Investments

INVESTMENTS registered with the Philippine Economic Zone Authority (PEZA) are up 32.06% to P80.619 billion as of September from a year earlier, data from the state agency showed.

THE loose definition of ‘mass housing’ has been a source of government revenue hemorrhage, according to a Department of Finance (DOF) official.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the net inflow of foreign direct investments (FDIs) plunged 42 percent in the first seven months of the year due to a lack of major capital inflows and higher equity withdrawals.

AMID the generous tax and other incentives given mass housing projects since 2003, only less than a fifth of them have been completed and sold as of March this year, according to data from the Board of Investments (BOI). The data shows that 147,728 housing units were registered with the BOI from 2003 until July…

MANILA, Philippines – The Department of Finance (DOF) said the government stands to lose P1 billion to P2 billion a year from the creation of additional economic zones and freeport zones.

MANILA, Philippines – A Department of Finance (DOF) Resolution that dealt with the exclusivity of incentives has delayed more than P3 billion worth of investments from three different Japanese semiconductor firms.

A MANUFACTURER of airplane interiors has chosen the Philippines as the site of its new $30-million factory which will produce Airbus kitchen structures, officials yesterday said.

NEW YORK—Prosperous city-state Singapore recognizes the many opportunities for trade and investment in the Philippines, Foreign Affairs Secretary Alberto Romulo said here on Friday after the bilateral meeting between President Benigno Aquino and Singaporean Prime Minister Lee Hsien Loong.

RP ranked last in list of 11 Asian countries THE PHILIPPINES has been placed at the bottom of a list of 11 Asian countries in terms of corporate governance, with a Hong Kong-based brokerage and a regional nonprofit group highlighting weakened domestic securities law enforcement.

MANILA, Philippines – The yearly setting of the minimum wage discourages businessmen from investing in the country, the Employers Confederation of the Philippines (ECOP) said.

MANILA, Philippines – President Aquino has reiterated his commitment to level the playing field in business to attract more investors to the country.

American businessmen in the Philippines are optimistic of prospects in the country but most remain wary of prevalent corruption in the government, a poll among US companies in Southeast Asia showed. According to the Asean Business Outlook Survey 2010, 86 percent of respondents from the Philippines expected the country’s economy to expand this year.

MANILA, Philippines – Local businessmen are asking the government to restructure the tax system by limiting the allowable deductions in order to simplify the collection and ultimately collect more taxes.

Foreign direct investment (FDI) to the Philippines up to the time President Aquino assumed office fell from a year ago, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas (BSP) said FDI inflows in the first half of this year reached $732 million, or 42 percent lower than the $1.270 billion…

MANILA, Philippines – Net inflow of foreign portfolio investments surged by 385 percent in the first eight months of the year as more investors pumped in more money into the local government securities and equities markets in light of the stronger-than-expected economic rebound in the first half of the year, data released by the Bangko…

MANILA, Philippines – The local stock market zoomed to a historic high after it closed at 3,902.56 as a powerful rally overseas and upbeat economic data bolstered investors’ confidence, with some analysts proclaiming the birth of a new bull market.

INVESTMENTS planned in economic zones continued to grow last month, but at about half the pace recorded as of July, data released by a government agency yesterday showed.

THE Aquino administration has to raise P180 billion in investments a year to attain a higher economic growth path for the next six years and beyond, the National Economic and Development Authority (NEDA) said.

THE Philippines is not considered as top priority host economies for foreign direct investments (FDIs) for the next three years, according to United Nations Conference on Trade and Development (UNCTAD) survey.

MANILA, Philippines – Banks and fund managers – key players in the financial markets – are increasingly turning bullish on the country’s strong economic prospects this year.

MANILA, Philippines –  The Department of Trade and Industry (DTI) expects investments to hit more than P400 billion this year, surpassing the P345-billion yearend target of the government.

A recent comparative survey of investment-related costs in the Asian region conducted by the Japan External Trade Organization (JETRO) showed Manila as being among the most cost-efficient business location.

In first seven months The Philippines investment scene is poised for recovery this year as strong new inflows are expected to match the P464.2 billion record high posted in 2008.

MANILA, Philippines – The National Economic and Development Authority (NEDA) and the Department of Trade and Industry (DTI) have submitted their legislation “wish list” to the Senate, led by the proposed competition or antitrust law.

MANILA, Philippines – The Department of Trade and Industry (DTI) named the electronics industry as one of its top priority industries and promised to bring back the $1-billion investments the country enjoyed during the industry’s prime in 2007.

ASEAN members are prodding the Philippines to ease limits on foreign investments to take advantage of increased inflows into the region this year, a senior trade official said.

The Government released a proposed tax reform to cut 10 million won in tax for every new job A new system of ‘the tax benefit for job creation investment’ will be temporarily in place from 2011 to 2012, to reduce tax for the employers offering more jobs. Instead, the 29 year-old ‘temporary tax benefit for…

The Aquino administration is not keen on creating new economic zones to reduce foregone revenues resulting from the granting of fiscal incentives that could have been used to fund infrastructure projects.

Asean economies are rebounding well from the global financial crisis. According to JPMorgan Chase & Co., investor interest in the stock markets of Thailand, Indonesia, the Philippines and Malaysia could increase because of the resilience they showed during the credit crunch, and the economic growth in the region. They predict that Thailand’s economy will expand…

An influx of American investments could pour into the Philippines because of confidence in the Aquino administration but restrictions in the professional and retail trade sectors may deter investors, an American business leader in the country said on Monday. “There is renewed interest in the Philippines. The Aquino administration is setting the right tone,” Robert…