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...
Moody's Investors Service has affirmed the investment grade credit rating, with stable outlook, of China Banking Corporation (China Bank) on the back of the Bank’s strong capitalization, profitability, and liquidity amid the COVID-19 pandemic. 31493 In its September 3, 2021 report, Moody’s...
Israeli businessmen are looking into opportunities in the Philippines in the fields of agriculture, water, renewable energy, pharmaceutical, ICT, and government to government defense cooperation. Nir Balzam, deputy chief of mission at the Israeli embassy in Manila “This will be our main focus in...
Debt-watcher Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the pandemic, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up to 2025. In its latest credit analysis report on the Philippines, Moody’s cited its...
Debt-watcher Moody’s Investors Service has lowered its forecast on the Philippine economy for the year as coronavirus battle enters another phase of uncertainty. In a research note released Wednesday, July 21, Moody’s said it is now projecting that the country’s economy, as measured by gross...
Financial technology (fintech) companies in the Philippines are poised to overtake brick and mortar banks, debt-watcher Moody’s Investors Service said. In a commentary on Thursday, July 15, Joyce Ong, Moody’s analyst said that fintech has “abundant room” for growth in the country as 70...
Changing economic policies in our constitution By Karl Aguilar Illustration by Shaun Landaas, design by Jules Vivas Among all the sovereign countries in the world, the Philippines is the only country that has specified in its constitution the limits to which a foreign company or...
The Philippine Economic Zone Authority (PEZA) is eyeing the possible influx of investors from the Kingdom of Saudi Arabia (KSA) once the Philippines subdues the coronavirus disease (COVID-19) pandemic. (Photo from PEZA) “At present, there are only meager Saudi Arabian enterprises registered or...
The “Make It Happen in the Philippines” campaign and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will help foreign investors expand their markets when they invest in the country, Philippine Ambassador to Japan Jose C. Laurel V told Japanese businessmen. The envoy...
The Philippines and Singapore should tap each other’s strengths and explore opportunities for cooperation in developing new digital tools and technologies to take advantage of the growth of start-up companies in the region, the government’s chief economic manager said. During the virtual...
As foreign funds leave for countries that are seen to recover from the pandemic earlier, local retail and institutional investors have been picking up the slack in the Philippine equities market during the first month of the year. The Philippine Stock Exchange (PSE) said local investors accounted...
