Committed investments approved by the Philippine Economic Zone Authority (PEZA) jumped 103 percent to P140.7 billion as of December this year exceeding the agency’s 6-7 percent growth forecast for 2022 and surpassing the amount of investments registered before the pandemic. PEZA OIC Deputy...
Manulife Investment Management (IM) expects a synchronized global growth downturn next year following the aggressive pace of financial tightening in 2022 that would impact the equity and debt markets. In a statement, Sue Trinh, co-head of global macro strategy at Manulife IM, said monetary...
(TANGERE) Half of Filipinos support the proposed Maharlika Investment Fund—a wealth fund that the government can use for investments, a recent nationwide survey conducted by big data research firm Tangere found. In the survey results released on Monday, Dec. 19, Tangere CEO and founder Martin...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
While various big business groups have aired their opposition to the government’s plan to establish a sovereign wealth fund (SWF) called the Maharlika Investment Fund (MIF), the Philippine Stock Exchange came out to voice its support for the proposal. In a short statement, PSE President Ramon S....
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, December 18 said the Senate minority bloc will make an attempt to block the passage of the proposed Maharlika Investment Fund (MIF) bill which they foresee to be a huge risk for the Philippines should it ever become a law. Pimentel...
Despite being in the legislative mill in the House of Representatives for a total of just 18 calendar days, the proposed Maharlika Investment Fund (MIF) underwent a lot of revisions and fine-tuning. Albay 2nd district Rep. Joey Salceda In fact, the measure, embodied in House Bill (HB) No.6608,...
EDITORS DESK Warning! Cybercriminals are always out there looking for someone to scam. This Christmas, expect them to find creative ways to lure victims to believe that what they are presenting are legitimate business offers. To attract you, cybercriminals want you to think that the messages are...
Vice President Sara Duterte on Thursday, Dec. 15, chose to keep her silence regarding the proposed bill that would create the controversial Maharlika Investment Fund (MIF), a sovereign wealth fund set to be managed by the government to boost revenues it can use for infrastructure development and...
The Philippines has gained billions worth of investment deals from top European companies during President Ferdinand "Bongbong" Marcos Jr.'s meetings in Brussels, Belgium. (Malacañang Photo) Malacañang disclosed that the President on his final day in Brussels for the Association of Southeast...
A European firm in the field of renewable energy and infrastructure pledged to invest in the Philippines as President Ferdinand "Bongbong" Marcos Jr. met business leaders from the West at the sidelines of his participation in the ASEAN-EU Summit in Belgium. Marcos secured the commitment of Acciona,...
President Ferdinand "Bongbong" Marcos Jr. has secured a P4.7-billion investment from multinational company Unilever during a meeting in Brussels, Belgium. (Malacañang Photo) Marcos met with Unilever officials led by Matt Close, president of the global business group, on the sidelines of the...
