President Marcos has signed an executive order that unveils a list of investment areas open to and restricted for foreign investors. Under Executive Order No. 113, dated April 13, the 12th Regular Foreign Investment Negative List (RFINL) is amended. According to the Department of Economy, Planning,...
The Department of Foreign Affairs (DFA) on Tuesday, April 14, noted a decline in repatriation requests from non-overseas Filipino workers (non-OFWs) following the recent ceasefire between the United States and Iran, signaling a temporary easing of tensions in the Middle East. In its latest update,...
Foreign ministers of the Association of Southeast Asian Nations (ASEAN) on Monday, April 13, urged sustained diplomacy and restraint following recent developments in the Middle East, while welcoming a temporary ceasefire between the United States and Iran. Department of Foreign Affairs (DFA)...
Net inflows of brick-and-mortar foreign direct investments (FDI) in the Philippines fell to $443 million in January from $729 million a year ago, as rising geopolitical risks weighed on investor sentiment at the start of the year. This marks the lowest level in four months since the $316 million...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
Vice President Sara Duterte insisted that the current state of the nation has failed Filipino soldiers, citing the absence of a clear and independent foreign policy. "Sadly, the state of our nation today reveals how we failed the Filipino soldier," Duterte said in her speech during the...
The leading advocacy coalition representing foreign investors is urging the government to strengthen its policies on cloud-enabled governance to further improve the country’s ease of doing business and make the entry of investments more seamless. In a statement on Wednesday, April 8, the Joint...
Iran is not imposing any "toll fees" on Philippine-flagged oil vessels passing through the Strait of Hormuz following Tehran 's assurance of their unhampered passage. "On question regarding the reported toll fee, there is no toll fee," the Department of Foreign Affairs (DFA) said after...
The Philippines has asked Iran to be designated as a “non-hostile” country in the Strait of Hormuz as the government is struggling to meet its oil needs due to the waterway’s partial closure. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro on Wednesday, April 1, sat down...
Senator Erwin Tulfo praised President Marcos for his "decisive action" in declaring the official Philippine names of 131 features in the Kalayaan Island Group (KIG)—an important step in reinforcing the country 's sovereign rights. "We recently convened with the leaders of Kalayaan Island...
The Department of Justice (DOJ) has ordered the visa extension until May 1 of foreigners who are affected by the Middle East conflict. In a press briefing on Tuesday, March 31, DOJ Acting Secretary Fredderick A. Vida said the automatic extension of visas will be at no cost to foreigners like...
The Philippines has lagged behind its Association of Southeast Asian Nations (ASEAN) neighbors in attracting Chinese outbound direct investment (ODI), even as other emerging-market (EM) economies in the region continue to benefit from China’s overseas investment growth, according to think tank...
