The Philippine Statistics Authority (PSA) reported that committed foreign investments last year went up 25 percent as the local economy reopened after the prolonged pandemic. Data from the PSA showed Thursday, Feb. 16, that the total approved foreign investments reached P241.89 billion in January...
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
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’...
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...
Senator Christopher “Bong” Go has commended President Duterte for signing Republic Act (RA) 11647 which introduces amendments to the Foreign Investments Act of 1991 that would further encourage and promote foreign direct investments in the Philippine economy. ‘’We thank President Duterte...
President Duterte has signed the measure that amends the country's Foreign Investments Act, thereby easing rules on foreign businesses in the Philippines. President Rodrigo Duterte (Malacañang file photo) A copy of Republic Act (RA) No. 11647 showed that the President signed the amendments on...
House Committee on Economic Affairs chairperson and AAMBIS-OWA Party-list Rep. Sharon Garin is hopeful that the proposed New Public Service Act will soon be signed into law by President Duterte. This, after the measure was transmitted to the Office of the President for enactment last Monday, Feb....
Approved foreign investments jumped last year amid improving economic condition despite the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report on Tuesday, Feb. 15, total foreign investments reached P192.34 billion from January to December last...
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...
Editorial The enactment of an updated Public Service Act (PSA) in the first quarter of 2022 has become distinctly possible after the passage of the Senate bill that would be harmonized with the House of Representatives’ bill. This would complement the earlier enactment of the Retail Trade...
