The Philippines should maximize the tax incentives being offered under the Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to attract more foreign direct investments, according to a foreign business leader said. Chris Nelson, executive director, British...
The Securities & Exchange Commission has facilitated the raising of P5.4-billion sustainable bonds following its efforts to promote sustainability in the Philippine corporate sector. This is according to SEC Commissioner Ephyro Luis B. Amatong in his welcome remarks during the European Chamber...
Photo by AC Energy Country now in state of climate justice, passing mitigation The Philippines’ energy industry has to make and carry out firm decisions to become more independent and resilient as it has now arrived at a state of climate justice, which is well beyond mere mitigation. ...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
The Joint Foreign Chambers (JFC) expressed optimism that Congress will approve the Open Access in Data Transmission bill during its Third Regular session stressing the legislative will bridge critical gaps in broadband infrastructure by attracting more firms to invest in the data transmission and...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
Foreign and local business groups in the country have urged the passage of 17 priority bills by the 18th Congress during its third and final session year that will commence on July 26. The letter sent to President Rodrigo Duterte was signed by 15 business groups, including eight Philippine...
Volvo Philippines clinched the Smart and Safer Mobility Award at the recently held Europa Awards 2021. This recognition is given to the company that has offered innovative and sustainable mobility solutions presented by current transportations system challenges. The award given to Volvo Philippines...
At least seven industry groups in the Philippines are calling for the liberalization of agriculture sector to secure food supplies. The groups, led by the American Chamber of Commerce of the Philippines, Inc. (AmCham) and Cold Chain Association of the Philippines, Inc. (CCAP), said they...
The Philippines is now under a state of calamity for a period of one year due to African Swine Fever (ASF), but the government's Bureau of Animal Industry (BAI) said recovery of the local hog sector is expected to happen in 2023 yet. During the European Chamber of Commerce of the Philippines (ECCP)...
Following the approval by the House Committee on Transportation on House Bill 8700, amending the Civil Aviation Authority of the Philippines (CAAP), business groups also recommended that the Senate file a counterpart measure and initiate hearings on the reform with a view to approving it by the end...
To help address the rise of online counterfeiting and piracy, e-commerce platforms Lazada and Shopee today, March 1, signed a memorandum of understanding (MoU) with various global and local brand owners to fight the alarming increase in counterfeit and pirated products sold online. On the part of...
