Press Releases

AmCham Comment on 2017 Philippine Net FDI 2018

March 15, 2018

March 15, 2018 COMMENT ON TOTAL 2017 NET FDI IN THE PHILIPPINES As long-time strong proponent of increased FDI in the Philippines, the American Chamber of Commerce of the Philippines is pleased to learn from the March 12 Bangko Sentral Pilipinas announcement that the country recorded a net inflow of US$10.05 billion in 2017. This is great progress from 2010 when we advocated an annual FDI target of $7.5 billion after the year of 2009 when net FDI was $2.04 billion. The 2018 amount represents a 400% increase over 2009. FDI remains very strong throughout Southeast Asia. Data taken from...

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Status of the Incoming Third Telecommunication Company

March 05, 2018

The American Chamber of Commerce’s Information and Communications Technlogy Committee held its first monthly briefing of the year entitled “Status of the Incoming Third Telecommunication Company” on 27 February 2018 at City Garden Hotel, Makati City. Said event was graced by the presence of Mr. Eliseo Rio, Jr., OIC-Secretary, Department of Information and Communications Technology (DICT). This event tackled the bidding process, current challenges of the Philippines on internet service, and the role of DICT in ensuring Filipinos get the proper internet service they deserve. As the country with one of the slowest internet service, DICT OIC-Secretary Rio believes that...

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The Rise of E-payment in the Country: Is the Philippines Ready to Go Cashless?

March 05, 2018

The Financial Services and Taxes & Tariffs Committee held it 2nd committee meeting last February 27, 2018 from 10:00 a.m. to 12 noon at AmCham Hall. Ms. Carmelita Araneta, the General Manager of the Philippine Payments Managements Inc. (PPMI), an industry-led self-governing body which aims to strengthen the cashless payment system in the country, specifically in the national retail payment system was the guest speaker in the said meeting. PPMI is recognized by the Bangko Sentral ng Pilipinas (BSP) as the Payment System Management Body (PSMB) and just incorporated as PPMI last year August, and Memorandum of Agreement (MOA) with...

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AmCham Mindanao Feb 8 GMLM

February 12, 2018

The AmCham Mindanao Chapter had its first General Membership Luncheon Meeting last February 8 at the Marco Polo Davao with Secretary Ernesto Pernia of Socio-Economic Planning, National Economic Development Authority (NEDA). He discussed the administration’s policy agenda and the details of our medium-term development plan and share updates on the programs and projects in Mindanao. He started his speech in sharing recent economic performance of the country and explained the President’s thrust on regional and rural development and reducing inequality is embodied in the Philippine Development Plan, 2017-2022. Through a series of interagency consultations at the national and local levels,...

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Briefing on TRAIN

February 05, 2018

January 31, 2018 - The Financial Services and Taxes & Tariffs (FSTT) Committee Meeting held its first meeting for the year on 31 of January 2018 from 10 a.m. to 12nn held at KMC Solutions. Atty. Fabian de los Santos, a partner in SGV discussed about the first package of the Tax Reform for Acceleration and Inclusion (TRAIN).  Salient points discussed were the following: TRAIN impact on the Philippine Economy- The Philippine Stock Exchange, Inc. (PSE) Index recorded the Philippines stock at the highest this 2018. The peso also strengthened because of the strong remittance and equity inflows. TRAIN is...

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TRAIN Package 2 Consultation with DOF and DTI

January 29, 2018

Members listen as USec. Karl Chua discusses the TRAIN 2 Package. January 23, 2018 - AmCham hosted a consultation on the second package of Tax Reform for Acceleration and Inclusion (TRAIN) at the Asian Institute of Management. The said forum was led by a presentation from the Department of Finance (DOF) Undersecretary Karl Kendrick Chua and the Department of Trade and Industry Undersecretary Ceferino Rodolfo. Undersecretary Chua's talk focused on the background of package 2 and its rationale (cost and benefits). According to Chua, TRAIN Package 2 aims to lower corporate income taxes (CIT) and rationalize fiscal incentives in a...

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Your Partner in Planning Weather and Climate Disasters: UP Project NOAH

January 22, 2018

The American Chamber of Commerce’s Overseas Security Advisory Council (OSAC) and Security Disaster Resources Groups (SDRG) Committee held its first monthly briefing of the year entitled “Your Partner in Planning for Weather and Climate Disasters: UP Project NOAH” on 18 January 2018 at University of the Philippines. Said event was graced by the presence of Dr. Mahar Lagmay, Executive Director of UP Project NOAH who talked about Project (Nationwide Operational Asssessment of Hazards) NOAH and its mechanisms to prevent hazards, and a brief discussion on typhoon and earthquake. Dr. Lagmay emphasized its goal to enhance the preparedness and resilience of the Philippines relative to...

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Central Luzon GMLM: TRAIN Act with Mark Joven

January 22, 2018

The American Chamber of Commerce Central Luzon Chapter had its first GMLM for 2018 featuring the Tax Reform for Acceleration and Inclusion (TRAIN) Act Package 1- RA 10963 at Royce Hotel last January 18, 2018. The said meeting invited Assistant Secretary Mark Dennis Joven of Department of Finance as the guest speaker. A crown of almost 50 attended the meeting and it was indeed a great opportunity for the attendees to learn facts on its impact for business or personal finances. The afternoon event was also graced by Atty. Wilma Eisma, Administrator of Subic Bay Metropolitan Authority. Asec. Joven highlighted...

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1/17 General Membership Luncheon Meeting

January 22, 2018

‘Partner Philippines: Building Value Together’ AmCham kicks-off its first GMLM last Wednesday, January 17, 2018 held at Raffles & Fairmont Hotel. The first speaker of the year is Secretary Ramon Lopez of Department of Trade and Industry, discussed the trading value of the country. The following are the salient points of the presentation: 1) Secretary Lopez discussed the hallmark of Dutertenomics such as a) Better Quality of Life for all, and b) Growth with Equity. The administration endeavoured to lower the poverty from 21.6% in 2015 to 14% by 2022. Further, to increase the Gross Domestic Product (GDP) growth of...

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PWOA Christmas Cocktail Party

December 25, 2017

On December 19, over thirty members of the Professional Women of AmCham Committee joined together to celebrate the holiday season, recognize the most active and supportive members of the committee, and toast to the coming year! Over delicious food and cocktails, the all-women group shared their most important learnings and takeaways, sharing their insights from the past year. The small celebration has been an annual tradition of the Committee and this year was special as Ambassador Sung Kim was invited to give a short message. The Ambassador expressed his appreciation for the Committee and its contributions saying that it has...

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Special Yuletide Forum on Security of Tenure Bills and Other Legislative Updates

December 18, 2017

The Human Capital and Resources (HCR) and Legislative (LegCom) Committees of AmCham organized a special forum this month of December to tackle security of tenure related bills and other legislative updates in the 17th Congress. The event started with an informative legislative update by the LegCom Chairman, Mr. John Forbes focusing on the development of the 12 priority legislation of the Joint Foreign Chambers* and several Philippine Business Groups**. The top 12 in priority list are as follows: Constitutional Amendments (Economic Provisions) Comprehensive Tax Reform Package Apprenticeship Reform Build-Operate-Transfer Law amendments Freedom of Information Corporation Code amendments Public Service Act...

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DOST Programs & Projects: Science for the People

December 18, 2017

The Information and Communication Technology (ICT) and Legislative Committees of the American Chamber of Commerce co-hosted a breakfast forum together with the Makati Business Club (MBC), Canadian Chamber of Commerce (CanCham), Management Association of the Philippines (MAP), and Philippine Chamber of Commerce and the Industry (PCCI) of the Philippines had its monthly briefing at the Makati Shangri-La, Makati City. The said meeting was led by MBC's  Executive Director and Chairman Mr. Peter Angelo Perfecto and Mr. Edgar Chua, respectively. The incoming President of PCCI - Ms. Alegria Limjoco - introduced the keynote speaker, Secretary Fortunato De la Pena of Department...

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Statement by the American Chamber of Commerce of the Philippines: AmCham Philippines Condemns Brutal Murder of Businessman John Ridsdel

June 27, 2017

Manila – April 26, 2016.  The American Chamber of Commerce of the Philippines condemns the brutal murder of Canadian national Mr. John Ridsdel on April 25 in the Sulu islands, where he was being held hostage for a large ransom since being kidnapped on Samal Island last September 21.   AmCham extends its deepest condolences to the Ridsdel family, friends, and others close to this remarkable man.   John Ridsdel was well-known to the American business community in Manila, where he was based for many years. He was a strong believer in the development of the Philippines, to which he contributed as the senior executive of...

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AmCham Philippines Joins APCAC 2016 Washington Doorknock

June 27, 2017

Three AmCham Philippines members (George Drysdale, John Forbes, and Ebb Hinchliffe) were among 34 delegates from eleven countries participating in the three-day APCAC Doorknock June 21-24 in the nation’s capital. The Doorknock meeting was led by Jackson Cox from AmCham Thailand, chairman of the Asia Pacific Council of American Chambers of Commerce (APCAC). The other nine participating AmCham’s were from Australia, Bangladesh,China, Japan, Malaysia, Mongolia, New Zealand, Singapore, Thailand/Myanmar, and Vietnam.   About APCAC. Founded in 1968, APCAC’s mission is to advance the competitiveness of U. S. business in the Asia-Pacific region. Currently it has 29 American chambers as members. The association represents the interests...

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Chatto thanks US Envoy who cares, loves Bohol

June 27, 2017

MANILA, PHILIPPINES - Gov. Edgar Chatto has thanked outgoing US Amb. Philip Golberg for doing significantly for Bohol, a Philippine place and a home to a people that have most impressed him.   Goldberg’s trail of diplomacy and goodwill has helped recover Bohol’s tourism from the impact of the devastating earthquake exactly three years ago on Saturday, October 15.   Chatto on Wednesday personally expressed the Boholanos’ appreciation for the support and help extended to the province by the American envoy.   They met at the Manila Hotel luncheon meeting hosted by the American Chamber of Commerce (AmCham Philippines) in...

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AmCham Members Invest USD 10M on CSR for PH

June 27, 2017

MANILA, PHILIPPINES – With the intention of determining how member companies of the American Chamber of Commerce of the Philippines (AmCham) institutionalize their Corporate Social Responsibility (CSR) activities, a simple survey was conducted by the Chamber to quantify and document how the CSR programs of these member companies contribute to the welfare of Philippine society and what activities they are usually engaged in.   Fifteen percent (15%) of AmCham member-companies participated in the survey. The overall annual contribution quantifies to a total of USD 10 million (PHP 480 million) with activities focused on the areas of Education, Poverty and Hunger...

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AmCham Members Invest USD 10M on CSR for PH

June 22, 2017

MANILA, PHILIPPINES – With the intention of determining how member companies of the American Chamber of Commerce of the Philippines (AmCham) institutionalize their Corporate Social Responsibility (CSR) activities, a simple survey was conducted by the Chamber to quantify and document how the CSR programs of these member companies contribute to the welfare of Philippine society and what activities they are usually engaged in. Fifteen percent (15%) of AmCham member-companies participated in the survey. The overall annual contribution quantifies to a total of USD 10 million (PHP 480 million) with activities focused on the areas of Education, Poverty and Hunger Alleviation,...

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Business Groups Calls for the Full Implementation of the Sin Tax Law

June 09, 2017

The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department. The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department. The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department. The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department. The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department.. The Philippine Business Group and Joint Foreign Chambers, a coalition...

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American Chamber of Commerce of the Philippines' Statement of support for President Duterte and Secretary Dominguez to fight smuggling and tax evasion

June 09, 2017

The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions. The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions.. The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions. The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions.   The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions. The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive...

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Press Releases