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Senator Dick Gordon underscored the urgency to create new opportunities and attract more investments to expedite the country’s swift economic recovery from the negative consequences of the protracted COVID-19 pandemic. Gordon, who chairs the Senate committee on government corporations and public enterprises, renewed his call for the passage of Senate Bill (SB) 1549, or the […]
The Department of Trade and Industry – Board of Investments (DTI-BOI) reported that manufacturing output has rebounded, based on recent data released by the Philippine Statistics Authority (PSA) and IHS-Markit. This point toward industry stabilization as manufacturing output sees an upside in the months ahead with the ongoing rollout of the vaccination program and ease […]
The Senate approved on third and final reading a measure that aims to further relax qualifications for foreign retailers to enter the Philippines. Voting 20-0-0, the chamber passed Senate Bill No. (SBN) 1840 seeking to amend Republic Act (RA) No. 8762, otherwise known as the Retail Trade Liberalization Act (RTLA) of 2000. “The proposed measure […]
The Philippines is eyeing significant investments from Europe, Trade Secretary Ramon Lopez said during a virtual investment roadshow recently, dubbed as “Make It Happen In the Philippines: A Forum on the Philippines’ Role in your Business,” targeting European companies. “It is still a good time to do business in the country despite the pandemic,” Lopez […]
Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a P1.25T project approval target for the agency in 2021, following total approved investments of P1.02T last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for […]
The Philippine Board of Investments (BOI) launched a new international investment promotion brand campaign, “Make It Happen in the Philippines” which aims to attract investment to the Philippines by highlighting its potential as an ideal business destination in Asia. The campaign highlights the country’s highly skilled and resilient human resource that is elevated by a […]
With the end of the coronavirus disease (COVID-19) pandemic expected to further stimulate the mad rush to grab investments going out of China, Senator Dick Gordon stressed the need to expedite the construction of the international airport proposed to be located in Bulacan to make the country more attractive to investors. Gordon made the statement […]
The proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) measure should attract big-ticket investments in agriculture and agro-industry, said Senator Kiko Pangilinan. “This new CREATE measure should be able to support and promote more investments in farming, fishing, and other related industries. At napakaraming opportunity dito,” Pangilinan said, noting that only the agriculture […]
“Investment in agriculture can help revive food production and create jobs following a crisis and enable rural communities to recover.” According to Agriculture Secretary William Dar, the government must continue to partner with local government units and the private sector, to increase food sufficiency levels, and modernize and industrialize the country’s agri-fishery sector. Emphasizing the […]
Deputy Speaker Lray Villafuerte is calling on the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to work double-time in conducting roadshows abroad to attract foreign investors set on leaving China to relocate to the Philippines. Villafuerte at the same time called on the Senate to approve the state economic team’s modified version of the […]