The Anti-Red Tape Authority (ARTA) gears up to implement Green Lanes for Strategic Investments under Executive Order (EO) 18, series of 2023. Said EO defines those that are aligned with the Philippine Development Plan or any equivalent national development plan and can be characterized by significant capital or investment in the country as a strategic investment.
Strategic investments are those with consequential economic impact, positive impact on the environment, significant contribution to the country’s balance of payments, complex technical processes and engineering designs, and will improve the country’s infrastructure capabilities.
Continue reading ARTA gears up Green Lanes for Strategic Investments under EO 18
ARISE Plus Philippines launched the business guidebook aimed to help improve the Philippines’ access to the European Union (EU) market and utilize the EU Generalized Systems of Preferences (EU -GSP+) scheme.
The guidebook provides technical and regulatory requirements to be completed within the Philippines to export to the EU, and measures to meet to cross the EU border.
Under the EU GSP+ scheme, the Philippines enjoys duty-free access for products across around 66% of all EU tariff lines. Among the top GSP+ exports of the country are agricultural goods like coconut oil, tuna, and pineapples as well as electronic goods like vacuum cleaners and pneumatic tires.The Philippines and the EU share a total of EUR 18.4 Billion in bilateral trade in goods. Continue reading ARISE PH launch Guidebook on Exporting to EU
The Presidential Communications Office (PCO) confirmed that PBBM has allowed the creation of a single operating system for all government transactions to improve bureaucratic efficiency in the country and also as part of the ease of doing business program of the country in the sectoral meeting convened last 11 April 2023. Continue reading Creation of Single Operating System for all gov’t transactions in the works
The Private Sector Advisory Council (PSAC) linked strong partnerships with the government towards economic growth. Mr. Sabin Aboitiz – PSAC Lead Convenor and President and CEO of Aboitiz Group, laid out the country’s economic policy directions with the government. The PSAC focuses on six sectors, mainly on 1) Digitalization, 2) Basic Infrastructure, 3) Agriculture, 4) Healthcare, 5) Tourism, and 6) Jobs.
Mr. Aboitiz highlighted the advocacies envisioned under the Basic Infrastructure sector, i.e., streamlined processing of permits for telcos, the launch of the GoDigital Pilipinas (GDP), amendment on the Implementing Rules and Regulations for the Build-Operate-Transfer (BOT) Law, the creation of the Department of Water and the privatization of the operation and maintenance of airports. And for the Healthcare sector, PSAC aims for Philhealth’s digitalization, the ladderized program for nurses, the fully digitized FDA, and encouraged green lanes. Continue reading PSAC linked partnership with government towards economic growth
President Ferdinand “Bongbong” Marcos Jr. (PBBM), in his first State of the Nation Address (SONA), vows to promote streamlined processes in the Bureau of Customs (BOC). Exporters may look forward to a modernized customs administration with global standards during his administration.
BOC started the works and officially launched the Philippine Customs Modernization Program, reducing manual encoding and paper-based processes into complete computerized customs systems on 26 March 2021. This modernization aims to streamline operations and processes by upgrading its systems, procedures, and operational activities. For more information, visit https://customs.gov.ph/philippine-customs-modernization-program/. Continue reading PBBM vows to streamline further the BOC processes
The Bangko Sentral ng Pilipinas (BSP) has expanded QR Ph, the country’s QR code standard, to enable person-to-merchant (P2M) payments to boost the digitalization of small businesses. The use of QR codes for payments has been gaining traction as an alternative to cash or traditional debit and credit card payments. In November 2019, the payment industry participants led by the Philippine Payments Management, Inc. (PPMI), under the guidance of the Bangko Sentral ng Pilipinas (BSP), launched the “QR Ph”, as the National QR Code standard.
QR Ph introduces a standard that would eliminate the need to display numerous QR codes in establishments and to purchase expensive electronic data capture systems. Because of the facility’s interoperability, consumers only need to have one QR code and businesses can use a single system to scan and process payments. The recently launched QR PH P2M payment facility allows buyers to pay even small value transactions such as jeepney or tricycle fares and payments of goods and services to micro, small and medium enterprises (MSMEs) at no cost to the buyer. On an exporter’s end, the said program is beneficial as it is both tailored for convenience and security in dealing with their regular transactions. Given the information on the recurring digital payment transactions of both their retail individual and business customers, exporters are now provided data that would help them build financial profiles of their target client base through which they can design customer-centric financial services that are tailored to their specific needs and circumstances.
For more information, please visit www.bworldonline.com.DAC
The Bureau of Customs (BOC) appoints the Philippine Chamber of Commerce and Industries (PCCI) as the National Issuing and Guaranteeing Association (NIGA) for the ATA Carnet implementation in the country. PCCI will be the issuer of temporary admission papers, also known as merchandise passports, which allow temporary admission of goods, duties and tax-free for one year (maximum) within and among the ATA Carnet member countries and territories. Continue reading BOC appoints PCCI as the ATA Carnet issuer in the Philippines
The Department of Trade of Industry (DTI) is gearing up digital transformation regarding the formulation and implementation of the Inclusive Innovation Industrial Strategy (i3s) for the Micro, Small, and Medium Enterprises (MSME) in the country. While MSME’s contribution to the Philippine economy is impressive, they were also the hardest hit during the pandemic as many businesses had been forced to close down. Nevertheless, one silver lining in this crisis is the Digital Transformation that we are experiencing now. Continue reading DTI gears up digital transformation for MSMEs
The Export Development Council (EDC), together with the Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc. (PHILEXPORT), and Supply Chain Management Association of the Philippines (SCMAP) reaffirm call for Congress to approve the Public Service Act (PSA) amendments.
The groups highly encourage the Congressional Bicameral Conference Committee to adopt the most liberal provisions between the House and Senate versions in the sectors of (1) airports and seaports, (2) tollways/expressways, (3) air carriers, (4) telecommunications, and (5) public utility vehicles (PUVs). Continue reading EDC and business groups reaffirmed call for Congress to approve Public Service Act amendments
The Export Development Council (EDC) lauds the Bureau of Customs (BOC) for laying out their 10-Point Priority Program for 2022 during the Media Fellowship Meeting on 27 January 2022 at the Port Area, Manila and via Zoom Conference. Such programs are geared towards full automation of Customs procedures to eliminate face to face transactions. More importantly, Import and Export-related programs are also highlighted including the full implementation of the Authorized Economic Operator (AEO) Program and enhancement of trade facilitation.
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