Business Cost News
JCCI warns tax reform will drive out...
25 April, 2018 at 10:48
The Japanese business lobby has warned that the second tax reform package may prompt investors to leave the Philippines, in response to the reduction in incentives called for by the proposed reforms.
Lopez favors 15-year sunset provision of PEZA...
24 April, 2018 at 17:30
Trade and Industry Secretary Ramon M. Lopez, chair of the Philippine Economic Zone Authority (PEZA), yesterday expressed preference for a 15-year sunset provision on the 5 percent perpetual tax on gross income earned (GIE) enjoyed by PEZA-registered enterprises.
Peza says DOF tax perks figures bloated
24 April, 2018 at 15:30
The cost of tax incentives shelled out by the Philippine Economic Zone Authority (Peza) reached only P40 billion in 2015, almost six times smaller than what the Department of Finance (DOF) paints it to be, a top official said.
Airport project up for Neda Board nod
24 April, 2018 at 13:30
San Miguel Corp.’s proposed “aerotropolis” in Bulacan will be up for approval by the National Economic and Development Authority Board (Neda) chaired by President Duterte on Wednesday, after which it would be subjected to a Swiss challenge.
[OPINION] Trust and TRAIN 2
23 April, 2018 at 15:00
We had a very interesting and frank discussion of the controversial package 2 of the administration’s tax reform program at a meeting of the Foundation for Economic Freedom (FEF). This group of economists supported the first package, but there are pockets of dissent on the second.
Ending ‘endo’ will scare off investors, says...
20 April, 2018 at 15:00
The Department of Trade and Industry (DTI) and some influential business groups warned on Tuesday that making direct hiring the norm for employment would scare off investors.
Is Trump Serious About Trade War? China’s...
20 April, 2018 at 13:00
In an elegantly furnished back room at a conference in eastern China in December, a member of the Chinese leadership asked American tech executives for help.
[OPINION] Tugade turns into Mar Roxas
20 April, 2018 at 10:41
I had a strange feeling it was about to happen. Last week I got my confirmation. Transportation Secretary Art Tugade has turned into a Mar Roxas clone. That explains a lot.
[OPINION] Infrastructure for inclusive growth
19 April, 2018 at 18:00
The road to an inclusive economy will be long and hard, but with everyone contributing to the mission, the goal will be achieved in no time. With President Duterte leading the charge for change to happen, we are assured that more Filipinos will experience the growth of our economy.
US, Korean firms shelve expansion plans
19 April, 2018 at 14:30
Foreign companies in the Philippines, particularly from the US and Korea, are putting on hold major expansion plans in the country due to concerns about the government’s second tax reform package.
Cebu losing P1.1 B daily to traffic...
19 April, 2018 at 12:30
The unresolved traffic congestion in Metro Cebu has resulted in at least P1.1 billion in economic losses a day, according to initial results of a study being conducted by the Japan International Cooperation Agency (Jica).
‘Labor uncertainties may prompt investors to relocate’
19 April, 2018 at 10:29
Uncertainties in the country’s labor sector are prompting some investors to consider relocating to other Southeast Asian economies where labor rates are lower, Trade Secretary Ramon Lopez said yesterday.
Tax perk removal ‘unconstitutional’
18 April, 2018 at 13:00
The Duterte administration’s second tax reform package would invalidate existing government contracts with investors, a move that the Philippine Economic Zone Authority (Peza) has called “unconstitutional.”
Duterte spooks foreign investors with tax ‘sword...
18 April, 2018 at 10:48
Philippine President Rodrigo Duterte’s administration received an impassioned plea from within its ranks on the night of April 11.
