Alsons Consolidated Resources Inc. (ACR), the publicly listed power vehicle of the Alcantara Group, reported a 15 percent increase in net income for the first quarter of 2026, bolstered by steady contributions from its thermal assets in Mindanao and rising regional demand for electricity. In a...
Foreign investment approvals by the country’s investment promotion agencies (IPAs) surged by more than half in the first quarter of 2026, although overall approved investments—including Filipino-led projects—declined sharply during the period, according to the Philippine Statistics Authority...
Net inflows of brick-and-mortar foreign direct investments (FDIs) in the Philippines shrank by over a third to $1.03 billion in the first two months of 2026 from the $1.58 billion recorded during the same period in 2025. The contraction, which came even before uncertainties tied to the Middle East...
The Multilateral Investment Guarantee Agency (MIGA), the World Bank Group’s (WBG) arm that extends political risk insurance to both private-sector investors and lenders, has renewed its cooperation agreement with the Asian Development Bank (ADB) to support investments and job creation across...
BACOLOD CITY – A 40-year-old man linked to a large-scale investment scam was gunned down in Barangay 2, Hinigaran, Negros Occidental on Tuesday, April 21. Police Lt. Col. Jovil Sedel, Hinigaran police chief, identified the victim as Henjie Cuadra. Sedel said Cuadra and Barangay 2 Kagawad Novem...
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,...
Special Envoy to the United Arab Emirates Ma. Anna Kathryna Yu-Pimentel on Wednesday, April 15 welcomed the opening of the Manila office of Dubai International Chamber, describing it as a clear result of strengthened diplomatic and economic engagement between the Philippines and the United Arab...
Sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) is pivoting its financing toward energy infrastructure to strengthen national energy security amid a period of sustained volatility in oil markets. In an interview with CNBC last week, MIC President and Chief Executive Officer...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
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...
Murang Kuryente Party-list Rep. Arthur Yap has suggested what he described as a "more intelligent" use of the Maharlika Investment Fund (MIF) amid the economic hardships that the country is going through due to the fuel price crisis. Yap made this pitch during the first marathon hearing of the...
The Philippines narrowed its net external liability position at the end of 2025, as growth in overseas financial assets outpaced the accumulation of debt, signaling strengthening of the country’s balance sheet with the rest of the world. Data from the Bangko Sentral ng Pilipinas (BSP) showed that...
