The Philippine Economic Zone Authority (PEZA) has recognized the valuable contributions of its registered business enterprises (RBEs) and ecozone developers as the country is gearing towards full economic recovery. During its annual Investors' Recognition Day on 25 November 2022, PEZA awarded 33...
Manila Angel Investors Network (MAIN), the largest private investors network in the Philippines, has invested in a Filipino-American-founded, accounting automation startup, Gappify. In a statement, Gappify CEO and founder Jotham Ty said MAIN poured in $283,500 (P16.68 million). Gappify, whose...
Manila Angel Investors Network (MAIN), the largest private investors network in the Philippines, is investing in Singapore-based fintech startup, JiPay, to provide financial services to migrant domestic workers in Southeast Asia. MAIN invested $150,000 dollars to JiPay, an inclusive financial...
Australia believes that the Philippines will have a "very bright" future in terms of business opportunities if the new administration under President Ferdinand "Bongbong" Marcos Jr. continues the reforms initiated by the Duterte administration. Australian Ambassador to the Philippines Steven...
Moody’s Investors Service affirmed China Banking Corporation’s (China Bank) deposit and issuer credit ratings at Baa2 on the back of its strong capitalization and profitability. In a disclosure to the Philippine Stock Exchange, the bank said the rating is a notch above the minimum investment...
To gather feedback and project validation, the Department of Public Works and Highways (DPWH) will conduct a market-sounding webinar about Kennon Road’s rehabilitation, improvement, operations, and maintenance project on Friday, April 8. In a statement, the DPWH said it has been inviting...
A House leader is looking forward to seeing the positive effects of Republic Act (RA) No.11659 or the Public Service Act, which President Duterte signed last week. (Shivendu Shukla/ Unsplash) “Opening up some of our industries like telecommunications, railways, and airlines to full foreign...
Debt-watcher Moody's Investors Service has affirmed China Banking Corp.’s investment grade credit rating in view of its improved capital and profitability to mitigate risks to asset quality. In a statement, China Bank said that in maintaining the its deposit and issuer ratings at Baa2 with a...
shutterstock_511326337 Moody's Investors Service gave a stable outlook for Asia Pacific's telecommunications sector in the next 12-18 months, according to the agency's latest report. Based on its Nov. 30, 2021 report, the Philippines' rising data consumption and broadband use continue to drive...
The wastewater treatment plant of Clark Water Corporation (CWC), a subsidiary of Manila Water Company, Inc., is facing closure after the Department of Environment and Natural Resources (DENR) threatened to not renew the company's Temporary Discharge Permit (TDP). In a statement, Clark Development...
The Philippine Embassy in the United Arab Emirates (UAE) and the Department of Agriculture (DA) have teamed up to encourage Dubai-based international investors to look at the Philippines as an agribusiness destination. Photo from the Department of Foreign Affairs (DFA) According to the Department...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
