Kittelson & Carpo Consulting – News and Advisories
We provide weekly updates on the latest news that affect local and foreign companies doing business in the Philippines.
Acting Socioeconomic Planning Secretary Karl Kendrick Chua announced that the updated economic blueprint will focus on fixing the COVID-19 situation in the Philippines.
The Securities and Exchange Commission, in a reminder issued on January 13, has set the deadline for the manual and electronic filing of Notice to Retain Specific Corporate Term. The notice shall be filed along with the Director’s Certificate on or prior to February 23, 2021.
The Bureau of Investments (BOI) announced that the total of its approved investments is down by 11% in 2020, despite reaching the ₱1 trillion level. BOI Chairman and Trade Secretary Ramon Lopez states that the value of total approved investments, reaching ₱1.02 trillion, is the second-highest level achieved by the agency.
The Bangko Sentral ng Pilipinas (BSP) is planning to streamline the loan application process for micro, medium, and small enterprises (MSMEs) to increase its accessibility amid the COVID-19 pandemic in the Philippines.
The Securities and Exchange Commission (SEC) warns the public from participating in investment schemes of two unauthorized investment groups.
The Malacañang approves the 2020 Investment Priorities Plan (IPP), granting tax incentives to several business activities in response to the COVID-19 pandemic.
The Department of Trade and Industry (DTI) announced that seven food manufacturing companies have confirmed that there will be no increase in their prices on Noche Buena products amid the COVID-19 pandemic.
The Department of Trade and Industry (DTI) places the Philippines as an investment destination amid the growing tension between the United States (US) and the European Union (EU) by leveraging their tariff perks in both economies.
The Department of Trade and Industry (DTI) is aiming to complete the e-commerce roadmap within this year. The e-commerce roadmap of 2022 is aimed at improving the market access of businesses through digitization and logistics integration.
The Securities and Exchange Commission (SEC), in a public notice dated September 21, 2020, has implemented a mandatory one-time 60-day grace period covering all existing, current, and outstanding loans as a relief to borrowers pursuant to Republic Act (RA) No. 11494, otherwise known as the Bayanihan to Recover As One Act.