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PH worried over unclear Vietnamese business rules

The Philippines has raised concerns of unclear Vietnamese trade and business regulations that hinder exports of Filipino companies to this ASEAN-member country. Trade and Industry Undersecretary Adrian S. Cristobal Jr. raised this concern by Filipino companies during his meeting with visiting Vietnamese Trade Vice Minister Tran Tuan Anh for bilateral trade talks particularly on its […]

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Auto industry to exceed 250k sales target

Auto industry to exceed 250k sales target

The domestic automotive industry is confident of exceeding its revised 250,000 unit sales target for the year and an accelerated 300,000 unit sales level by 2015. This developed as final industry sales figure from members of the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association showed sales as of August […]

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Microbusiness gears up for ASEAN market

Microbusiness gears up for ASEAN market

Alma’s “Almusalan” has been in business for three decades. Its owner, 49-year old Alma Pabalay credits her small home-based “fast food” setup as the cash cow that sent her three children to school. These three are all grown-up, one is an accountant graduate now working for Convergys, a call center, and another one – although […]

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Indon palm oil producer seeks investment security

Indonesia’s second largest palm oil producer PT. Musim Mas is seeking government safety assurance of investments as it explores possible palm plantation and refinery investments in Mindanao. Musim Mas is one of two Indonesian palm oil producers, the other being Wilmar International, that are accompanying visiting Indonesian Trade Vice-Minister Bayu Krisnamurthi’s visit to the Philippines. […]

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Lemon Law’s draft IRR allow fifth and final repair

A car owner and the distributor or dealer of a defective motor vehicle are given an opportunity for a final or fifth repair attempt before the availment of Lemon Law Right, according to the draft implementing rules and regulations of the Philippine Lemon Law or Republic Act No. 10642. Trade and Industry Undersecretary Victorio Mario […]

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PCCI, Kansai business delegation to hold talks on trade cooperation

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, will meet with a 25-man business mission of the Kansai Economic Federation (Kankeiren) of Japan tomorrow (September 15, 2014)  to discuss potential cooperation on technologies for low-carbon industries and building of disaster-resilient cities, according to PCCI President Alfredo M. Yao. Yao said […]

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PH, Indonesia expand trade cooperation

Indonesian businessmen are in town for further exploratory discussions for possible investments in palm oil, mining, seaweed and logistics as Philippines and Indonesian governments vowed to hit $12 billion in bilateral trade from the current $5 billion level. Indonesian Trade Vice-Minister Bayu Krisnamurthi said in a joint press conference with his counterpart Philippines Trade and […]

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BOI goes extra mile for investors with FDA accord on licensing

The Board of Investments (BOI) and the Food and Drug Administration (FDA) have signed an agreement to hasten the issuances of permits and licenses to investors that are seeking registration with the government on hopes that by going the extra mile these investors will maintain, retain and even expand their projects in the country. The […]

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79% effective average tax rate for mines seen ‘too high’

Mining companies warned the government’s proposed 79 percent effective average tax rate (EATR) will make the country’s mining sector uncompetitive and scare investors away in a fresh round of campaigns against the proposed new mining bill. In a joint forum of the Philippine Business Groups and the Joint Foreign Chambers of the Philippines at the […]

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15% corporate income tax to replace ITH

The Department of Finance, the government revenue maximizing agency, and the Board of Investments, which is the government’s investment maximizing agency, have agreed to abolish the grant of income tax holiday (ITH) to investors and instead give them a reduced income tax rate of 15 percent for a period of ten years from the current […]

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