As the government and private companies start to release bonuses to their employees, the Philippine National Police (PNP) warned that individuals and groups have already intensified their operation to lure people into putting their money to fake crypto investments. Police Brig. Gen. Joel Doria,...
Philippine Regional Investment Development Corporation (PRIDE), a subsidiary of AbaCore Capital Holdings Inc., has entered into an agreement with Highsource Prime Building Inc. to undertake various leisure projects at the Montemaria Shrine at an initial cost of P4.2 billion. In a disclosure to the...
Senator Risa Hontiveros on Monday, November 21 bared a reported plot by a Chinese syndicate to recruit and lure as many Filipinos to be part of a large-scale human trafficking scheme and investment fraud. Sen. Risa Hontiveros bares a reported plot by a Chinese syndicate to recruit Filipinos in a...
Project registration with the Board of Investments (BOI) this year is expected to surpass the P655 billion 2021 level, but may fall short of meeting its P1-trillion target set for the year as investments decisions have been derailed by the eruption of the Russian-Ukraine war. As of Nov. 15 this...
After financial analytics firm S&P Global maintained the Philippines’ long-term foreign currency-rating at BBB+, House Ways and Means Chairman and Albay 2nd district Rep. Joey Salceda credited the Marcos administration for successful economic recovery. Albay 2nd district Rep. Joey Salceda On...
Debt-watcher S&P Global maintained the Philippines' investment grade status with stable outlook as it expects the economy to remain robust on the back of strong domestic demand. S&P on Thursday, Nov. 17, kept the country's long-term foreign-currency rating at "BBB+," which is one notch away...
BDO Capital & Investment Corporation (BDO Capital) was named the country’s Corporate and Investment Bank of the year at the Asian Banking & Finance Awards for the fifth straight year. In a statement, BDO Capital said the remarkable achievement is a testament to its consistent excellence...
The country’s rosy economic environment failed to lure more foreign investments in the third-quarter, data from the Philippine Statistics Authority (PSA) showed. The PSA reported Tuesday, Nov. 15, that the total approved foreign investments in July to September 2022 went down by 22 percent to...
TACLOBAN CITY – Davao del Sur’s most wanted person involved in a multi-million investment scam was arrested in Brgy. 84, Villa Rita Subdivision, San Jose District here on Monday, Nov. 14. The suspect was identified as Garry Simbahon, 44, who has a pending warrant of arrest for estafa. The...
Trade and Industry Secretary Alfredo E. Pascual has convened the Inter-Agency Investment Promotion Coordination Committee (IIPCC), composed of various government investment promotion agencies (IPAs), to provide direction on investment promotion drives and ensure efforts will lead to improvement in...
Ayala-led ACEN Corporation has ramped up its renewable energy (RE) installations pipeline to 20,000 megawatts (20-gigawatt) over the next eight years or until 2030. Labeling the new investment trajectory as the Ayala firm’s ‘bold aspiration’, it was emphasized that the investment growth plan...
Bank of the Philippine Islands (BPI), through its wholly-owned subsidiary BPI Investment Management, Inc. (BIMI), is launching by mid-August 2022 the ALFM Real Estate Income Fund or ALFM REIF which will be worth up to P1 trillion. BIMI said that this is will be the first mutual fund in the country...
