Despite the Department of Energy’s (DOE) efforts to cancel renewable energy (RE) contracts that miss their implementation timelines, the agency continues to shy away from investigating the murky waters of potentially questionable project shareholders, and as a result, the industry’s darker...
The 'hotness ' of the Philippines for renewable energy investments may be losing its sizzle. Some foreign investors are now quietly slipping out the back door, leaving behind whispers of uncertainty, a trail of unanswered questions about what went wrong, and a half-empty plate of missed...
Malacañang said the recent arrest and surrender of former president Rodrigo Duterte to the International Criminal Court (ICC) did not change the view of foreign investors of the Philippines. Palace Press Officer and Communications Undersecretary Claire Castro (RTVM) In a press briefing, Palace...
DTI Secretary Cristina Roque discussing Philippine-Japan economic ties with Sumitomo Corp. Department of Trade and Industry (DTI) Secretary Cristina Roque cited the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE...
JINAN, China—The Philippine government has pitched for more Chinese investments in the country, citing its advantage for conducting business, including economic growth and reforms as well as rich talent and demographic pool. Manila's trade representative in Beijing, Glenn Penaranda, led a...
DAVAO CITY – Policy advocacy group Legal Rights and Natural Resources Center is wary of the proposed Investors Lease Act as it could undermine Philippine land lease policies and bring adverse impact to smallholders and indigenous communities. A FARMER removes weeds in her carrot farm...
The plenary hall of the House of Representatives (Dexter Barro II/MANILA BULLETIN) The House of Representatives has overwhelmingly passed on third and final reading the proposed statute that would foreign investors a lease on private...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
The Department of Energy (DOE) is making a bold promise to power plant investors that it will be extending utmost help so they can secure warranted permits with the national government agencies (NGAs) as well as with their host-local government units (LGUs) so that the P1.29 trillion worth of...
Seventeen Japanese companies participated in the business matchmaking event to connect with Filipino business partners and market technologies in agriculture, disaster risk reduction, and the environment. Hosted by Japan International Cooperation Agency (JICA), Rizal Commercial Banking Corporation...
Up to now, Japanese investors mostly in the Philippines' manufacturing sector are still awaiting the refund of value-added tax (VAT) credits totaling P200 billion from the government, a chamber official said. Moving forward, Japanese firms in the country are "fully" supporting the passage of the...
TAIPEI – The Philippines is successfully leveraging on its economic advantage as its export to Taiwan posted substantial growth of 27.38% in this year’s first quarter for an aggregate value of $720.80 million, according to the Philippine Trade & Investment Center (PTIC) here. Conversely,...
