Camarines Sur 2nd district Rep. LRay Villafuerte says that the "broad popular support" for the proposed Maharlika Investment Fund (MIF) should convince its critics to give the controversial measure a chance. Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) “With one in every two...
Senate Minority Leader Aquilino “Koko” Pimentel III on Sunday, January 15 criticized the Marcos administration’s plans to do a “soft launch” for the proposed Maharlika Investment Fund (MIF) at the World Economic Forum (WEF) in Davos, Switzerland this week. Pimentel said the move is...
BENITEZ BACOLOD CITY – Mayor Alfredo Abelardo ‘’Albee’’ Benitez recently revealed that a multi-billion company in China is planning to build an electric vehicle plant here. “It was an eye-opener,” Benitez said as he met several big companies in China during the state visit of...
President Ferdinand R. Marcos, Jr.’s state visit to China has yielded productive results that strengthen what he describes as “the positive trajectory” of the two countries’ relationships. Since 2018, the Philippines-China relations had been elevated to the Comprehensive Strategic...
President Ferdinand "Bongbong" Marcos Jr. has secured 22.8 billion US dollars in investment pledges from Chinese investors during his two-day state visit to China. A big chunk of the deal will be coming from the renewable energy sector, which will amount to 13.76 billion US dollars. It is followed...
The Netherlands has expressed optimism about ​investing in the​ Philippines​ following the​ increased cooperation on agrifood, digitalization and water management between the two countries. At a business forum in the Netherlands last week, Dutch Foreign Affairs Deputy...
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
The Philippines would not suffer a sharp economic slowdown next year due to strong domestic consumption, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the December issue of the Market Call, FMIC and UA&P said the ongoing...
QUEZON Rep. David Suarez poses with President Ferdinand R. Marcos Jr. and Ilocos Norte Rep. Sandro Marcos during the signing of the 2023 national budget in Malacanang. (Rep. Suarez FB) LUCENA CITY – House Speaker Martin Romualdez has cited Quezon Rep. and House Deputy Majority Leader David...
Committed investments approved by the Philippine Economic Zone Authority (PEZA) jumped 103 percent to P140.7 billion as of December this year exceeding the agency’s 6-7 percent growth forecast for 2022 and surpassing the amount of investments registered before the pandemic. PEZA OIC Deputy...
Manulife Investment Management (IM) expects a synchronized global growth downturn next year following the aggressive pace of financial tightening in 2022 that would impact the equity and debt markets. In a statement, Sue Trinh, co-head of global macro strategy at Manulife IM, said monetary...
(TANGERE) Half of Filipinos support the proposed Maharlika Investment Fund—a wealth fund that the government can use for investments, a recent nationwide survey conducted by big data research firm Tangere found. In the survey results released on Monday, Dec. 19, Tangere CEO and founder Martin...
