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Foreign chambers express support for FDI-friendly charter amendments

Foreign chambers express support for FDI-friendly charter amendments
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PPA fee hike will hurt consumers—Experts | Cai U. Ordinario and Jasper Y. Arcalas

FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists. Former Tariff Commissioner George Manzano told BusinessMirror the increase in port storage fees could be inflationary, given the country’s dependence on imported goods. Manzano noted… ....

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Arta pins hopes on Senate to clear P200-M fund hike

THE Anti-Red Tape Authority (Arta) has pinned its hopes on the Senate to approve the P200-million increase in its budget for 2024 so it could expand the coverage of its regional operations across the country. Out of the agency’s almost P800-million budget request, Arta Secretary Ernesto V. Perez said the… ....

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PEZA, GPCCI bolster partnership | The Manila Times

THE Philippine Economic Zone Authority (PEZA) and the German-Philippine Chamber of Commerce and Industry (GPCCI) have reaffirmed their partnership to promote the country as an investment destination for German companies. ....

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NEDA to complete draft negative list by second half

BusinessWorld
January 19, 2021 | 7:53 pm
The proposed 12
th Regular Foreign Investment Negative List (FINL) will be presented to President Rodrigo R. Duterte later in the year, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua told
BusinessWorld last week.
Asked if the upcoming list will offer a less restrictive environment for foreign investors, Mr. Chua said via Viber: “That is in the process of review.”
“There are limits to the FINL since some require legislation, so we need to also pass the PSA (Public Service Act), RTL (Retail Trade Liberalization Act), and FIA (Foreign Investment Act) amendments,” he added, noting that the treatment of these industries will be a priority in the new list. ....

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