FIRB identifies 3 barriers to foreign investments By Chino S. Leyco The prolonged pandemic, high costs of doing business, and foreign equity restrictions in the Philippines are the main barriers to foreign investments in the country, the Fiscal Incentives Review Board (FIRB) said on Wednesday, Jan....
Sharon Cuneta recently shared with fans the progress of their new home in Silang, Cavite City. On Instagram, she shared photos of her and her family as with the construction team behind the so-called mega-mansion. She wrote: "Our first visit to our home-in-construction in Silang today. By our...
Millennial Resorts achieves the first EDGE certification for Resort Hospitality in the Philippines TRANQUILITY EDGE-Certified Millennial Resorts feature the Cocoons and Club Laiya Millennial Resorts has achieved the very first EDGE (Excellence in Design for Greater Efficiencies) certification for a...
Integrated logistics firm Airspeed of SM Investments Corp. has allowed the free use of its Manila and Cebu warehouses for storing relief goods to be consolidated and transported to disaster areas hit by Typhoon Odette (Rai). Airspeed in a statement said it has also offered its air freight...
SM Investments Corporation (SMIC) has issued a statement reiterating that it has never had any ownership of nor is it in any acquisition talks for a property in Barangay Patungan, Maragondon, Cavite that is the subject of a court-ordered demolition. “The area of the demolition incident that...
Lloyd Laboratories is in discussion with Livzon Mavpharm Inc., a Chinese technology partner, for its planned COVID-19 vaccine manufacturing project in the Philippines. (UNSPLASH / MANILA BULLETIN) Christopher M. Bamba, Lloyd Laboratories director business development, said they are specifically...
SM Investments Corporation (SMIC), the holding company of the SM Group of Companies, is planning to raise up to P15 billion from a planned bond issuance. The conglomerate plans to issue P10 billion in bonds with an oversubscription option of up to P5 billion. The bonds have been assigned the...
While presidential aspirant Vice President Leni Robredo agrees that more foreign investments are needed to improve public services in the country, she wants to make sure that there are safeguards for Filipino investors in the recently-passed bill that will allow foreign ownership of public...
2GO employee getting his COVID-19 vaccine The Philippine’s largest transportation and logistics provider, 2GO Group, Inc., completed its COVID- 19 vaccination drive after inoculating 96 percent of its workforce. “As a company operating in an essential industry, transporting passengers and...
The Philippines is committed to continue optimizing the use of research and development (R&D) investments and ensuring that R&D outputs will benefit the concerned stakeholders and the public. DOST Secretary Fortunato “Boy” T. de la Peña (PCOO/MANILA BULLETIN FILE) DOST Secretary...
The Philippine Stock Exchange (PSE), in partnership with the Department of Trade and Industry through the Board of Investments (BOI), is holding a forum to encourage firm receiving government incentives to go public. In a statement, the PSE said they will conduct an initial public offering (IPO)...
SM Investments Corporation (SM) bagged three awards conferred by Hong Kong-based Alpha Southeast Asia magazine during its 11th Institutional Investor Corporate Awards 2021. The conglomerate was recognized for Most Organized Investor Relations, Best Senior Management Investor Relations (IR) Support,...
