A demographic partnership between Manila and Tokyo has become more feasible following the enactment of economic liberalization measures that opened wide the Philippines to foreign investors, the Department of Finance (DOF) said. During his recent meeting with Japan Minister for Foreign Affairs...
To bring its planned 18,000 megawatts of renewable energy (RE) ventures into fruition, Ayala-led ACEN Corporation is penciling in a mammoth $18 billion, approximately P900 billion, capital outlay for the targeted solar and wind farm installations in Asian markets. ACEN President and CEO Eric T....
The World Bank Group (WBG) has specified at least “six challenges” or investment risks to investors participating in the targeted 40,000-megawatt offshore wind farm capacity in the Philippines. The hurdles include energy costs; transmission or wheeling of generated electricity; environmental...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
Japanese debt-watcher Rating and Investment Information Inc. (R&I) has maintained the investment grade credit rating for the Philippines on the back of solid growth despite the prolonged pandemic. In a statement, R&I said on Tuesday, April 19, that it affirmed the country’s foreign...
The Philippines’ list of preferred areas of economic activities that the government will be granting juicy tax and incentive packages to is undergoing significant makeover with the implementation of the CREATE (Corporate Recovery and Tax Incentives for Enterprises) Law. The CREATE Law provides...
The Department of Finance (DOF) wants investment promotion agencies (IPAs) to maximize the P58-billion budgetary support they got from the national government by luring more investments into the country. In a statement, Finance Secretary Carlos G. Dominguez III said on Monday, April 18, that...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
State economic managers have lauded Senate Minority Leader Franklin Drilon for his major contribution in the passage of three key economic reform laws that are seen to hasten the country’s recovery from the Covid-19 pandemic. In a letter signed by Finance Secretary Carlos G. Dominguez, Trade...
A Lacson administration will not allow outside investors to exploit Republic Act 11647, or the amended Foreign Investments Act (FIA) of 1991, at the expense of local business owners belonging to the micro, small and medium enterprises (MSME) sector. Presidential candidate Senator Panfilo ‘Ping’...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
Former defense secretary and senatorial candidate Gilbert Teodoro on Wednesday called on the government to provide stable investment policies that would complement the passage of three key economic laws that are aimed to attract more foreign investors in the Philippines. Teodoro, a former Tarlac...
