President Rodrigo Duterte emerged invigorated from the May 2019 mid-term elections after his party dominated the polls, marking an endorsement of his policies and the administration’s performance since 2016. Nine out of 12 Senate seats were won by pro-Duterte candidates, with the remaining three taken by independents. The ballot gave the...
While 2018 is unlikely to be remembered as a period of cooperation on global trade, the year did end on a note of cautious optimism for its advocates when, at the G20 summit in Buenos Aires, the US declared a 90-day truce in its 10-month-long trade war with China. Observers hoped that this ceasefire would endure beyond the proposed three-month...
How could the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) affect micro-, small and medium-sized enterprises (MSMEs)?
This chapter contains selected listings of some of the country’s top hotels across a range of its regions, as well as contact details for a range of different embassies, ministries, prominent organisations and other important bodies. In addition, it contains a guide of helpful tips for both leisure travellers and business visitors operating in a professional environment. The chapter also...
This chapter examines the legal system of the Philippines, including recent reforms that have been passed into law and their impact on the business community. The chapter covers amendments to: The New Central Bank Act; The Philippine Deposit Insurance Act; The Anti-Money Laundering Act. In addition, it provides an overview of the newly implemented Act Strengthening Compliance with Occupational...
This chapter examines the tax system of the Philippines, focusing primarily on those stemming from AmBisyon Natin 2040. This includes: The Tax Reform for Acceleration and Inclusion bill; The Tax Reform for Attracting Better and High-Quality Opportunities bill; the Green Jobs Act; The Tax Amnesties Act; and The Tax Amnesty of Delinquencies. This chapter also outlines which processes can now be...
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