DTI says reforms to improve investment climate

THE Department of Trade and Industry (DTI) said reforms being carried out by the government are expected to improve the investment climate in the Philippines, and invited large economies to help developing countries expand their trade. In a statement on Monday, Trade and Industry Secretary Ramon M. Lopez issued the call for “global inclusiveness” during […] The post DTI says reforms to improve investment climate appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 19th, 2018

Gov’t Reforms Making PH More Competitive: DTI

The government’s continued effort to improve the business environment in order to make the Philippines a more competitive investment destination has been bearing fruit, the Department of Trade and Industry (DTI) said. In a statement, Trade Secretary Ramon Lopez welcomes the country’s 12-notch jump in the 2018 Global Competitiveness Report (GCR) of the World Economic […].....»»

Category: newsSource:  metrocebuRelated NewsOct 23rd, 2018

Enhanced investment transparency sought

There is a need to improve the information content of the country's foreign investment negative list (FINL) in order to provide potential investors with a clearer perspective of the local business climate, which in-turn, is expected to attract foreign direct investment (FDI), a development consultant said. In a policy note,….....»»

Category: newsSource:  journalRelated NewsJun 19th, 2018

Dominguez urges Swiss investors to invest in the Philippines

THE DEPARTMENT of Finance (DoF) has invited Swiss businessmen to set up shop in the Philippines as the Duterte administration pursues more reforms to streamline investment amid its wide consumer base. “We hope Swiss businesses could find a home here — a happy one. We are working very hard to improve the ease of doing […] The post Dominguez urges Swiss investors to invest in the Philippines appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 2nd, 2018

2 key PH reforms cited in World Bank Doing Business report

Two key reforms implemented by the Philippines in the past year to improve the business climate for small and medium enterprises has been cited in the the World Bank Group’s Doing Business 2018: Reforming to Create Jobs......»»

Category: newsSource:  interaksyonRelated NewsNov 2nd, 2017

U.S.-Philippines Partnership Help Boost Revenue for Philippine Government

Manila, December 12, 2018 — The U.S. and Philippine governments recently held a completion ceremony to celebrate the success of a five-year, Php822 million partnership that helped improve fiscal performance in the Philippines. In 2013, the U.S. government, through the U.S. Agency for International Development (USAID), launched a five-year project, Facilitating Public Investment (FPI), to […] The post U.S.-Philippines Partnership Help Boost Revenue for Philippine Government appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2018

U.S.-Philippines Partnership Help Boost Revenue for Philippine Government

Manila, December 12, 2018 — The U.S. and Philippine governments recently held a completion ceremony to celebrate the success of a five-year, Php822 million partnership that helped improve fiscal performance in the Philippines. In 2013, the U.S. government, through the U.S. Agency for International Development (USAID), launched a five-year project, Facilitating Public Investment (FPI), to […] The post U.S.-Philippines Partnership Help Boost Revenue for Philippine Government appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2018

World Bank rolls out $200 billion five-year climate financing

The World Bank is mobilizing $200 billion in climate financing for its member countries over a five-year investment period or from 2021 to 2025......»»

Category: financeSource:  philstarRelated NewsDec 5th, 2018

WB sets $200-billion climate fund | The Manila Times Online

KATOWICE, Poland: The World Bank on Monday unveiled $200 billion in climate action investment for 2021-2025, adding this amounts to a doubling of its current five-year funding. The World BankREAD The.....»»

Category: newsSource:  manilanewsRelated NewsDec 4th, 2018

Drilon hails Senate ratification of bicam report on Corporation Code

Senate Minority Leader Franklin Drilon lauded on Wednesday the Senate ratification of the amendments to the Corporation Code of the Philippines, saying it would help improve country's "ease of doing business." "The enactment of this landmark legislation is not only timely but is also necessary considering the fact that we are lagging behind our neighbors in terms of ease of doing business. This measure will vastly improve the regulatory environment for setting up a business in our country," Drilon said in a statement. READ: Despite reforms, PH 124th in ease of doing business Earlier, the Senate ratified the bicameral conference committee report on amending the Corporation Code. ...Keep on reading: Drilon hails Senate ratification of bicam report on Corporation Code.....»»

Category: newsSource:  inquirerRelated NewsNov 28th, 2018

Philippines, China agree on 10-year cooperation on infrastructure

The Philippines and China have agreed to cooperate on infrastructure for the next ten years to boost economic development and improve their investment environment. .....»»

Category: newsSource:  philstarRelated NewsNov 27th, 2018

Coca-Cola gives sweeter future to sugar farmers

This year’s Masskara Festival turned more festive as Coca-Cola joined again one of the biggest celebrations in the country. The beverage brand, through its social investment arm, Coca-Cola Foundation Philippines, signed partnerships with the Sugar Regulatory Administration, SIMAG Foundation and the Philippine Sugar Research Institute (PHILSURIN) to improve the productivity and well-being of small sugar […].....»»

Category: newsSource:  tribuneRelated NewsNov 18th, 2018

Manila retains investment grade status

The prompt adoption of structural reforms and commitment to pursue its infrastructure buildup program allowed the Philippines to keep its investment grade rating of “BBB,” according to South Korean credit watcher NICE Investors Service. In a report released on 31 October, the NICE announced keeping the investment grade rating on the Philippines with a “stable” […].....»»

Category: newsSource:  tribuneRelated NewsNov 5th, 2018

Philippines slips in Doing Business rank

THE PHILIPPINES managed to improve its score in the World Bank’s annual report that tracks economies’ competitiveness in ease of doing business, but its rank slipped as reforms to streamline transactions and strengthen stakeholder rights were offset by increased layers for import inspection and higher tax registration costs......»»

Category: financeSource:  bworldonlineRelated NewsOct 31st, 2018

Isidro Lapeña to new Customs chief: Improve counter-intelligence

As he prepares for his new job as chief of the Technical Education and Skills Development Authority, outgoing Bureau of Customs commissioner Isidro Lapeña is advising his successor Rey Leonardo Guerrero – former Armed Forces chief – to set in place improved counter-intelligence measures as some personnel in the bureau are engaged in illegal activities and are determined to block reforms......»»

Category: newsSource:  philstarRelated NewsOct 27th, 2018

Gov’t to revoke franchise of non-performing electric cooperatives

DAVAO CITY (MindaNews / 12 Oct) – The government will revoke the franchise of electric cooperatives in Mindanao and allow new players to take over their operation if they fail to improve delivery of services, Energy Undersecretary Felix William B. Fuentebella warned. In an interview during the Mindanao Energy Investment Forum at the Grand Regal Hotel on […].....»»

Category: newsSource:  mindanewsRelated NewsOct 12th, 2018

BOI partners with IFC to improve investments policy and promotion

By Anna Gabriela A. Mogato The Board of Investments (BOI) signed a memorandum of understanding (MOU) with the International Finance Corporation-World Bank (IFC-WB) to develop the country’s investment policy, industrial promotion, and local supplier linkages. In a statement released on Thursday, the lead investment promotions agency announced that an MOU with IFC-WB was signed last Sept. […] The post BOI partners with IFC to improve investments policy and promotion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 4th, 2018

BSP outlines reforms for fund management, debt and FX sectors

The central bank wants to improve the attractiveness of personal retirement accounts by making them accessible online to give Filipinos real-time access to their investments and allow them to choos.....»»

Category: newsSource:  philippinetimesRelated NewsSep 25th, 2018

Mark Cuban donates $10M after Mavericks workplace probe

NBA press release The NBA today issued the following statement about the report by independent investigators regarding workplace conditions at the Dallas Mavericks, following allegations made in a Feb. 20, 2018 Sports Illustrated article: Upon learning of the allegations, Dallas Mavericks owner Mark Cuban notified the NBA and an independent investigation was launched with oversight from the league office. Anne Milgram, former Attorney General of New Jersey, a Professor of Practice and Distinguished Scholar at New York University School of Law, and currently Special Counsel at Lowenstein Sandler LLP, and Evan Krutoy, who spent more than 20 years as a prosecutor in the Manhattan District Attorney’s office and currently heads Krutoy Law, P.C., led the seven-month investigation. The league’s oversight function was led by David Anders, a partner at Wachtell, Lipton, Rosen & Katz and a former Assistant U.S. Attorney for the Southern District of New York. The report was based on information gathered from 215 interviews with current and former Mavericks employees who worked for the team during the past two decades and from the evaluation of more than 1.6 million documents, including emails and other electronic documents. Following the launch of the independent investigation, the Mavericks, under Mr. Cuban’s direction, hired a new Chief Executive Officer, Cynthia Marshall, a former AT&T senior executive, who has since implemented a massive overhaul to improve the organization’s workplace culture. While the investigation was ongoing, Mr. Cuban and Ms. Marshall took a series of steps to enhance the team’s workplace policies and procedures. Under Ms. Marshall’s direction, the Mavericks have replaced or added several new leadership positions in the organization, including a new head of Human Resources, a Chief Ethics and Compliance Officer, a head of Diversity & Inclusion and a new General Counsel. The Mavericks also instituted mandatory “Respect in the Workplace” training for all employees and ownership; created a confidential hotline for employees to share concerns, issues or allegations of misconduct; and established employee resource teams and an external advisory council to ensure a more diverse and collaborative work environment. Ms. Milgram’s and Mr. Krutoy’s extensive investigation, with full cooperation from Mr. Cuban and the Mavericks organization, resulted in a detailed understanding of the scope and substance of the issues. Among the investigation’s key findings: - The investigation substantiated numerous instances of sexual harassment and other improper workplace conduct within the Mavericks organization over a period spanning more than twenty years. - Among other things, the investigation found:     - Improper workplace conduct toward fifteen female employees by the Mavericks’ former President and CEO Terdema Ussery, including inappropriate comments, touching, and forcible kissing;     - Improper workplace conduct by former Mavericks ticket sales employee Chris Hyde, including inappropriate comments to women of a sexual nature, the viewing and sharing of pornographic images and videos, unsolicited and unwanted sexual advances, and violent and threatening outbursts toward co-workers; and     - Two acts of domestic violence perpetrated by former reporter Earl Sneed, including one against a team employee. - The investigators concluded that Mavericks’ management was ineffective, including a lack of compliance and internal controls, and that these shortcomings permitted the growth of an environment in which acts of misconduct and the individuals who committed them could flourish.  In particular, the investigators found:         - The Mavericks executive leadership team failed to respond adequately and committed a significant error in judgment by retaining Mr. Sneed following his domestic violence incidents; and         - The Mavericks’ executive leadership team was responsible for allowing Mr. Hyde to remain employed with the organization despite his inappropriate and problematic behavior, and failed adequately to address his various acts of misconduct.         - The investigators found no evidence that Mr. Cuban was aware of Mr. Ussery’s misconduct.  None of the 215 witnesses who were interviewed stated that they informed Mr. Cuban of Mr. Ussery’s actions, the investigators found no documentary evidence of such a communication, and Mr. Cuban stated that he did not know about the conduct.   The investigation report also contains a series of recommendations for changes to the Mavericks’ organization, including:     - Increasing the number of women on staff, including in leadership positions;     - Enhancing formal reporting processes for victims of misconduct;     - Implementing regular anonymous employee surveys to evaluate workplace culture; and     - Expanding and improving the Mavericks’ Human Resources department and instituting clear protocols for investigating workplace misconduct. The report confirms that several of these steps have already been taken, including the hiring of Ms. Marshall and other new senior female leaders, and notes that “we heard from employees of a sea change in the professional environment at the Mavericks that began almost immediately following” the publication of the Sports Illustrated article. In recognition of the institutional and other failures set forth in the report, Mr. Cuban has agreed to contribute $10 million to organizations that are committed to supporting the leadership and development of women in the sports industry and combating domestic violence.  These organizations will be selected by an advisory council of leaders from the Mavericks, including Mr. Cuban and Ms. Marshall, and the NBA, including President of Social Responsibility & Player Programs Kathy Behrens, President of Team Marketing & Business Operations and Chief Innovation Officer Amy Brooks, and Chief Diversity & Inclusion Officer Oris Stuart. Additionally, the NBA is requiring the Mavericks to:         - Provide the league office with quarterly reports regarding the recommendations set forth in the report and their implementation;         - Immediately report to the league office any instances or allegations of significant misconduct by any employee;         - Continually enhance and update annual “Respect in the Workplace” training for all staff, including ownership; and         - Implement a program to train all staff, including ownership, on issues related to domestic violence, sexual assault, and sexual harassment. “The findings of the independent investigation are disturbing and heartbreaking and no employee in the NBA, or any workplace for that matter, should be subject to the type of working environment described in the report,” said NBA Commissioner Adam Silver. “We appreciate that Mark Cuban reacted swiftly, thoroughly and transparently to the allegations first set forth in Sports Illustrated – including the immediate hiring of Cynthia Marshall as CEO to effect change, but as Mark has acknowledged, he is ultimately responsible for the culture and conduct of his employees. While nothing will undo the harm caused by a select few former employees of the Mavericks, the workplace reforms and the $10 million that Mark has agreed to contribute are important steps toward rectifying this past behavior and shining a light on a pervasive societal failing -- the inability of too many organizations to provide a safe and welcoming workplace for women.” Following the allegations made in the Sports Illustrated article, the NBA conducted a thorough review of its existing policies and procedures related to respect in the workplace, and required all NBA teams to do the same. In addition, the league established a confidential leaguewide hotline for team and league employees to report workplace misconduct including, but not limited to, sexual harassment, discrimination and retaliation.  While many of the recommendations contained in the investigation report are already part of established practice at the league office, any that are not will shortly be adopted. The report of the independent investigation is available here......»»

Category: sportsSource:  abscbnRelated NewsSep 19th, 2018

Gatchalian champions pro-consumer liberalization reforms

September 13, 2018. Senator Win Gatchalian has vowed to champion liberalization reforms to build an inclusive, efficient, and competitive business environment in the Philippines, saying that the resulting influx of foreign direct investment (FDI) will bring about “game-changing benefits” for Filipino… Source link link: Gatchalian champions pro-consumer liberalization reforms.....»»

Category: newsSource:  manilainformerRelated NewsSep 13th, 2018

$126 million lost every day to natural disaster in Asia-Pacific

HANOI --- Two years ago, Asia-Pacific lost US$126 million a day due to natural disasters.   In 2016, 0.4 percent of the Asia-Pacific region's GDP was lost to natural disasters, with some 11.2 million people displaced. By the year 2030, GDP losses are estimated hit 1 percent.   In percentage of annual capital investment, 2016's loss amounted to 5 percent of the figure, a very high number compared to other parts of the world such as Europe and Central Asia.   Many Asean countries are among the most affected by climate change, especially the Philippines and Vietnam, said a report by the United Nations International Strategy for Disaster Reduction (UNISDR...Keep on reading: $126 million lost every day to natural disaster in Asia-Pacific.....»»

Category: newsSource:  inquirerRelated NewsSep 13th, 2018