The Philippine economy will receive a boost from increased foreign investments as a result of the newly-amended 1936 Public Service Act (PSA). House Committee on Economic Affairs Chairperson AAMBIS-OWA Party-list Rep. Sharon Garin made this assurance as she noted that the law now allows up to 100...
The Department of Finance (DOF) said the recently approved amendments to retail trade liberalization law along with other economic loosening initiatives will support the continued recovery of trade and economic activity in the country. Finance Undersecretary Gil S. Beltran said the nearly a quarter...
A joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) raised their growth forecast for 2022 to 7.0 percent from 6.0 percent stating the economic recovery is back on the fast growth lane. In the January issue of the Market Call, FMIC and UA&P...
Miss Universe 2015 Pia Wurtzbach proudly shared with fans her recent achievement. On Instagram, she uploaded photos of her unfurnished house. Welcome Home, Pia!," she wrote as caption. "ops...practice lang!" "So pano ba to, BYOB na ba? Bring Your Own Bangko? Wala pang laman tong bahay ko LOL!" She...
Aspiring president Vice President Leni Robredo stressed that investments will only dramatically rise if the country has a "strong and stable political and economic climate." Vice President Leni Robredo (OVP photo) In her speech during the Semiconductor and Electronics Industries in the Philippines,...
Sputnik vaccines Russia's COVID-19 vaccine Sputnik V has showed a "strong protection" against the highly infectious Omicron coronavirus variant, the Russian Direct Investment Fund (RDIF) and the Gamaleya National Research Center of Epidemiology and Microbiology said on Thursday, Jan. 20. “Sputnik...
Manulife Investment Management and Trust Corp. (Manulife IM Philippines) launched a new unit investment trust fund (UITF) focused on the technology sector. Manulife Global Technology Equity Feeder Fund will offer a growth-oriented, professionally managed and diversified approach to investing in the...
The Philippines is still a lucrative destination for foreign investors with its long-term favorable growth prospect being bolstered by a strong recovery in foreign direct investments (FDI), the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Thursday, Jan. 19, noting...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
Ayala Corporation is investing a total of $237.5 million for the acquisition of minority stakes in two firms with extensive business interests in Myanmar: Singapore-listed Yoma Strategic Holdings Inc. (YSH) and First Myanmar Investment Public Co. Ltd. (FMI). In a disclosure to the Philippine Stock...
