Manila, Philippines – The inflow of foreign portfolio investments or “hot money” almost tripled in the first four months of the year on the back of strong investments in shares listed at the Philippine Stock Exchange (PSE) and peso-denominated government securities, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
MANILA, Philippines – Investments approved by the Board of Investments (BOI) surged by 262 percent to P148 billion during the first four months of this year from only P41 billion a year ago.
THE government will cut the tax exemptions and incentives being extended to businesses and investors instead of imposing new taxes, President Benigno Aquino III said Tuesday.
Corruption reduces domestic investment. It discourages foreign direct investment. It makes government spending larger than it should be. Worst, it shifts away resources that could go into more important uses for the nation.
MANILA, Philippines – Registered investments surged 123 percent to P144.822 billion in the first quarter of the year as more new projects continued to pour in, the Department of Trade and Industry (DTI) reported over the weekend.
Manila, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the net inflow of foreign portfolio investments or “hot money” surged 153 percent in the first quarter of the year despite a sharp decline in inflows in March due to the devastating earthquake and tsunami in Japan.
MANILA, Philippines – The Board of Investments (BOI) announced first quarter investments surged by 205 percent to P110 billion as energy projects continued to pour in.
Among the recent international business indicators, the World Bank’s annual Doing Business survey is likely to be the most influential. The survey represents information from responses of investors, public officials, and knowledgeable people concerning how countries permit business to operate and to grow. It grew out of work from that development institution’s private sector arm,…
A good investment climate produces new investments that yield productivity and profits for the proponents. It is efficient when it further encourages investments to be made at low cost with high prospects for profits and social benefits (in the case of public investments).
MANILA, Philippines – The Japan International Cooperation Agency (JICA) said that even if President Aquino is wooing displaced Japanese firms to locate in the country, the absence of a Philippine rescue incentive package makes other countries more attractive.
Lack of concrete plan to address economic woes CLARK FREEPORT, Philippines—Economist Bernardo Villegas said the Aquino administration was doing “very, very poorly” in attracting foreign direct investments (FDIs) to the Philippines.
THE Philippines was among the least popular investment destinations in Southeast Asia at a time when many companies in the region are planning to expand their operations, according to a recent survey conducted by the Asean Business Advisory Council (ABAC).
THE Philippines was among the least popular investment destinations in Southeast Asia at a time when many companies in the region are planning to expand their operations, according to a recent survey conducted by the Asean Business Advisory Council (ABAC).
Share Malacañang was in drum beating mode on Tuesday, in effect saying that Southeast Asian companies ain’t seen nothin’ when it comes to the best of the Philippines, after an ASEAN business survey showed the country was the second least attractive investment destination among firms in the region.
MANILA, Philippines – Trade Secretary Gregory L. Domingo said that the Department of Trade and Industry (DTI) is considering giving tax incentives to investments that has a minimum of five-percent value added.
MANILA, Philippines – The net inflow of foreign portfolio investments or “hot money” jumped 135 percent in the first two months of the year due to a surge in investments in shares listed at the Philippine Stock Exchange (PSE) and peso-denominated government securities as investors continued to place their funds in high-yielding investment instruments, the…
Federal Express managing director for Indonesia and the Philippines Rhicke Jennings informed us that Fedex will be coming back to the Philippines with plans to increase its presence in the country. In 2009, Fedex closed its Asian hub in Subic Bay Metropolitan Authority or SBMA – the first time the delivery giant ever closed a…
MANILA, Philippines – Investments are expected to breach the P300-billion mark again this year as figures for the first two months jumped by 185 percent, the Board of Investments (BOI) reported yesterday.
TOKYO (Kyodo) — The Philippines is least-preferred by Japanese firms for their expansion plans in Southeast Asia and they cite inadequate infrastructure as the main risk doing business in the country, a recent Japan External Trade Organization survey shows. The Philippines lags Thailand, Singapore, Malaysia, Indonesia and Vietnam as the choice of Japanese firms in…
THE SECOND HALF of the year is seen to be a better period for investors of the emerging markets as geopolitical risks are expected to abate by then, ING Bank officials yesterday said.
MANILA, Philippines – Foreign direct investment (FDI) inflows surged by 156 percent in December last year as more and more investors find the Philippines attractive due to its solid macroeconomic fundamentals and brighter economic growth prospects, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
MANILA, Philippines – The Board of Investments (BOI) is looking at attracting $1.5 billion worth of foreign direct investments (FDI) from the Middle East and Europe this year.
MANILA, Philippines – The government can save up to P5 billion if the incentives scheme for domestic registered enterprises is amended, a joint Department of Trade and Industry (DTI) and Department of Finance (DOF) Fiscal Incentives Reform (FIR) report showed.
MANILA, Philippines – An anti-bribery group in the United Kingdom said yesterday corruption is a barrier to investment and distorts the economy of a country.
Citigroup notes potential high growth rate MANILA, Philippines—Global banking giant Citigroup has identified the Philippines as one of 11 countries that will likely stand out in a globally integrated economy in terms of high growth rates and investment returns over the next 40 years.
MANILA, Philippines – The Board of Investments (BOI) has removed the creative industries including the business process outsourcing (BPO) under the preferred activity of the Investment Priorities Plan (IPP), a move that is in line with their program of streamlining investment incentives.
MANILA, Philippines – With consumption, government spending and exports already making significant contribution to growth, the government said it is adopting more measures to spur investment in a bid to move the country to a higher, broad-based and sustainable growth path.
MANILA, Philippines – The government is looking at creating an economic zone similar to the ones being administered by the Philippine Economic Zone Authority (PEZA) but solely for local enterprises.
TO shield investors from local governments, the Department of Trade and Industry (DTI) is pushing for a legislated magna carta for investors as well as the establishment of economic zones for domestic manufacturers.
Public discussion on the amendment of the constitution ruled the news during the last week. As far as the policy pertaining the attraction of foreign direct investments is concerned, the Philippines is not at par with other countries.