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...
The Philippines is planning to ease existing hurdles to trade with Turkey as it looks to encourage investments in the country’s manufacturing and infrastructure sectors, according to the Board of Investments (BOI). In a statement, the investment promotion agency said BOI managing head Ceferino...
Metro Pacific Investments Corp. (MPIC) reported a five percent increase in first-quarter core profit as robust demand for power and healthcare services offset higher interest expenses and the diluted stake in its water utility. Manuel V. Pangilinan, MPIC chairman, president, and chief executive...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Metro Pacific Water (MPW) will deploy ₱3.81 billion in capital expenditure for this year, targeting aggressive infrastructure expansion in Dumaguete and Iloilo to buffer against climate-induced supply volatility. In a statement on Thursday, April 30, Andrew Pangilinan, MPW president and chief...
Sy-led SM Investments Corp. (SMIC) is shrugging off geopolitical tensions in the Middle East as a manageable disruption, betting that its diversified consumer-driven portfolio and disciplined capital management will shield it from global volatility. Amando M. Tetangco Jr., SMIC chairman, said the...
SM Investments Corp. (SMIC), the investment holding company of the Sy family, reported a seven-percent growth in consolidated net income to ₱21.5 billion in the first quarter of 2026, from the ₱20.1-billion profit it earned in the same period last year, reflecting steady performance across its...
Real investment activity in the Philippines risks shrinking during periods of global disruption, especially in scenarios where the United States (US) dollar swings wildly and uncertainty surrounding the American economy intensifies. “Investment declines most sharply when dollar strength and...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
The Board of Investments (BOI) has formalized a tripartite agreement with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. (RCBC) to bolster the pipeline of Japanese capital into the country, targeting a broader array of domestic industrial sectors. In a statement on Monday, April...
Despite escalating tensions in the Middle East, the Board of Investments (BOI) is pressing ahead with investor engagements in the region, as firms signal continued interest in Philippine projects and new opportunities emerge from the country’s inclusion in the United States (US)-led Pax Silica...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
