Senator Franklin Drilon, a staunch ally of President Benigno Aquino III, was named chairman of the Senate ways and means committee Tuesday, and vowed to come up with a sin tax bill that came closer to the P60 billion in extra revenue the Finance Department wants.
European businessmen are now moving forward in their investment plans in the Philippines as they see a fresh start in the economic relations between the Philippines and Europe with the forthcoming visit of French Prime Minister Jean-Marc Ayrault, the first European head of state to visit the country in many years.
Dismayed over the Senate sin tax version, the European Chamber of Commerce and Industry has warned that the country's exports of tuna and its benefits under the Generalized System of Preferences (GSP), which grants duty-free entry of exports to Europe, would face retaliatory action saying the Senate version does not comply with the ruling of the World Trade Organization.
Italian companies have expressed their interest to invest in the Philippines and participate in the country's Public-Private Partnership (PPP) Program eyeing smaller projects.
NO ANNEXES YET: With the debate and the writing of annexes still ongoing, why is Malacanang rushing the signing on Monday of the government’s transition agreement with the Moro Islamic Liberation Front for the creation of an enlarged autonomous Bangsamoro in Mindanao?
The Retirement & Healthcare Coalition said the project, composed of the American, European, Japanese and South Korean chambers in the country, is part of initiatives to make the Philippines a preferred haven for foreign retirees.
A system allowing patients’ medical records available in all hospitals is being developed, with a health coalition made up of foreign Chambers of Commerce readying initial implementation by next year.
The Procurement and Supply Institute of Asia (PASIA) will host the 2012 Annual Global Procurement and Supply Management Conference & Exhibit slated on Nov. 27 to 28 at Marriott Hotel in Manila.
The Philippine Solar Power Alliance (PSPA) is looking at partnering with real estate developers and make available solar photovoltaic (PV) rooftop panels in their new projects, Tetchi Cruz-Capellan, the group founding president, told reporters on Wednesday.
Member countries of the Asia-Pacific Economic Cooperation (APEC) have declared their renewed commitment to fight corruption in government in a recent meeting in Vladivostok, Russia.
President Aquino’s anticorruption drive is gaining traction, thanks to the Integrity Initiative launched two years ago by the business community to involve private companies in the campaign against corruption in the private sector.
The Philippine Embassy in Rome and Confindustria conducted a pre-travel briefing to Italian companies joining a business mission to the Philippines in November.
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