Hong Kong-listed CSC Holdings Ltd., through CS Capital Investment Pte. Ltd., has completed its acquisition of a 26.3 percent stake in the Cabagangon group’s Citystate Savings Bank, Inc. In a disclosure to the Philippine Stock Exchange, CSBank announced that it was informed of the completion of...
Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
Net inflows of brick-and-mortar foreign direct investments (FDI) into the Philippines only increased to $376 million, marking its lowest hike in six months since the $356 million in December last year. Net FDI inflows declined by 17.8 percent from $457 million in June last year, according to the...
President Marcos has signed into law Republic Act No. 12252, amending the Investors’ Lease Act to allow foreign investors to lease private lands in the Philippines for up to 99 years, under stricter safeguards and accountability measures. The new measure, approved on Sept. 3, aims to encourage...
Maharlika Investment Corp. (MIC) has entered into a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will bring electricity to off-grid islands in the Philippines. In a LinkedIn post on Sunday, Aug. 24, MIC President and Chief Executive Officer (PCEO)...
Global investors are flocking to the Philippines due to the country 's booming luxury tourism sector and promising high-return investment opportunities, the Department of Tourism (DOT) said. DOT Secretary Christina Garcia-Frasco said incentives under the CREATE More Act, rising hotel demand,...
Some, if not most, homeowners dream of having a generous lot while still enjoying the privacy they need. This enclave offers space to plan, build, and grow for the long term—set on elevated terrain in Buhangin, Davao City, with sweeping views of nature. This is Northtown Residences 5, the newest...
Net inflows of brick-and-mortar foreign direct investments (FDI) into the Philippines increased to $586 million in May, fueled by stronger investor confidence driven by solid macroeconomic fundamentals, cooling inflation, and ongoing infrastructure growth. Net FDI inflows climbed by 21.3 percent...
Publicly listed holding company Lodestar Investment Holdings Corp., formerly a mining firm, is on the block as a vehicle for backdoor listing as it prepares to expand its capital base to allow for the entry of a future investor, possibly involved in the business of digital assets. In a disclosure...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines increased to $610 million in April, the highest in three months, driven by larger investments in the manufacturing sector from Japan. Net FDI inflows climbed by 7.1 percent from $570 million in April last year,...
TACLOBAN CITY – Newly-elected Northern Samar second district Rep. Edwin Ongchuan has filed a bill institutionalizing the position of Local Economic Development and Investment Promotions Officer (LEDIPO) in all local government units (LGUs) in the Philippines. House Bill 602 seeks to amend...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
