Toy manufacturers from Hong Kong are considering of investing in the Philippines as they showed strong confidence in the country. This was disclosed by the officers and members of the Toys Manufacturers’ Association of Hong Kong (TMHK) who joined an online information session with the Philippine...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
The Board of Investments (BOI) has recently approved the application of CHRG Electric Vehicle Technologies, Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits on a non-pioneer status under the current Investments Priorities Plan listing of Innovation...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
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...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
Trade and Industry Undersecretary Ceferino S. Rodolfo The Board of Investments (BOI), the country’s premier investment promotion and generation agency, is confident of hitting its P1 trillion investments target this year despite the pandemic that has slowed down domestic and global businesses....
Finance Secretary Carlos G. Dominguez III has expressed dismay over the Board of Investment’s (BOI) failure to attract foreign companies that were moving their productions out of China. MB file Speaking at the virtual 46th Philippine Business Conference and Expo, Dominguez said that the...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
Husband Rodjun Cruz shares more photos of their new family Celebrity couple Rodjun Cruz and Dianne Medina welcomed their baby boy, Rodolfo Joaquin Diego III on September 10. Rodjun’s first post was that of his baby’s tiny hands holding his fingers, “I love you so much, my son. I will hold...
