Globe Fintech Innovations, Inc. (Mynt), subsidiary of Globe Telecom and operator of mobile wallet GCash, hauled in close to $1 billion investments to date from a private equity fund. ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management, infused new...
Arran Investment Pte. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC Private Limited, has formalized its 17.5-percent equity acquisition in AC Energy Philippines Inc. (ACEN), a deal which primarily covered P20 billion private placement as part of the ownership take. GIC’s entry...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
Board of Investments Managing Head Ceferino S. Rodolfo has conceded that approved investment commitments in 2020 would fall short of its goal for another P1 trillion mark for the – year. In a briefing with the BOI press, Rodolfo said that as of their latest Board meeting they are still at...
Over five thousand prototypes and quite a number of rejections by manufacturers in a span of more than a decade, one would think that inventor and engineer James Dyson should have given up and pursued a different path. No fear In an exclusive interview with James Dyson, he shared that most of...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
Trade and Industry Secretary Ramon M. Lopez has pushed for more investments and innovation in agriculture in Mindanao stressing this is the best way to ensure growth for this industry and maximize its huge potential to help in the country’s economic recovery. Trade and Industry Secretary Ramon...
Foreign direct investments (FDIs) in South East Asia in the first semester of 2020 contracted by 20 percent, but the Philippines is one of only two exceptions that bucked the investment trend with its FDI inflows rising 20 percent, the United Nations Conference on Trade and Development (UNCTAD)...
Despite the pandemic, Cargill Philippines, the local subsidiary of food and agriculture multinational firm Cargill, is bent on fulfilling its P12.5-billion investment commitment in the country, which it first announced in 2018. Moreover, the company is already seeing a recovery in the demand for...
The US government cited improvements in the Philippine economy and efforts to further ease doing business in the country, but noted the same issues such as corruption, the legal system, human rights violations as significant disincentive to foreign investments while big companies dominate the...
The country’s international investment position (IIP) registered a higher net liability position of $15 billion in the second quarter or up by 45.5 percent compared to $10.3 billion in the first quarter this year, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said this is because the total...
Seasoned singer-actress Sharon Cuneta surprised many of her fans revealing via her latest vlog she has recently been selling some of her properties to get through the pandemic. (YouTube / MANILA BULLETIN) According to the Megastar, the COVID-19 scare led to the shelving of some projects including...
