Following the beyond-target approved investments this year, the Board of Investments (BOI) is now aiming to surpass this record by securing P1.75 trillion in approvals for 2025. BOI Director Lanie Dormiendo, during a Dec. 20 press briefing, said that this 18 percent increase from current levels...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
The Board of Investments (BOI) is seeking to strengthen trade and investment relations with Hungary, focusing on electronics, semiconductors, IT-BPM, and software development. At the recent Philippine-Hungary Business Forum, BOI Managing Head and Trade Undersecretary Ceferino Rodolfo highlighted...
The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies. At a year-end...
Creating a safer digital space for all means ensuring no one is left behind. A new community-based program is bridging the digital divide by providing senior citizens with the tools and knowledge to confidently embrace technology and protect themselves online. The SM Group, through SM Development...
Zobel-led Ayala Corporation has increased its stake in iPeople Inc., its partnership with the Yuchengco Group in the education sector, by acquiring the interest of A. Soriano Corporation (Anscor). In a disclosure to the Philippine Stock Exchange, Ayala said it has executed with Anscor a Share...
MJC Investments Corporation (MJIC), owner and operator of the Winford Leisure and Entertainment Complex and Winford Hotel and Casino, plans to wipe out its P2.28-billion capital deficit by next year. In a disclosure to the Philippine Stock Exchange, the firm said its 18 participating stockholders...
The Board of Investments (BOI) reported that it has approved a total of P1.58 trillion in investments in the first 11 months of the year, driven largely by a surge in renewable energy projects. In a statement on Wednesday, Dec. 4, the Department of Trade and Industry (DTI) attached-agency said the...
SM Investments Corporation (SMIC), the flagship of the Sy family, has been named among the leaders in transparency and reporting during the recently concluded 2024 Philippines Women's Empowerment Principles (WEPs) Awards of the United Nations (UN). During the announcement of winners on Nov....
Foreign portfolio investments registered with the Bangko Sentral ng Pilipinas (BSP) reversed to a net outflow of $529.68 million in October, compared to September's net inflow of $1.025 billion as investors sold securities to lock in gains. The October net outflow is the largest this year,...
Sy-led SM Investments Corporation, through SM Store and SM Retail, has partnered with Mastercard and SM Foundation to launch a new initiative aimed at empowering Filipino students pursuing careers in Science, Technology, Engineering, and Mathematics (STEM). In a statement, the conglomerate said...
Sy family flagship SM Investments Corporation (SMIC) bagged titles of Asia’s Most Influential Companies and Top Sustainability Advocates in Asia at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES). “We are grateful for the recognition and are inspired to continue to work even...
