The plenary hall of the House of Representatives (Dexter Barro II/MANILA BULLETIN) The House of Representatives has overwhelmingly passed on third and final reading the proposed statute that would foreign investors a lease on private...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
The Department of Energy (DOE) is making a bold promise to power plant investors that it will be extending utmost help so they can secure warranted permits with the national government agencies (NGAs) as well as with their host-local government units (LGUs) so that the P1.29 trillion worth of...
Seventeen Japanese companies participated in the business matchmaking event to connect with Filipino business partners and market technologies in agriculture, disaster risk reduction, and the environment. Hosted by Japan International Cooperation Agency (JICA), Rizal Commercial Banking Corporation...
Up to now, Japanese investors mostly in the Philippines' manufacturing sector are still awaiting the refund of value-added tax (VAT) credits totaling P200 billion from the government, a chamber official said. Moving forward, Japanese firms in the country are "fully" supporting the passage of the...
TAIPEI – The Philippines is successfully leveraging on its economic advantage as its export to Taiwan posted substantial growth of 27.38% in this year’s first quarter for an aggregate value of $720.80 million, according to the Philippine Trade & Investment Center (PTIC) here. Conversely,...
Surigao del Norte 2nd district Rep. Robert Ace Barbers (Dexter Barro II/MANILA BULLETIN) A veteran lawmaker in the House of Representatives has reiterated that the risks Philippine Offshore Gaming Operators (POGOs) bring to the country far outweigh its...
(Unsplash) Camarines Sur 2nd district Rep. LRay Villafuerte is pushing for the reinvigoration of the country’s garment and textile industry to entice foreign investors who are now leaving China to relocate their businesses. “The government must take...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
A coalition of business groups urged the government to come up with a hotline platform intended to assist foreign investors in engaging in the Philippines. Special Assistant to the President for Investments and Economic Affairs Secretary Frederick Go and Trade Secretary Alfredo Pascual preside over...
West Philippine Sea (Wikipedia) House Minority Leader 4Ps Party-list Rep. Marcelino "Nonoy" Libanan is worried that international news reports of worsening tensions in the West Philippine Sea (WPS) might shoo away potential foreign investors...
