Assistant Secretary Glenn Penaranda cited the JP...
President Ferdinand "Bongbong" Marcos Jr. has assured that the "healthy relationship" between the government and Filipino-Chinese business leaders will continue under his leadership. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos stated this when he led the oath...
The Philippine government is strongly urged to fast track the Senate concurrence of the Foreign Account Tax Compliance Act (FATCA) and lift or amend the Bank Secrecy Law to leverage the country’s position in combating financial crime, and promote transparent, effective reporting system, and...
European businesses in the country would like the Philippine government to eliminate import duties for European automotive brands as part of the measures for adoption in the proposed EU-Philippine Free Trade Agreement (EU-PH FTA). This forms part of various recommendations in the Automotive Advocacy...
European businesses operating in the country and in the region said the Philippines offers the “brightest” prospects among ASEAN countries in terms of attracting foreign direct investments (FDI) despite the need for more improvement in the ease of doing business. EUROPEAN-PHILIPPINE BUSINESS...
The Federation of Filipino Chinese Chamber of Commerce Inc. (FFCCCII), the country’s umbrella organization of Filipino-Chinese business chambers, said they will focus its efforts on promoting tourism between the two countries amid political crisis between US and China that put the Philippines in...
German companies in the Philippines are more bullish in their local business prospects than in other ASEAN countries despite acknowledging certain risks, such as shortages of skilled labor, supply chain disruptions, economic policy uncertainties, and inflation, according to a new survey conducted by...
