Investments

by Daxim L. Lucas, Philippine Daily Inquirer, 10 Dec 2020 MANILA, Philippines—Long tern investments in the Philippines declined by over a tenth last September after four consecutive months of double-digit year-on-year growth as the lockdown in the preceeding month curtailed investor activity, according to the central bank.

by Louella Desiderio (The Philippine Star), 4 Dec 2020 MANILA, Philippines — The Philippines is capable of attracting $50 billion worth of foreign direct investments (FDIs) and generate three million jobs over the next decade, foreign businessmen said.

by Daxim L. Lucas, the Philippine Daily Inquirer, 26 Nov 2020 MANILA, Philippines—So-called hot money investments in the Philippines yielded net inflows of $439 million in October after seven straight months of net outflows that started in March, according to the Bangko Sentral ng Pilipinas (BSP).

by Louella Desiderio (The Philippine Star), 22 Nov 2020 MANILA, Philippines — President Duterte has approved the new Investment Priorities Plan (IPP) which considers projects related to addressing the coronavirus disease 2019 pandemic and investments in rural areas as activities entitled to incentives.

by Louella Desiderio (The Philippine Star), 18 Nov 2020 MANILA, Philippines — Ecozone locators will now be able to avail of the five percent gross income tax incentive to include COVID-related expenses as direct costs to maintain operations during the quarantine period.

by Roy Stephen C. Canivel, Philippine Daily Inquirer, 14 Nov 2020 Investment pledges under the Philippine Economic Zone Authority (Peza) dropped nearly 27 percent as of October, as the government kept pushing the rationalization of tax breaks, even when critics said these incentives helped attract foreign investors into the country.

by Ben O. de Vera, Philippine Daily Inquirer, 19 Oct 2020 Despite high COVID-19 cases and a prolonged quarantine, the Philippines’ solid macro fundamentals prepandemic remain attractive to foreign investors, the Department of Finance (DOF) said.

by Daxim L. Lucas, Philippine Daily Inquirer, 12 Oct 2020 MANILA, Philippines—More long-term capital from overseas entered the Philippines in July marking the third consecutive month of increases for this key economic barometer.

by Czeriza Valencia (The Philippine Star), 11 Sep 2020 MANILA, Philippines — The government’s lockdown measures kept foreign investors on the sidelines in the second quarter – the strictest period for the quarantine – as the country grappled with the outbreak of the coronavirus.

By Ian Nicolas Cigaral(Philstar.com), 13 Jul 2020 Data from the Department of Trade and Industry (DTI) released Monday showed BOI-approved pledges by foreign businessmen sagged 73% in the first six months of the year to P18.6 billion, lower than P68.9 billion registered in the same period in 2019.

by Ian Nicolas Cigaral (Philstar.com), 2 Jul 2020 MANILA, Philippines — Majority of companies enjoying tax perks at the country’s largest economic zone operator are now operational as of mid-June, as the government slowly rolls back tough lockdown measures that shut the economy down for nearly three months.

Read more here.

by Lawrence Agcaoili (The Philippine Star), 12 Jun 2020 MANILA, Philippines — The Philippines achieved a credit rating of A after Tokyo-based Japan Credit Rating Agency (JCR) upgraded the country’s credit rating to A- from BBB+ to reflect the resilience of the economy amid the coronavirus disease 2019 or COVID-19 pandemic.

by Ian Nicolas Cigaral (Philstar.com), 4 Jun 2020 MANILA, Philippines — Foreign direct investment (FDI) pledges in the country’s economic zones sank to their lowest level in 2 years in the first quarter, laying fresh evidence on how investors were turned off by the pandemic which the government seeks to fix through a cut in…

By Elijah Felice Rosales, Businessmirror, 1 Jun 2020 THE Philippine Economic Zone Authority (Peza) has approved 26 fresh projects that will bring in over P13 billion in new capital and generate nearly 20,000 jobs, as investors take their next steps now that quarantine restrictions nationwide are eased.

by Roy Stephen C. Canivel, Philippine Daily Inquirer, 1 Jun 2020 More than half of German companies are holding back their investments in the Philippines because they find the economy too restrictive, data showed.

By Kris Crismundo, PNA, 21 May 2020 MANILA – Trade Undersecretary Ceferino Rodolfo said seven foreign companies with businesses in China have diversified their operations in the Philippines.

MANILA – The Philippines was ranked as the seventh best country in the world to invest in or do business for 2020, according to CEO Magazine.

Read more here.

By Elijah Felice Rosales, Businessmirror, 20 Apr 2020 MORE than 175,000 workers in economic zones are out of jobs for many weeks now, with some of them receiving zero pay under the ongoing lockdown, prompting industry groups to ask that the quarantine be lifted as scheduled on April 30.

By Ernie B. Esconde, Manila Times, 27 Feb 2020 PILAR, Bataan: More than P4 billion in investment is ready to flow into this historic town under an expansion program of the Freeport Area of Bataan (FAB), Mayor Carlos Pizarro Jr. said on Tuesday.

by Czeriza Valencia (The Philippine Star) – 21 Feb 2020 MANILA, Philippines — Foreign investment pledges approved by the country’s main investment promotion agencies surged to an all-time high of P390.11 billion in 2019, more than double from P179 billion in 2018, data from the Philippine Statistics Authority showed.

Read more here.

by Lawrence Agcaoili (The Philippine Star), 27 Jan 2020 MANILA, Philippines — Foreign direct investment inflows could exceed $10 billion and revisit record highs this year once the second package of the government’s Comprehensive Tax Reform Program (CTRP) is passed.

by Louella Desiderio (The Philippine Star), 24 Jan 2020 MANILA, Philippines — The Philippines is now viewed as a secondary market for investments by European Union (EU) investors in the Southeast Asian region amid uncertainties on the country’s plan to change the incentives regime and concerns on government’s review of contracts with the private sector.

by Louella Desiderio (The Philippine Star) – 18 Jan 2020 MANILA, Philippines — Locators in ecozones in the Calabarzon (Cavite-Laguna-Batangas-Rizal-Quezon) area currently enjoying income tax holidays would be allowed to extend the period of their ITH commensurate to the number of days their operations are affected by the Taal Volcano eruption, the Philippine Economic Zone…

by Lawrence Agcaoili (The Philippine Star) – 11 Dec 2019 MANILA, Philippines — Net inflows of foreign direct investments (FDI) declined for the seventh straight month in September as investors continued to hold off their investment plans in emerging markets, including the Philippines, until global growth outlook improves, according to the Bangko Sentral ng Pilipinas…

by Catherine Talavera (The Philippine Star) – 10 Dec 2019 MANILA, Philippines — Philippine offshore gaming operators (POGOs) have dethroned call centers in the information technology-business process management (IT-BPM) sector as the top demand driver of office space in the country as the diminishing supply of Philippine Economic Zone Authority(PEZA)-accredited spaces weighed in.

by Czeriza Valencia (The Philippine Star) – 6 Dec 2019 MANILA, Philippines — Foreign investment pledges jumped four-fold to P182.4 billion in the third quarter of the year, driven by commitments in the information and communications technology (ICT) industry, the Philippine Statistics Authority (PSA) reported yesterday.

By: Doris Dumlao-Abadilla, Philippine Daily Inquire, 29 Nov 2019 Metro Manila–among the hottest real estate markets in Asia-Pacific only a few years back–has lost its luster mostly due to restrictions on foreign participation alongside a generally more cautious sentiment on the region.