Now is the time to end 36 years of poverty by easing the 1987 Constitution's limitations on Foreign Direct Investments (FDIs), Senator Robinhood "Robin" C. Padilla said Thursday, March 2. Sen. Robinhood C. Padilla presides over the continuation of the hearing of the Committee on Constitutional...
SM Investments Corporation (SMIC) reported a 27 percent jump in consolidated net income to P25.5 billion in the first half of 2022 from the P20.1 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 23 percent to...
The Subic Bay Metropolitan Authority (SBMA) is targeting P30 billion in investments this year as more manufacturing firms are relocating and expanding while service establishments have reopened their facilities after the pandemic and in anticipation of the huge operation of the US private equity...
ILOILO City Hall at night. (Tara Yap) ILOILO CITY – The city government is reviewing the waste-to-energy proposal of a subsidiary of Metro Pacific Investments Corp. (MPIC). “We are presently evaluating the proposal submitted,” said Mayor Jerry Treñas in a statement. Metro Pacific Water (MPW)...
The Board of Investments (BOI) is confident it would hit its P1 trillion investment approvals target for 2023, citing serious interests from global investors. Trade and Industry Secretary Alfredo E. Pascual, who is also BOI chairman, attributed the renewed interest of multinationals following the...
Allowing the International Criminal Court (ICC) to pursue its investigation against former president Rodrigo Duterte will boost the Philippines' chances of landing foreign investments. Albay 1st district Rep. Edcel Lagman (left) and former president Rodrigo Duterte (Facebook, Malacañang)...
The Marcos administration has been aggressively promoting the country's priority sectors, such as green, innovative, and sustainable manufacturing and services, to attract more foreign investors, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Citing...
The impact of the recent state visit made by President Ferdinand "Bongbong" R. Marcos Jr. and the Philippine delegation to Japan will be felt within the next three years, the Department of Trade and Industry (DTI) disclosed on Tuesday, Feb. 14. DTI Asec. Glenn G. Peñaranda (Screenshot taken from...
Majority or 21 out of total 34 investment pledges signed during the recent official visit of President Ferdinand R. Marcos Jr. to Japan are expected to materialize within three years, according to the Department of Trade and Industry (DTI). DTI Secretary Alfredo E. Pascual described the prospects...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (GenCos) for possible upward adjustment in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM) as existing rate could no longer support warranted return on investments (ROIs) if they...
The SM group of companies was one of the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors (ICD). In a statement SM Investments Corporation said nine companies of the SM Group were recognized for excellence in performance in Corporate Governance. From...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
