EUROPEAN Union (EU) representatives on Thursday highlighted opportunities for deeper trade and investment ties between the Philippines and the EU, in light of the country’s prospective admittance to an expanded tariff-reduction scheme, amid a continuing push for a free trade agreement.
SWISS financial services group UBS AG has trimmed its growth forecast for the Philippines this year following a lower-than-expected gross domestic product (GDP) result in the third quarter but kept its growth targets for next year and 2016.
URBAN transportation networks in the Philippines will benefit from millions of dollars in investment, following the announcement that Cebu City will be home to a new bus rapid transit (BRT) system. The network is expected to alleviate metro congestion and offer opportunities for private contractors and service providers. It is one of several urban mass transit projects under way, following President Benigno S. C. Aquino III’s earlier announcement of plans for new BRT and underground rail systems in Manila.
IN AN ERA when globalization and technological advances are rapidly changing our lives, the landscape has become more competitive for finding innovative talent that will lead the company to the top. This reality has opened the door for creative compensation practices to attract employees. One of these is share-based compensation schemes like stock options. The popularity of stock options as a means of compensating employees has reached the Philippines and apparently has not eluded the attention of the Bureau of Internal Revenue (BIR), which continues to search for potential sources of tax.
PROJECTS and programs for the proposed Bangsamoro political entity will be tackled in this year’s pledging session between the Philippines and multilateral lenders, the government’s Investor Relations Office (IRO) said on Wednesday.
THE MINING and metals sector in the Philippines is considered one of the key industries driving economic development and growth. Yet, it is also a sector that is constantly confronted with risks detrimental to the sector participants’ long-term profitability, and economic growth and sustainability. It is therefore important in strategic planning to anticipate and plan for these risks.
MANILA — Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and stoking a shortfall in the global supply of ore.
THE PHILIPPINES will temporarily stop issuing new licenses for new commercial fishing vessels and fishing gear for three years to conserve its fish stocks.
TRAVELERS will soon be able to avail of flights between Manila and Ethiopia following the conclusion of air service talks between the two countries on Wednesday.
TWO FOREIGN FIRMS have expressed interest to participate in the development of energy resources in the Philippines, the Department of Energy (DoE) said in a statement on Tuesday.