Investments

By Elijah Felice Rosales, Businessmirror, 26 Nov 2019 UNCERTAINTIES brought about by the government’s plan to rationalize fiscal incentives will keep on hounding the country’s business climate, as firms from Japan—one of the country’s largest sources of foreign capital—are seeking a status quo for their tax perks.

by DORIS DUMLAO-ABADILLA, Philippine Daily Inquirer, 26 Nov 2019 Veteran banker Nestor Tan, the 2019 MAP “Management Man of the Year” awardee, yesterday urged the business community to rethink whether the western standards for corporate governance and fair competition suited the local market.

by Ronnel W. Domingo, Philippine Daily Inquirer, 25 Oct 2019 The Philippine government is rallying not only national agencies but also local governments in a bid to be among the top 40 percent of world’s economies in terms of ease in doing business.

by Catherine Talavera (The Philippine Star) – 13 Oct 2019 MANILA, Philippines — The Tourism Infrastructure and Enterprise Zone Authority has designated a new tourism enterprise zone (TEZ) in Bataan.

by Lawrence Agcaoili (The Philippine Star), 4 Oct 2019 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects foreign direct investment (FDI) inflows to drop this year following a sharp decline in the first half due to uncertainties caused by the mid-term elections last May, as well as the second package of the comprehensive…

By: Ben O. de Vera, Philippine Daily Inquirer, 24 Sep 2019 Foreign businessmen on Tuesday, Sept. 24, warned that more than 700,000 jobs would disappear in just a year if Philippine government efforts to revise a system for tax incentives led to the incentives’ removal.

By: Cielito F. Habito, Philippine Daily Inquirer, 20 Sep 2019 There are no ifs and buts about it: The news on overall investment in the country isn’t good. For the first time in 30 quarters (seven and a half years), fixed capital formation in our economy actually fell, registering -8.5 percent growth in the second…

by Louella Desiderio (The Philippine Star) – Sept 13, 2019 MANILA, Philippines — Foreign business groups in the country welcomed the recent approval of amendments to the Foreign Investments Act (FIA) at the House of Representatives, saying these would enable the Philippines to attract more investments.

by Lawrence Agcaoili (The Philippine Star) – Sept 12, 2019 MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng…

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By: Daxim L. Lucas , Philippine Daily Inquirer, Sept 11, 2019 The entry of long-term capital into the Philippines continued to slow down in June, marking the fourth consecutive month of weaker investment inflows since the start of the year that was interrupted only by a slight uptick in February.

By: Daxim L. Lucas, Philippine Daily Inquirer, 10 Sept 2019 The entry of long term capital into the Philippines continued to go slow in June, marking the fourth consecutive month of weaker investment inflow into the country since the start of 2019 that was interrupted only by a slight jump in February.

by Czeriza Valencia (The Philippine Star), Sept 7, 2019 MANILA, Philippines — Foreign investment commitments approved by six of the country’s seven investment promotion agencies jumped to P49.6 billion in the second quarter of the year, with the bulk of pledges originating from Japan, the Netherlands and Singapore, the Philippine Statistics Authority (PSA) said.

by Czeriza Valencia (The Philippine Star) – Aug 28, 2019 MANILA, Philippines — The immediate passage of the CITIRA (Corporate Income Tax and Incentives Rationalization Act) bill and the further easing of restrictions on foreign investments will enable FDI to recover after the record slowdown in May, economic managers and bank economists said yesterday.

by Louella Desiderio (The Philippine Star) – Aug 27, 2019 MANILA, Philippines — The Department of Trade and Industry (DTI) will continue to push for a longer transition period on the rationalization of fiscal incentives when the proposed second package of the government’s comprehensive tax reform program is tackled at the Senate.

By: Ronnel W. Domingo, Philippine Daily Inquirer 22 Aug 2019 The Philippines is a “moderately attractive” location for investments, especially among the 122 countries that China has signed agreements with respect to its Belt and Road Initiative (BRI).

by BEN KRITZ, Manila Times, Aug 22, 2019 THE Philippine Economic Zone Authority (PEZA) and the Department of Finance (DoF) have been at odds for months over the latter’s proposal, contained in the second package of the comprehensive tax reform program (CTRP) currently stalled in Congress, to rationalize fiscal incentives. Because somebody at PEZA does…

by Louella Desiderio (The Philippine Star) – 17 Aug 2019 MANILA, Philippines — As the proposed second package of the government’s tax reform program hurdled the committee level at the House of Representatives, the Philippine Economic Zone Authority (PEZA) has urged Congress to reconsider the scope of the bill seeking to rationalize fiscal incentives by…

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by Jess Diaz With Christina Mendez (The Philippine Star), 16 Aug 2019 MANILA, Philippines — Funds for the expanded or universal health care (UHC) program, which the government will implement starting in January next year will be short by P30 billion, a Department of Finance (DOF) official said yesterday.

by Roy Stephen C. Canivel, Philippine Daily Inquirer, Aug 09, 2019 The Philippine Economic Zone Authority (Peza), getting fed up of being “demonized” for giving out tax incentives, stressed that its registered companies had poured into the economy more than P10 trillion in recent years.

by Louella Desiderio (The Philippine Star) – Jul 20, 2019 MANILA, Philippines — With the Tax Reform for Attracting Better and Higher Quality Opportunities (TRABAHO) bill likely to be refiled at the 18th Congress, industry groups representing ecozone developers and locators urge legislators to consider alternative incentives for firms registered with the Philippine Economic Zone…

by Louella Desiderio (The Philippine Star) – Jul 15, 2019 MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) expects less than half of the 131 ecozone applications in Metro Manila to vie for ecozone status even if the office of the President (OP) decides to give them a longer period of six months on…

by Elizabeth Marcelo (The Philippine Star) – Jul 12, 2019 MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) has blamed a pending bill in Congress that seeks to tighten the fiscal incentives granted to investors operating in economic zones for the sharp decline in its total investments in 2018.

By Claire Jiao, Bloomberg, Jul 10, 2019 Online casinos in the Philippines that employ tens of thousands of foreign workers are set to surpass call centers as Manila’s top new office space users.

by Czeriza Valencia (The Philippine Star), Jul 2, 2019 MANILA, Philippines — Foreign direct investment (FDI) inflows into the country can increase three-fold by amending three key investment laws that would ease restrictions on capital from overseas, the National Economic and Development Authority (NEDA) said yesterday.

22 projects worth P34B at the mercy of Malacañang; 131 other proposals face dim prospects By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Jul 01, 2019 More than P34 billion worth of projects to put up buildings for IT-BPM companies are now at the mercy of President Duterte after Malacañang slapped a ban on new…

by Mary Grace Padin (The Philippine Star), Jul 1, 2019 MANILA, Philippines — The Tax Management Association of the Philippines (TMAP) urges the government to further study the tax incentives scheme proposed under the Tax Reform for Attracting Better and Higher Quality Opportunities (TRABAHO) bill.

by Czeriza Valencia (The Philippine Star), Jul 1, 2019 MANILA, Philippines — In the near term, businesses can invest in four rapidly growing areas in terms of domestic consumption, according to the National Economic and Development Authority (NEDA).

By: Daxim L. Lucas, Philippine Daily Inquirer, Jun 10, 2019 MANILA, Philippines—The flow of job-creating investments into the Philippines slowed in the first quarter of the year after going strong in 2018, according to the Bangko Sentral ng Pilipinas (BSP).