Despite a strong 29.9 percent increase in foreign direct investment (FDI) in December 2023, the country’s full-year 2023 FDI net inflows reached only $8.9 billion, a 6.6 percent decline, from the $9.5 billion net inflows recorded in 2022, data from the Bangko Sentral ng Pilipinas (BSP)...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN)) President Marcos has proven himself to be "best salesman" of the Philippines based on the investment pledges he has collected from his trips abroad. Thus, said Senior...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) President Marcos' relentless efforts to woo foreign investors are beginning to bear fruit, House Speaker Martin Romualdez said on Sunday,...
Foreign investment pledges more than doubled in the last quarter of last year, with the energy industry accounting for the majority of the investments, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report, total foreign investments approved by investment promotion...
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...
Investors' confidence in the Philippines remains solid despite the decline in the country's foreign direct investment (FDI) inflows in the first half of the year, a Cabinet member said. Trade Secretary Alfredo Pascual said in a Presidential Communications Office (PCO) statement that this is...
House Speaker Martin Romualdez (MANILA BULLETIN) Taking a cue from President Marcos, the House of Representatives will be conducting an extensive study on how to make current laws facilitate the entry of more foreign direct investments (FDI) to the...
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...
Now is the time to end 36 years of poverty by easing the 1987 Constitution's limitations on Foreign Direct Investments (FDIs), Senator Robinhood "Robin" C. Padilla said Thursday, March 2. Sen. Robinhood C. Padilla presides over the continuation of the hearing of the Committee on Constitutional...
Foreign direct investments (FDIs) in South East Asia in the first semester of 2020 contracted by 20 percent, but the Philippines is one of only two exceptions that bucked the investment trend with its FDI inflows rising 20 percent, the United Nations Conference on Trade and Development (UNCTAD)...
