Investments

MANILA, Philippines – The government is expecting another double digit growth in investments next year after projecting this year’s investments to grow by more than 34 percent.

MANILA, Philippines – The Philippines managed to post a foreign direct investment inflow of $66 million in September amid concerns over the exposure of the European banks to sovereign debt and the fragile economic recovery being experienced by the US, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

MANILA, Philippines – Australian investments in the Philippines are expected to increase significantly in the next few years specifically in the mining, outsourcing, clean energy and environment, and to some extent in education and the manufacturing sector, according to Australian trade officials.

HONG KONG – Singapore and Shanghai rank top among Asian cities as the best real estate investment destinations, while Osaka and Manila are seen as the least ideal, an industry survey showed on Monday.

METRO Manila bested most other key cities in emerging Asia in terms of cost of living for expatriates, according to the latest report by ECA International. In ECA International’s 2010 Cost of Living Survey, Metro Manila ranked 33rd, with its cost of living lower than in the capital cities of China, Indonesia, Malaysia, Singapore, South…

THE Finance and Trade departments will come up with a common position aimed at giving out the least possible tax incentives and other perks to investors.

MANILA, Philippines – The Department of Finance (DOF) reiterated the need to rationalize the country’s redundant incentives and at the same time repeal revenue-eroding measures, including perks given to the National Grid Corp. of the Philippines (NGCP) as well as operators of freeports and economic zones in Aurora and Bataan.

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 $3.44 billion as of the second week of November as capital flows continued to flood emerging market economies in the Asia Pacific Region, including the Philippines.

INVESTMENT PLEDGES approved by four promotion agencies went up by 82.9% in the third quarter compared to the same period last year, the National Statistical Coordination Board (NSCB) said Friday.

Investment pledges made by foreign entities in the third quarter jumped by double digits, according to the National Statistical Coordination Board (NSCB).

MANILA, Philippines – The Board of Investments (BOI) is projecting investments for 2010 to reach P300 billion, well over its target of P287 billion.

The Aquino administration has put job creation—to get Filipinos out of poverty—as a, if not “the” main goal over the next six years. Well I agree, but it ain’t going to happen unless some major changes occur. An area we have focused on is attracting foreign investment. Filipino investors know their own country, know where…

THE Philippine government has been offering fiscal incentives to investors, which have become redundant since these incentives are provided under different laws with differing provisions, Rep. Gloria Arroyo of Pampanga second district said Monday.

MANILA, Philippines – The government is targetting a four fold increase in foreign direct investment (FDI) four times in the next three years to $8 billion.

THE Philippines has become less business-friendly for local firms mostly because of its poor score in terms of dealing with construction permits, according to a report issued by the World Bank and its private-sector investment arm, the International Finance Corp. (IFC). In their report titled “Doing Business 2011,” the multilateral lenders said the country’s ranking…

THE GOVERNMENT was advised yesterday to further simplify business registration and tax payment processes to arrest the decline in the country’s competitiveness ranking recorded at the end of the previous administration.

MANILA, Philippines – The country slipped further in the global ranking of economies on the “ease of doing business” despite recent efforts to simplify procedures for acquiring permits.

The decision of the Federal Reserve to stimulate the US economy would mean higher capital flows into emerging market economies including the Philippines, monetary authorities said Thursday.

MANILA, Philippines— The Department of Trade and Industry aims to secure around $8 billion in foreign direct investments for the country—the same level now enjoyed by Vietnam—stressing the importance of incentives in convincing investors to locate to the Philippines.

MANILA, Philippines – The Department of Finance (DOF) is planning to totally scrap income tax holidays (ITH) for investors in the next six years, a ranking government official said.

DOLLAR earnings raked in by exporters in the different economic zones (Ecozones) in the country jumped by 28.96 percent in the first three quarters of the year to $30.275 billion.

The Philippines can get as much as $100 million in annual investment opportunities from the government of the United Arab Emirates (UAE) and its private sector focusing on infrastructure and aviation facilities.

THE Joint Foreign Chambers (JFC), through its industry champions, presented a snapshot of its 400-page recommendations for the seven winning sectors that it believes can deliver to the country $75 billion in foreign direct investments (FDI) and generate 10 million jobs in 10 years.

THE PHILIPPINE Economic Zone Authority (PEZA) will keep its target for 2010 despite slow growth in the past three quarters as most investments come in September to December, an official said.

THE country must relax its labor laws to attract foreign investment and remain globally competitive, Trade and Industry Secretary Gregory Domingo said Thursday on the sidelines of the Philippine Business Conference in Manila.

MANILA, Philippines – The government must provide a predictable and secure business environment if it wants investors to commit billions of dollars to its planned infrastructure projects, the Asian Development Bank (ADB) said.

Businessmen belonging to the Philippine Chamber of Commerce and Industry (PCCI) today will present to President Benigno Aquino 3rd a 10-point agenda that they believe would boost the country’s economic competitiveness. Also, PCCI members on Thursday said that restrictions in the Constitution and various laws concerning sectors such as media and labor should be softened.

MANILA, Philippines (Xinhua) – Investors continue to enter the Philippine equities on Thursday following the U.S. stock market’s positive performance.

INDUSTRY leaders pressed the new administration to resolve nagging concerns ranging from investment barriers to local government policies at the annual Philippine Business Conference which kicked off yesterday.

THE auto industry will get three major types of incentives under the soon-to-be published implementing rules of the Comprehensive Motor Vehicle Development Program (CMVDP), Trade Undersecretary and Board of Investments (BOI) managing head Cristino Panlilio said.