The 2022 Annual Stockholders’ Meeting of TOP FRONTIER INVESTMENT HOLDINGS, INC. will be held on July 08, 2022 (Friday) at 2:00 p.m. Due to COVID-19 health concerns, the Company will not hold a physical meeting and will instead conduct the Meeting through remote communication. The proceedings will...
The Fiscal Incentives Review Board (FIRB) has instructed all investment promotion agencies (IPAs) to submit a copy of the schedule of rates for their various services relating to the grant and administration of tax incentives. In a statement, Finance Assistant Secretary and FIRB Secretariat Head...
Approved foreign investments dropped by half in the first three-months of the year despite improving economic condition amid the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report, total foreign investments declined 54 percent to P8.98 billion...
Aspiring president Senator Emmanuel 'Manny' Pacquiao on Friday gave an assurance that at least five foreign billionaires will invest in the country if he wins in the upcoming elections. Pacquiao said this will be part of his efforts to revive the country's economy by allowing more businessmen to...
Alpha Southeast Asia, a Hong Kong-based financial publication, has given BDO Capital & Investment Corporation (BDO Capital) President Eduardo V. Francisco the Achievement Award for Contribution to Local Capital Market. In a statement, BDO Capital said Francisco is the first Filipino recipient...
Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...
A demographic partnership between Manila and Tokyo has become more feasible following the enactment of economic liberalization measures that opened wide the Philippines to foreign investors, the Department of Finance (DOF) said. During his recent meeting with Japan Minister for Foreign Affairs...
To bring its planned 18,000 megawatts of renewable energy (RE) ventures into fruition, Ayala-led ACEN Corporation is penciling in a mammoth $18 billion, approximately P900 billion, capital outlay for the targeted solar and wind farm installations in Asian markets. ACEN President and CEO Eric T....
The World Bank Group (WBG) has specified at least “six challenges” or investment risks to investors participating in the targeted 40,000-megawatt offshore wind farm capacity in the Philippines. The hurdles include energy costs; transmission or wheeling of generated electricity; environmental...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
Japanese debt-watcher Rating and Investment Information Inc. (R&I) has maintained the investment grade credit rating for the Philippines on the back of solid growth despite the prolonged pandemic. In a statement, R&I said on Tuesday, April 19, that it affirmed the country’s foreign...
The Philippines’ list of preferred areas of economic activities that the government will be granting juicy tax and incentive packages to is undergoing significant makeover with the implementation of the CREATE (Corporate Recovery and Tax Incentives for Enterprises) Law. The CREATE Law provides...
