Foreign investors interested in entering the Philippines' renewable energy sector will be required to secure 167 signatures before they commence operations. While this may seem like a daunting number to many, an industry stakeholder pointed out that this requirement has already been reduced from...
The Department of Finance (DOF) said the Philippines is committed to providing a welcoming environment for potential investors from the United States, symbolically represented by the concept of rolling out a "red carpet." In a statement, Finance Secretary Ralph G. Recto has assured US officials of...
The Philippines saw a significant 29.6 percent drop in foreign direct investment (FDI) with net inflows of $655 million in October 2023 from the $930 million net inflows registered in the same month in 2022. The October figure has brought cumulative net FDI inflows for the period...
CARMONA, Cavite – The province’s newest component city is now working to position itself as a prime location for businesses and foreign direct investments (FDIs). Carmona’s conversion from a first-class municipality into a city was ratified through a...
The European Union, which is composed of 27-member countries, is confident of higher foreign direct investments inflow in the Philippines and robust trade surpassing pre-pandemic levels, but stressed the need to do more to further boost the country’s competitiveness. During the launch of The...
A consensus has been reached by pro--Charter Change (Cha-cha) solons in the House of Representatives to boost the inflow of foreign direct investments (FDIs) to the country, which can be achieved by lifting the supposed overly-protective economic provisions of the 1987 Constitution. House Speaker...
The Philippines should strengthen some fundamental concerns and address key constraints to arrest the country’s inability to capture trade and investment opportunities and compete with the rest of the ASEAN region, according to a senior World Bank economist. Jaime Frias, World Bank senior...
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...
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...
The Department of Finance (DOF) expects the country’s high growth in foreign direct investments (FDIs) to be sustained following the enactment of economic liberalization reform laws. In his DOF Economic Bulletin on Sunday, March 6, Finance Chief Economist Gil S. Beltran said the more than half...
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) 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...
