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PH economy seen recovering 'almost instantly' with 'investor friendly' reforms

ABS-CBN News
Posted at Nov 23 11:15 AM

The Philippine economy is poised to bounce back faster and catch up with Vietnam's post-pandemic growth should the government rally for investor-friendly reforms and push for more exports in the country, two chamber of commerce heads told the ANC on Monday.   Read more »

As tax base shrinks during pandemic, proposed law seeks to cut revenue sources

Robert JA Basilio Jr., Philippine Center for Investigative Journalism
Posted at Oct 30 05:00 PM

The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most. Read more »

FDIs to recover in 2021 after taking virus hit: BSP

ABS-CBN News
Posted at Jul 27 10:24 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday foreign direct investments could recover by 2021 after inflows shrank due to the coronavirus pandemic.    Read more »

Lagman: 'Nothing illegal or irregular' about ABS-CBN Holdings' PDRs

Jessica Fenol, ABS-CBN News
Updated as of Jun 15 05:30 PM

The Philippine Deposit Receipt (PDRs) issued by ABS-CBN Holdings are "completely compliant" with the Constitution and are not a scheme to circumvent the laws, Albay Rep. Edcel Lagman said Monday.   Read more »

Incentives should be removed from scope of CITIRA: tax expert

ABS-CBN News
Posted at Sep 27 06:53 PM

Tax consultant Mon Abrea urges lawmakers to take out incentives from the coverage of CITIRA or the tax reform bill package 2, and make the proposal to rationalize them a separate bill. Read more »

How Philippines can compete for investments in Southeast Asia

ABS-CBN News
Posted at Aug 08 11:32 AM

Filipinos are “premiere” talents who attract attention, however, the 40-percent cap on foreign ownership hobbles some potential investments. The country also has strict labor policies, Bowergroup Asia founder and CEO Ernest Bower told ANC. Read more »

German firms 'very bullish' about Philippine market: trade group

ABS-CBN News
Updated as of Jun 26 04:41 PM

German firms are "bullish" about the Philippine market as qualifications of its English-speaking workforce offset risks such as inflation and the volatile exchange rate, the director of a German-Philippines trade group said Wednesday. Read more »

Cutting incentives not a deal-breaker for investors, says AmCham official

ABS-CBN News
Posted at Jan 09 05:30 PM

Fiscal incentives are good but many foreign investors can also live without them as long as infrastructure improves at a faster pace, an official of the Amercian Chamber of Commerce of the Philippines said Wednesday.  Read more »

Insurance providers weather Brexit, trade war uncertainties: AXA

ABS-CBN News
Posted at Nov 19 10:42 AM

Premium income this year will likely come close to the P21.6 billion posted in 2017, with growth of 41 percent in the first 6 months of 2019, AXA Philippines CEO Rahul Hora told ANC. Read more »

Kevin O'Leary: PH economy 'on fire' amid high growth

ABS-CBN News
Updated as of Nov 12 11:36 PM

Being a venture capitalist, Kevin O'Leary called the Philippine economy a maturing market for foreign investors. Read more »

China widens income tax exemption for foreign investors

Reuters
Posted at Sep 30 07:04 PM

China has widened income tax exemption on re-invested profits for foreign firms, the finance ministry said on Sunday, to try to boost foreign investment amid trade tensions. Read more »