BACOLOD CITY – A 40-year-old man linked to a large-scale investment scam was gunned down in Barangay 2, Hinigaran, Negros Occidental on Tuesday, April 21. Police Lt. Col. Jovil Sedel, Hinigaran police chief, identified the victim as Henjie Cuadra. Sedel said Cuadra and Barangay 2 Kagawad Novem...
President Marcos has signed an executive order that unveils a list of investment areas open to and restricted for foreign investors. Under Executive Order No. 113, dated April 13, the 12th Regular Foreign Investment Negative List (RFINL) is amended. According to the Department of Economy, Planning,...
Special Envoy to the United Arab Emirates Ma. Anna Kathryna Yu-Pimentel on Wednesday, April 15 welcomed the opening of the Manila office of Dubai International Chamber, describing it as a clear result of strengthened diplomatic and economic engagement between the Philippines and the United Arab...
Sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) is pivoting its financing toward energy infrastructure to strengthen national energy security amid a period of sustained volatility in oil markets. In an interview with CNBC last week, MIC President and Chief Executive Officer...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
Net inflows of brick-and-mortar foreign direct investments (FDI) in the Philippines fell to $443 million in January from $729 million a year ago, as rising geopolitical risks weighed on investor sentiment at the start of the year. This marks the lowest level in four months since the $316 million...
Murang Kuryente Party-list Rep. Arthur Yap has suggested what he described as a "more intelligent" use of the Maharlika Investment Fund (MIF) amid the economic hardships that the country is going through due to the fuel price crisis. Yap made this pitch during the first marathon hearing of the...
The Philippines narrowed its net external liability position at the end of 2025, as growth in overseas financial assets outpaced the accumulation of debt, signaling strengthening of the country’s balance sheet with the rest of the world. Data from the Bangko Sentral ng Pilipinas (BSP) showed that...
The Philippines has lagged behind its Association of Southeast Asian Nations (ASEAN) neighbors in attracting Chinese outbound direct investment (ODI), even as other emerging-market (EM) economies in the region continue to benefit from China’s overseas investment growth, according to think tank...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
The Department of Tourism (DOT) is advancing initiatives with Montenegro to attract international investors and expand employment in the country’s travel and tourism sector. DOT Officer-in-Charge Secretary Verna Buensuceso met with Montenegro Tourism Minister H.E. Simonida Kordic to plan...
Investment & Capital Corporation of the Philippines (ICCP) has named former Ayala Land Inc. finance chief Augusto D. Bengzon as its new chairman and chief executive officer. The appointment was announced by Guillermo D. Luchangco, chairman of the ICCP executive committee, who cited Bengzon’s...
