The Department of Finance (DOF) wants investment promotion agencies (IPAs) to maximize the P58-billion budgetary support they got from the national government by luring more investments into the country. In a statement, Finance Secretary Carlos G. Dominguez III said on Monday, April 18, that...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
State economic managers have lauded Senate Minority Leader Franklin Drilon for his major contribution in the passage of three key economic reform laws that are seen to hasten the country’s recovery from the Covid-19 pandemic. In a letter signed by Finance Secretary Carlos G. Dominguez, Trade...
A Lacson administration will not allow outside investors to exploit Republic Act 11647, or the amended Foreign Investments Act (FIA) of 1991, at the expense of local business owners belonging to the micro, small and medium enterprises (MSME) sector. Presidential candidate Senator Panfilo ‘Ping’...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
Former defense secretary and senatorial candidate Gilbert Teodoro on Wednesday called on the government to provide stable investment policies that would complement the passage of three key economic laws that are aimed to attract more foreign investors in the Philippines. Teodoro, a former Tarlac...
The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI). The SIPP will serve as the primary basis for determining which projects or...
The next administration must make the move from a consumer-driven economy to an investment-driven one to cushion the impact of future shocks and crises on the economy. Diwa Guinigundo, former Deputy Governor of Bangko Sentral ng Pilipinas. (BLOOMBERG PHOTO) Thus, said former Bangko Sentral ng...
Senatorial candidate Herbert “Bistek” Bautista on Monday called for more action that would bridge the digital divide that continues to hinder Philippine progress. Bautista, who is seeking a Senate seat in the upcoming May 2022 elections, said Filipino students and the country’s existing...
Senator Christopher “Bong” Go has commended President Duterte for signing Republic Act (RA) 11647 which introduces amendments to the Foreign Investments Act of 1991 that would further encourage and promote foreign direct investments in the Philippine economy. ‘’We thank President Duterte...
The Department of Finance (DOF) expects the country’s high growth in foreign direct investments (FDIs) to be sustained following the enactment of economic liberalization reform laws. In his DOF Economic Bulletin on Sunday, March 6, Finance Chief Economist Gil S. Beltran said the more than half...
President Duterte has signed the measure that amends the country's Foreign Investments Act, thereby easing rules on foreign businesses in the Philippines. President Rodrigo Duterte (Malacañang file photo) A copy of Republic Act (RA) No. 11647 showed that the President signed the amendments on...
