President Marcos has signed into law Republic Act No. 12252, amending the Investors’ Lease Act to allow foreign investors to lease private lands in the Philippines for up to 99 years, under stricter safeguards and accountability measures. The new measure, approved on Sept. 3, aims to encourage...
Maharlika Investment Corp. (MIC) has entered into a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will bring electricity to off-grid islands in the Philippines. In a LinkedIn post on Sunday, Aug. 24, MIC President and Chief Executive Officer (PCEO)...
Global investors are flocking to the Philippines due to the country 's booming luxury tourism sector and promising high-return investment opportunities, the Department of Tourism (DOT) said. DOT Secretary Christina Garcia-Frasco said incentives under the CREATE More Act, rising hotel demand,...
Some, if not most, homeowners dream of having a generous lot while still enjoying the privacy they need. This enclave offers space to plan, build, and grow for the long term—set on elevated terrain in Buhangin, Davao City, with sweeping views of nature. This is Northtown Residences 5, the newest...
Net inflows of brick-and-mortar foreign direct investments (FDI) into the Philippines increased to $586 million in May, fueled by stronger investor confidence driven by solid macroeconomic fundamentals, cooling inflation, and ongoing infrastructure growth. Net FDI inflows climbed by 21.3 percent...
Publicly listed holding company Lodestar Investment Holdings Corp., formerly a mining firm, is on the block as a vehicle for backdoor listing as it prepares to expand its capital base to allow for the entry of a future investor, possibly involved in the business of digital assets. In a disclosure...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines increased to $610 million in April, the highest in three months, driven by larger investments in the manufacturing sector from Japan. Net FDI inflows climbed by 7.1 percent from $570 million in April last year,...
TACLOBAN CITY – Newly-elected Northern Samar second district Rep. Edwin Ongchuan has filed a bill institutionalizing the position of Local Economic Development and Investment Promotions Officer (LEDIPO) in all local government units (LGUs) in the Philippines. House Bill 602 seeks to amend...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
The Philippines posted a substantial increase in net inflows of foreign direct investments (FDIs) last year, even as it held on to the sixth spot among Association of Southeast Asian Nations (ASEAN) members for the fourth consecutive year, according to the United Nations Conference on Trade and...
Aside from strengthening governance to build investors’ confidence in developing countries like the Philippines, the Washington-based World Bank Group (WBG), the world’s largest development bank, said these economies should also increase job opportunities for women as local branches of foreign...
Vice President Sara Duterte on Monday, June 16, warned business groups not to use her impending impeachment trial as an excuse for the country’s weak economy and loss of investor confidence. “Kahit nandiyan o wala yung impeachment, wala talagang investor confidence dito sa ating bayan (Whether...
