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The government hopes to entice more offshore wind power projects after the Board of Investments (BOI) approved three offshore wind projects totaling Php 390 billion..

The Philippines is inviting Chinese companies to bring in their technology and expertise in equipment design and manufacturing for solar and wind power generation, according to the Department of Trade and Industry (DTI). “We also welcome investors in the related sectors of battery energy storage systems and off-grid power supply…

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The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) said it is hoping to meet with the Office of the President (OP) to address the issue on incentives rationalization to help attract more investments and be at par with Philippines’ Asean neighbors. Foremost among the issues being faced…

Additional revenues gained from the implementation of the Comprehensive Tax Reform Program and previous reforms jumped by 26.3 percent to P202.8 billion last year from the previous year’s P160.5 billion, according to the Department of Finance.

‘Let RTWPB, not the Senate, decide on wage increase’

The Senate Committee on Labor, Employment and Human Resources on Wednesday approved “in principle” a bill which seeks to increase the minimum wage by P150 for the entire country, Senate President Juan Miguel Zubiri said.

The research arm of the Fitch Group has raised its 2023 budget deficit forecast for the Philippines to 6.4 percent of gross domestic product, from an earlier estimate of 6.1 percent, on the back of slower economic growth. In a commentary,Fitch Solutions Country Risk & Industry Research said the Philippines remains on the path of fiscal consolidation over the medium term, but at a more gradual pace.

SyCipLaw’s Doing Business In The Philippines: A General Guide (2023 Update). Legal News and Analysis - Philippines - Competition & Antitrust, Corporate/M&A, Regulatory & Compliance, Tax -

The stage is set for greater foreign ownership of certain sectors as the National Economic and Development Authority released yesterday the implementing rules and regulations for the law amending the Public Service Act.