The Philippines is still a lucrative destination for foreign investors with its long-term favorable growth prospect being bolstered by a strong recovery in foreign direct investments (FDI), the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Thursday, Jan. 19, noting...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
Ayala Corporation is investing a total of $237.5 million for the acquisition of minority stakes in two firms with extensive business interests in Myanmar: Singapore-listed Yoma Strategic Holdings Inc. (YSH) and First Myanmar Investment Public Co. Ltd. (FMI). In a disclosure to the Philippine Stock...
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...
The Senate has ratified the bicameral conference committee report on the bill that seeks to promote foreign investments in the Philippines. Senator Imee Marcos, who chairs the Senate Committee on Economic Affairs, who presented the bicam report on the reconciled version of Senate Bill No. 1156 and...
Believing that education investment is a mobilizer of coronavirus disease (COVID-19) recovery efforts and the futures of education, the Department of Education (DepEd) called for the renewal of commitment to prioritize education during an international meeting. Photo taken at Mother of Good Counsel...
The Philippines has encouraged Japanese businessmen to keep the country as a "top-of-mind" investment destination during a recent virtual economic briefing with Japanese companies. (Photo courtesy of the DFA) Philippine Ambassador to Japan Jose C. Laurel V urged the foreign firms in the briefing...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
Using his "global celebrity stature", presidential aspirant Sen. Manny Pacquiao said on Thursday, Nov. 18 that he will lure foreign direct investments (FDIs) to the Philippines and provide jobs for the country's poor. Senator Manny Pacquiao2 Pacquiao mentioned he has at least 10 international...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
