by magnolia_eic | Nov 11, 2011 | Business, Headlines, National News
TAGBILARAN CITY, Bohol, Nov. 10 (PIA)–Giseguro ni Trade and Industry Secretary Gregory Domingo nga gipaningkamotan sa gobyerno nga mapadali ang pagnegosyo sa Pilipinas.
Atubangan kini sa gihimong pagtuon sa World Bank nga gi-ulohan og “Ease Of Doing Business” diin migawas nga naa sa ika-upat ang Pilipinas sa “World’s Top Ten Worst Countries for Business”.
Matud pa ni Domingo nga apil na niini ang pagpahiluna sa business permit licensing system sa pakigtambayayong sa Department of Interior and Local Government (DILG) og mga local government unit (LGU) aron mas paspas ang pagproseso sa mga business permit.
Naa na usab ang ipatuman nilang Philippine Business Registry diin makuha na sa negosyante ang ilang business name, TIN, Social Security System (SSS), PAG-IBIG, ug PhilHealth registration sulod lamang sa 30 minutos.
Dugang pa ni Domingo, nagkaproblema lamang sila sa koneksyon sa Securities and Exchange Commission (SEC) tungod kay dili pa sila fully computerized o automated. (PIA- Bohol/ecb)
by ace | Sep 21, 2011 | Business, Headlines, National News
A leading business process outsourcing company has chosen the Philippines as one of its “model centers” that will supply the growing demand for highly trained and skilled workers to cater to clients with “higher end” needs. Bill Bloom, executive vice president of EXL Services, a leading provider of outsourcing and transformation services to Global 1000 companies in multiple industries, called on President Benigno S. Aquino III Monday at the Guggenheim room of the Omni Berkshire hotel here to tell the Chief Executive of their company’s growth and expansion programs in Manila. He said that his company has a growing base of clients who need higher end services than traditional call center work.
Called “middle office,” this type of higher end services caters to work needed by professionals in health and business fields. “So that would include work that is typically provided to physicians, nurses or lawyers or accountants and we’re building models such that we can offer those services to our clients here in the US from our centers in the Philippines,” Bloom said. (PCOO)
by magnolia_eic | Aug 31, 2011 | Business, Headlines, National News
TAGBILARAN CITY, Aug. 31 (PIA)– GI-AGHAT ni Presidente Benigno “Noynoy” Aquino III ang mga negosyante sa China nga pahimoslan ang kahigayonan ug dalhon na ang ilang mga negosyo sa Pilipinas sa dili pa ang tuig 2015.
Sa iyang mensahe atubangan sa 500 ka mga negosyante kalabot sa Philippines-China Trade Forum, miingon ang Presidente nga pag-abot sa tuig 2015, mahimo’ng Northern gateway na ang Pilipinas sa higayon nga matukod ang ASEAN Economic Community.
Matud pa sa Presidente, karon ang tukmang panahon samtang bag-o na ang administrasyon sa Pilipinas ug mas mayo nga magtukod og negosyo.
“We want even more of our people to work with you towards partnerships that are mutually beneficial: After all, by 2015, with the formation of the ASEAN Economic Community, the Philippines will be the Northern gateway to the region. The time to open that gateway, together, is now,” matud pa ni Presidente Aquino.
Giingon’g nakipag-tambayayong na ang DILG ug DTI sa mga governors ug uban pang local officials aron mohimo og mga ordinansa nga tukma sa nasudnong balaod aron mapadali ang pagnegosyo sa mga lalawigan.
Dungan niini, nagpasalamat ang Presidente sa mga negosyanteng Chinese sa ilang mga investments sa Pilipinas ilabi na alang sa development sa Mindanao region.
Partikular na niini ang naa sa $23 milyon nga gibubo sa public work projects sa rehiyon nga may potential mahimong ‘food basket’ sa nasud.
“As I speak, these projects, worth 12 and 11 million dollars respectively, are currently being undertaken; and both are expected to be completed in 2013.These projects are only two examples of the enthusiasm that results from partnerships between our countries,” dugang pa sa Presidente. (PIA-Bohol/ecb)
by magnolia_eic | Aug 31, 2011 | Business, Headlines, National News
PRESIDENT Benigno S. Aquino III’s first state visit to the People’s Republic of China is expected to generate about $2-billion to $7-billion worth of investments from various Chinese companies in support of the public-private partnership (PPP) projects of the administration.
Department of Trade and Industry (DTI) Undersecretary Cristino Panlilio gave this ‘ballpark figure’in an interview he granted with the members of the media at the Traders Hotel here, early Tuesday evening, hours before President Aquino arrived.
Panlilio was firm and positive about the ‘serious investments’ the government would get from various Chinese companies which would likely go to mining, infrastructure, energy, ship building, and the agri-business sectors.
Panlilio said there are Chinese mining firms that have expressed interests in joint ventures with Filipino companies given the country’s richness in major minerals such as gold deposits, copper, nickel, and chromite.
Panlilio also cited significant improvements made by the Aquino administration towards preventing corruption in the government based on the latest assessment made by the World Bank which could increase the level of confidence investors have in the country.
The DTI executive pointed out that President Aquino’s state visit to China has become so significant given the ‘historic high’ number of business delegation (250) that decided to get involved in this presidential trip.
“We’ve never had a business delegation as big as this in the history of presidential trips abroad and what is significant about this trip is that there was so much interest—and, of course, this is KKB (kanya-kanyang bayad). Nobody is in for a free ride here. All [members] of the business delegation are putting good money to be here in support of the President’s drive, you know, for business and trade promotion,” Panlilio said.
by magnolia_eic | Aug 10, 2011 | Business, Headlines, National News
TAGBILARAN CITY, Aug. 9 (PIA) – GISEGURO sa Bangko Sentral ng Pilipinas (BSP) nga magpabiling lig-on sa 42 hangtud 54 nga level ang kantidad sa piso kontra dolyar bisan gipaubos sa Standard and Poor’s sa AA+ rating ang credit rating ng Estados Unidos gikan sa kanhi AAA.
Sa briefing sa Senate Finance committee kalabot sa balaodnon sa 2012 national budget, miingon si BSP Governor Amando Tetanco Jr. nga bisan moubos ang piso, makabarug ra usab kini.
Ang lig-on nga pagsulod sa remittances sa mga Overseas Filipino Worker (OFW), export receipts ug ang igong reserves ang mosuporta sa kalig-on sa piso.
Samtang matud pa usab ni kanhi Budget Secretary Benjamin Diokno, dili angay magpanik ang gobyerno sa gihimo sa Standard and Poor’s nga pagpaubos sa AAA rating sa Estados Unidos sa AA+ nga maoy pinakaubos nila nga rating sukad niadtong tuig 1917.
Dugang pa ni Diokno, lig-on pa gihapon ang ekonomiya ng US kun itandi sa mga nasud sa Europa o bisan sa China.
Bisan pa niini, gitataw ni Diokno nga angay pa gihapon’g mag-andam ang Pilipinas tungod kay siguradong maigo ang nasud kun mohinay ang ekonomiya sa Amerika ug mao kini ang panahon aron mas hingusgan sa kagamhanan ang domestic economy niini. (PIA-Bohol/ecb)
by magnolia_eic | Aug 2, 2011 | Business, Headlines, National News
By: Amy R. Remo
Philippine Daily Inquirer
7:53 pm | Sunday, July 31st, 2011
Continued fuel smuggling and the changing rules in the Philippine taxation system are increasing the uncertainty for international companies to invest in the Philippines, according to Total Philippines president Ernst Wanten. At the sidelines of a conference hosted by the Philippine Institute of Petroleum (PIP), Wanten noted that the huge challenges faced by investors in the oil industry remained the “same as they’ve always been” despite the government’s goal of achieving a “level playing field.” “We’re on the same line with the government on the principle of [having a level playing field]. We can see that and we’re happy with that. It’s simply the capability of doing it, and the way they go about it [collecting
tax or customs duties], which is inadequate,” Wanten explained.
On the issue of fuel smuggling, Wanten admitted that they have a “feeling that smuggling is increasing again.” “We feel more pressure again from the same illegal players that’s always been there. And everything’s the same as before. There was a point, anyhow, after the new government came in last year, we felt there was a real reduction,” Wanten said.
Wanten added that the PIP, of which Total is a member, has been pushing for measures to curb fuel smuggling. “We’ve even proposed how to tackle it. But it’s more of putting it to work.” As for the country’s taxation system, Wanten noted that while the oil industry was in favor of properly taxing everybody, the government, however, was not going after the players who were not paying taxes.
“What we’ve seen in the drive of the new government to increase tax collection is that, to us, it just looks like they are looking at [going after] the normal, legal companies. There is a drive to collect more, but we think the way they’re doing it is not good at all. They’re still not tackling the ones who are not paying taxes,” Wanten said. “The basic [objective] of the drive [to increase tax collection efficiency] is correct. But the way they do it is what we’re not happy with. And it’s a general consensus among [oil] industry players. It also increases the uncertainty for international companies to invest in the Philippines,” Wanten added.
One of the uncertainties that might drive away investments was the Philippine taxation system whose rules, according to Wanten, were not clear and changed retroactively. And this setup, he said, was a unique thing in the world. “The rules are not applied in a consistent way and it just increases the uncertainty of doing business in this country. The ideas are right in the government, but at the moment [these are] not rolled out in the right way and it could have a reverse effect,” Wanten warned.
