Excerpts from the Arangkada Philippines 2010, a joint publication of the Joint Foreign Chambers of the Philippines which was presented by Henry Schumacher, executive vice president of the European Chamber of Commerce of the Philippines, during the roundtable on structure reform at the University of Asia & the Pacific.
Foreign Businesses are dissatisfied with a recent Bureau of Internal Revenue (BIR) circular that was supposed to ease the common carriers tax burden of foreign air and shipping lines saying it did not address their concern.
Several government leaders, corporate executives and prominent personalities lauded the first creative industries summit recently held in Cebu, saying that this will further propel Cebu's standing in global competitiveness maximize the skills and resourcefulness of Cebu's creative work pool, and serve as a model example for self-reliance and entrepreneurship in the country.
Several private sector groups have stepped up efforts to help the government stamp out corruption this time attempting to lay down reward and penalty systems that directly affect a firm's costs and market access.
IBC 13 reports on the successful 2nd PEEF 2011, and how it supports the initiative of DOE in campaigning for an Energy Efficient Philippines.
Switching off appliances when not in use, among other small energy conservation measures, could reduce the country's annual power consumption by 10 percent and result in savings that could go up to of P59 billion a year.
The government and the private sector on Tuesday pushed for energy efficiency and conservation measures to alleviate the country's tight power supply situation.
The European Chamber of Commerce of the Philippines (ECCP) yesterday announced that it has completed the energy audit of 10 companies that were selected earlier in the year as part of its energy efficiency drive.
It is certainly heartening to note that despite the various problems confronting it, including the existence of unscrupulous small-scale miners, the multi-billion-dollar mining industry still remains to be one of the bright spots in the Philippines investment prospect.
The decision of newly appointed Transportation Secretary Manuel A. Roxas III to review the P15-billion project involving the operation and maintenance of Light Rail Transit 1 (LRT-1) and Metro Rail Transit 3 (MRT 3) has not turned off prospective investors, according to leaders of two business groups.
The European Chamber of Commerce of the Philippines (ECCP) is leading the private sector in a renewed campaign to conserve energy asserting that a mere 20 percent savings in the country's annual power consumption of 8 gigawatts (GW) will fill the gap in meeting foreseen shortages, even if the country forgo with the construction of new power plants.
Foreign businessmen joined tourism industry leaders in expressing support for Tourism Secretary Alberto Lim.
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