Investments

MANILA, Philippines – The country must be consistent with its policies and must make major revisions on the Investments Priorities Plan (IPP) because uncertainty will scare foreign investors, the American Chamber of Commerce in the Philippines (AmCham) said.

MANILA, Philippines – The Philippines is back on the radar of global investors even in the midst of a global financial crisis as net foreign buying in the local stock market almost doubled in the first half of the year compared with the same period in 2009.

The Department of Trade and Industry (DTI) on Wednesday said the government would suspend the creation of new freeport zones. On the sidelines of the Philippine Mid-Year Economic Briefing, Trade Secretary Gregory Domingo told reporters that economic zones under the Philippine Economic Zone Authority (PEZA) are well-managed and are getting favorable feedback from investors.

The Philippine equities market is back on the radar screen of investors, as foreign buying in the stock market reached P15.7 billion in the first half of the year, up 89 percent from P8.3 billion year-on-year, PSE president Val Suarez said Wednesday.

MANILA, Philippines – The Department of Finance (DOF) wants a stop to the creation of new freeport zones as part of government’s bid to plug loopholes in the grant of income tax holidays.

LEGAZPI CITY, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced yesterday that net inflow of foreign portfolio investments surged 164 percent in the first seven months of the year as investors pumped in more money into the local government securities and equities markets.

SINGAPORE (Xinhua) — Latest results published by the Global YPO (Young Presidents’ Organization) Global Pulse Survey showed that business confidence in Asia is on the rise, local media reported on Wednesday.

MANILA, Philippines – The country registered a net outflow of foreign direct investments in May as the elections pushed investors to the sidelines while waiting for the political situation to stabilize.

INVESTMENTS PLEDGED to the Philippine Economic Zone Authority (PEZA) reached P68.609 billion from January to July, up by 57.54% from year-ago levels, data released yesterday showed.

EXPERTS ADVISED property developers to put up real estate investment trusts (REITs) now that inflation is stable and there are no firms going public, claiming investors would benefit from higher yields.

MANILA, Philippines – Trade Secretary Gregory Domingo is pushing the development of the tourism sector as his top priority, he told a meeting of some of the biggest business organizations in the country.

MANILA, Philippines – The Philippine Chamber of Commerce and Industry (PCCI) is hoping that President Aquino will implement in the first 100 days of his administration various measures to create an environment conducive to increased investments in the country.

INVESTMENT FLOWS into the Philippines and the rest of Asia will likely strengthen this year but governments are advised to favor low-carbon projects to address climate change amid the expected surge in economic activity, a United Nations agency said in a report released yesterday.

FOREIGN investors have taken a wait-and-see posture vis-à-vis the Philippine financial market pending a clearer policy direction from President Benigno Aquino 3rd during his upcoming State of the Nation Address (SONA), according to Merrill Lynch (Asia Pacific) Ltd. In a briefing, Stephen Corry, chief investment officer at the securities firm, said the Philippines has been…

MANILA, Philippines – The government must remove focus on the grant of incentives as investors are more interested on the ease of doing business in the country, an Asian Institute of Management (AIM) official said.

MANILA, Philippines – Business executives in the Philippines are most insecure that their operations might move to other countries.

MANILA, Philippines – Investor sentiment in the Philippines rose for the fourth consecutive quarter to reach an all-time high in the April to May period, making the country the second strongest driver in the Asia Pacific region, a survey by Dutch financial giant ING showed.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said yesterday net inflow of foreign portfolio investments surged 245 percent in the first half of the year as investors gobbled up more government securities and pumped in more money into the local equities markets.

Investor confidence in the second quarter reached levels unseen in two years based on the quarterly ING Investor Dashboard Sentiment Index which showed 157 points for the country in the second quarter, second only in the region to India which got a score of 172 in the survey.

MANILA, Philippines – Sen. Sergio Osmeña III is supporting the call of the Department of Finance to review the numerous tax breaks granted by Congress over the past two years.

CAR ASSEMBLERS and parts manufacturers will be eligible for incentives such as lower power rates and even a moratorium on strikes under draft implementing rules for the new Motor Vehicle Development Program (MVDP).

MANILA, Philippines – Foreign direct investment (FDI) that flowed into the Philippines was cut by almost half in the first four months of the year due to lower equity capital placements, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. announced yesterday.

An incentive package that is skewed to attract investors to locate in the poorer areas in the country would be the focused of the refinements of the old Fiscal Incentives Harmonization Bill that Senator Ralph Recto is going to refile in the Senate.

MANILA, Philippines – A World Bank study has cited the Philippines for imposing one of the strictest regulations regarding foreign ownership of businesses in the country.

THE World Bank has listed the Philippines as among the world’s most restrictive countries in allowing foreign capital into the economy.

THE PHILIPPINES restricts foreign direct investments (FDI) from entering into more sectors than most of the 86 other economies covered by a World Bank report released yesterday.

MANILA, Philippines – Japanese manufacturing firm Terumo Corp. will be transferring two of its factories in Europe to the Philippines, thereby expanding its existing multi-billion investment in the country.

MANILA, Philippines – Combined investment approvals of the Philippine Economic Zone Authority (PEZA) and the Board of Investments (BOI) surged 192 percent to P231.3 billion during the first half of the year from P79.24 billion in the same period last year.

MANILA, Philippines – President Benigno Aquino III said his administration will make the country more attractive for investors.

PRESIDENT Gloria Arroyo has ordered state-run National Power Corp. to provide cheaper electricity to Samsung Electronics as an incentive for its multi-billion-dollar investment in Clark, Pampanga.