After months of consultation and research, the Department of Labor and Employment of the Philippines through Secretary Silvestre Bello III signed the new contractualization order which hopes to regulate contractualization and protect workers rights in the country.
Legal Articles
The approval of the 2017 Philippine Investment Priorities Plan (IPP) by President Rodrigo Duterte has prompted investors to revisit opportunities in establishing and expanding businesses within and outside Metro Manila. It would be to any business’ advantage to consider maximizing the incentives provided by the BOI and DTI through the 2017 Investment Priorities Plan.
The Bureau of Internal Revenue has issued new procedures to claim preferential tax treaty benefits for nonresidents covered by tax treaties signed by the Philippines with other countries. Non-residents may now enjoy preferential withholding tax rates for dividends, interest, and royalty earnings from domestic sources.
The new law, RA10881, approved and enforced in the third quarter of 2016, has allowed foreign investors to have full ownership of finance companies in the Philippines.
One sided lease agreements in the Philippines are the rule of thumb and don’t imagine for a second that they are in favor of the lessee. Maybe it is because the lessors are paying the legal fees.
The Philippines and Australia have agreed to increase bilateral trade and investments during the 4th Philippines-Australia Ministerial Meeting (PAMM).
The Philippines is one of the major cruise destinations in Asia. Several factors make the country an attractive cruise destination, and the Philippine government has laid out plans for implementing major improvements in the country’s cruise tourism gateways.
The recent Comprehensive Agreement on the Bangsamoro (CAB) peace agreement between the Philippine government and the Moro Islamic Liberation Front (MILF) has eased tension in the area. Now, ASEAN nations are keen on investing in the resource-rich Philippine region.
The recent Comprehensive Agreement on the Bangsamoro (CAB) peace agreement between the Philippine government and the Moro Islamic Liberation Front (MILF) has eased tension in the area. Now, ASEAN nations are keen on investing in the resource-rich Philippine region.
A recent study conducted by the Japan External Trade Organization (JETRO) shows that the overwhelming majority, seventy-five percent of the 3,471 Japanese firms surveyed, are considering the ASEAN region, including the Philippines, as an investment destination. In mid-year 2013, 700 Japanese firms had set up facilities in various economic zones in the country according to the Philippine Economic Zone Authority (PEZA).