Business NEWS

Some of the biggest business organizations in the country on Monday called for urgent and comprehensive reforms in the Philippine education sector, warning that the current learning loss threatens the country’s economic growth for years to come.

Duterte clips FIRB powers, oil refinery gets perks

Singaporean investors are urged to explore business opportunities in five priority sectors such as manufacturing, start-up and innovation, services, research and development and infrastructure and public private partnership (PPP) even as he announced that government will be formulating the Strategic Investment Priorities Plan (SIPP) once the CREATE Bill is signed into law. 

The suspension of the pesticide residue fees is expected to give Philippine exports of fruits and vegetables a big boost following a substantial decrease in 2020 coming on the steady decline in country’s overall exports in this sector over the last 10 years. 

As the country’s economy recovers from the effects of the COVID-19 pandemic and the world’s longest lockdown, the Philippine Chamber of Commerce and Industry (PCCI) is calling on Filipino consumers and industry users to sustain patronizing Philippine-made products to help local industries and small businesses recover faster and stronger.

The country can still recover lost ground and accelerate growth to catch up with its aspiration to end poverty and be a predominantly middle-class society under the Ambisyon 2040 through frontier technologies, the Philippine Chamber of Commerce and Industry (PCCI) said.

The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, is calling on the government to allow the private sector to import and buy COVID-19 vaccines directly from accredited sources without restrictions or conditions amid surge of infections in Luzon and to help the economy, which has been under quarantine for more than a year already. 

The Philippine Chamber of Commerce and Industry (PCCI) and other business organizations have committed to pursue programs that will support and complement the 2022 E-Commerce Roadmap that was launched recently by the Department of Trade and Industry.  

The Philippine Chamber of Commerce and Industry (PCCI) is working on formulating strategies to provide e-mediation services for both business and consumers as part of its effort to support the country’s e-commerce roadmap. 

The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has urged local government units to go beyond and above the streamlined travel restrictions of the national government to accelerate the recovery of domestic tourism. 

Business organizations lauded the enactment of Financial Institutions Strategic Transfer (FIST) Act into law as timely stating the new law would further aid in the recovery of the Philippine economy, which has been battered by long lockdowns and quarantines due to the pandemic.

The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, expressed its support to the move by the government to ensure the stable supply of meat and meat products in the market amidst shortage in the country’s local production.

The Philippine Chamber of Commerce and Industry (PCCI) led the private sector in recognizing heroes in the medical community during this pandemic via the Gawad Bayaning Kalusugan award that was presented to the initial batch of 24 awardees.  

The PCCI and Huawei Technologies Philippines, Inc. have signed a Memorandum of Understanding (MOU) operationalizing the PCCI Innovation Center that will serve as a central hub to facilitate knowledge-exchange among the tech-savvy, start-ups and established businesses. Under the partnership signed by PCCI president Benedicto Yujuico and Huawei Philippines vice president Daniel Guo, Huawei will provide mentorship programs in areas such as Artificial Intelligence (AI), Robotics, Coding, Big Data Analytics, Internet of Things (IOT).  Photo shows PCCI president Benedicto Yujuico (2nd from left) and Huawei Philippines vice president Daniel Guo (2nd from right) presenting the MOU after the signing with PCCI Innovation and Technology Committee director Ferdinand Ferrer (left) and Huawei Philippines public affairs director Sally Zhou (right).  The Innovation Center is housed at 8 Meridian Ave., 11/F Double Dragon Meridian Park, corner Macapagal avenue, Bay Area, Pasay City.

The Philippine Chamber of Commerce and Industry (PCCI) has partnered with China’s Huawei, the world’s biggest technology company, to power its innovation center that seeks to provide an IT ecosystem to Filipino engineers and young professionals.

Business and labor groups have asked the Social Security System to defer premium hike until the new law is adopted.

As Congress resumes sessions today, January 18, the Philippine Chamber of Commerce and Industry (PCCI), the largest umbrella of business organizations in the country reiterated its call for the august body to focus on the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE), a key economic measure seen to help the country’s economy bounce back from the slump it is experiencing as a result of COVID-19 and the lockdown on economic activities.

Instead of Charter change, the Duterte Administration’s chief economic manager has suggested that the lawmakers may consider the further opening up of the local economy to foreign investments.