Investments

THE PHILIPPINE Economic Zone Authority (PEZA), bucking other state agencies’ moves to approve fewer incentives, plans to keep green-lighting new tax-free sites for investors at its usual pace.

MANILA, Philippines –  Foreign portfolio investments in local stocks and securities, also called “hot money” hit a new record level of $4.61 billion in 2010, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

FOREIGN investments in local stocks and securities, also called hot money, yielded a net inflow of $4.6 billion in 2010, up 12 times from just $388 million in 2009.

Last week I wrote about the initiative of the Foreign Chambers to suggest actions and reforms that could take this country forward. The government too has released various plans and programs, but not in such a concerted fashion.

MANILA, Philippines – The Board of Investments (BOI) is expecting investment inflows to contract by 15 percent due to a lesser number of power projects for this year.

MANILA, Philippines – The Board of Investments (BOI) will tighten the rules on the grant of tax incentives in an effort to raise more income for the government.

Investments that create jobs and have a “measured capacity” could prequalify for tax incentives under this year’s list of priority areas, the Board of Investments (BOI) said Monday.

WASHINGTON – The Philippines slipped six places to 115 in the latest index of economic rankings of 179 countries around the world.

DAVAO CITY — The Board of Investments (BoI) expects a surge in application for incentives for mass housing projects this year, a ranking official of the agency told journalists here yesterday.

THE government should create a business environment where companies can be “confident in their long-term investments,” a high-ranking official of the British government said on Wednesday, adding that strengthening the stability and security of the country’s economy will help attract foreign investors.

MANILA, Philippines – Total foreign direct investment (FDI) inflows plunged 36.5 percent in the first 10 months of last year as investors remained jittery over the fragile economic recovery in advanced economies led by the US.

MANILA, Philippines – Investments at the Philippine Economic Zone Authority (PEZA) are expected to hit P297 billion by 2014 after posting a P204 billion worth of investments in 2010.

MANILA, Philippines–Department of Labor and Employment (DoLE) Secretary Rosalinda Dimapilis-Baldoz has rejected proposals that would exempt large-scale investors from complying with labor laws and standards, including minimum wages for workers.

Net inflow of foreign portfolio investments or ‘hot money’ stood at $4.52 billion two weeks before 2010 ended – almost a dozen times larger than the $388.02 billion in the same period in 2009, said the Bangko Sentral ng Pilipinas (BSP).

THE Makati Business Club (MBC) on Friday lauded the government for Moody’s improved rating outlook on the Philippines and the completion of the country’s second global peso bond sale, saying these developments reflect renewed confidence in the economy.

MANILA, Philippines –  New York-based Moody’s Investors Service upgraded yesterday the outlook on the Philippines’ foreign and local-currency bond ratings from “stable” to “positive,” a day after the government sold $1.25 billion worth of peso-denominated global bonds.

PUBLIC-PRIVATE partnership (PPP) projects are joining this year’s list of priority investment areas that would enjoy incentives from the government.

Two new government agencies joined the roster of the investments promotion agencies (IPAs) through a recent supplemental memorandum of agreement (MoA). The Tourism Infrastructure and Enterprise Zone Authority (Tieza) and Authority of the Freeport Area of Bataan (AFaB) are now included in the entire network of IPAs in the implementation of the the country’s marketing…

THE perks for firms hit hard by the global recession would be scrapped from this year’s list of projects that are entitled to incentives, the Board of Investments (BOI) said. Efren Leaño, BOI executive director, said the 2011 Investment Priorities Plan (IPP) would be leaner than the last year’s list.

THE Department of Trade and Indus try (DTI) said it would unveil a new incentives tack that would reward investments that generate “more value-added” to the economy. “While investment figures and growth numbers have to be tracked, we have to look for a better measure of the performance of IPAs,” DTI Secretary Gregory Domingo said,…

MANILA, Philippines – Combined investments approved by the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) reached P503.39 billion in 2010 as the electronics and manufacturing sector continued to remain strong.

IN 2010, the economy of Central Luzon recovered from the previous year’s slump, according to the regional office of the National Economic and Development Authority (Neda).

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported that the country’s net foreign portfolio investments or ‘hot money’ hit a new record level of $4.4 billion as of the second week of December as capital flows continued to flood emerging market economies including the Philippines.

MANILA, Philippines – Investments in the country’s ecozones are expected to grow by 10 percent to P225 billion as more foreign electronics and manufacturing firms are seen to locate in the Philippines, the Philippine Economic Zone Authority (PEZA) reported.

MANILA, Philippines – Investments in the country’s economic zones jumped 17 percent to a nine-year high of P204.4 billion in 2010 as electronic firms continue to expand, the Philippine Economic Zone Authority (PEZA) said.

MANILA, Philippines – Investments registered by the Board of Investments (BOI) went up by 93 percent this year to P299.39 billion from only P155.417 billion a year ago.

The government must present viable projects and create implementing rules and regulations (IRR) for foreign investments to attract investors in 2011, Sen. Edgardo Angara said.

Hong Kong and Singapore are the most investor-friendly economies in the Asia Pacific, helped by effective governments, openness to trade and “generous tax breaks,” according to a survey by Vriens & Partners Pte.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported that the country’s foreign portfolio investments or “hot money” hit a new record level of $4.18 billion as of end-November or almost 10 times the net inflow of $431.4 million in the same period last year as capital flows continued to flood emerging market economies…

MANILA, Philippines – The inflow of foreign direct investments (FDIs) in the Asia Pacific region is forecast to expand 17 percent this year, a reversal of the 40-percent decline in 2009, the World Bank said in a report.