Investments

US firms mull expansion, relocation of manufacturing to Philippines

Published by rudy Date posted on September 19, 2017

By Catherine Talavera (The Philippine Star), Sep 19, 2017 MANILA, Philippines — Several US-based companies are looking to relocate and expand their manufacturing facilities in the country as the trade department continues to strengthen business collaboration with investors and multinational corporations.

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ECCP: Philippines ‘not sending the right signals’ to foreign investors

Published by rudy Date posted on September 14, 2017

by Roy Stephen C. Canivel, Inquirer, Sep 14, 2017 The European Chamber of Commerce of the Philippines (ECCP) said on Thursday that concerns in the political stability of the country, including the substantial downsizing of the 2018 budget for the Commission on Human Rights (CHR), is “not sending the right signals” to foreign investors.

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First-half FDI down 14% to $3.598B despite 182.7% jump in June

Published by rudy Date posted on September 12, 2017

Ben O. de Vera, Inquirer, Sep 12, 2017 The net inflow of job-creating foreign direct investment (FDI) declined 14 percent year-on-year to $3.598 billion in the first half despite a 182.7-percent jump posted in June, the latest Bangko Sentral ng Pilipinas data released Monday showed.

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Japanese investors call for improvement, easing of business conditions

Published by rudy Date posted on August 28, 2017

By Richmond Mercurio (The Philippine Star), Aug 28, 2017 MANILA, Philippines – The representative of Japanese businesses in the Philippines is asking the government to improve business conditions in the country to regain Japanese investor interest, particularly in the manufacturing sector. “We are expecting that for the next five years, business environment will be improved…

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Korean firms leave Philippines for Vietnam

Published by rudy Date posted on August 24, 2017

By Richmond Mercurio (The Philippine Star), Aug 24, 2017 Due To Rising Cost of Business MANILA, Philippines – Korean manufacturing companies in the Philippines are packing up and leaving the country for Vietnam where they see lower costs and an easier way of doing business.

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Net ‘hot money’ outflow hit $460.8M as of June

Published by rudy Date posted on July 14, 2017

By: Ben O. de Vera, Philippine Daily Inquirer, Jul 14, 2017 Despite a net inflow of hot money in June on the back of positive market sentiment, more foreign portfolio investments left the country at the end of the first half, resulting in a net outflow of $460.83 million.

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5-mo BPO investments down 35%

Published by rudy Date posted on June 27, 2017

Political uncertainty seen contributing to decline in Peza registrations By: Roy Stephen C. Canivel, Philippine Daily Inquirer , Jun 27, 2017 Amid fears of political uncertainty under the Duterte administration, new IT-BPM investments registered under the Philippine Economic Zone Authority (Peza) have fallen by more than a third in the first five months of the…

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Net FDI inflows jumped 30.6% to $509 million in March 2017

Published by rudy Date posted on June 13, 2017

By: Ben O. de Vera, Philippine Daily Inquirer, Jun 13, 2017 The net inflow of job-generating foreign direct investment (FDI) jumped by almost a third to $509 million in March on the back of sustained investor confidence nine months into the Duterte administration, the Bangko Sentral ng Pilipinas said Tuesday.

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PH 7th most promising investment destination

Published by rudy Date posted on June 9, 2017

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Jun 09, 2017 The Philippines has become a more attractive destination of prospective foreign direct investments, placing seventh in a list of economies tagged as “most promising host countries,” the United Nations Conference on Trade and Development (Unctad) 2017 business survey showed.

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PH drops to 10th place as top host for multinationals

Published by rudy Date posted on June 9, 2017

BY MAYVELIN U. CARABALLO, TMT, Manila Times, Jun 9, 2017 Still a favored recipient of fdi The Philippines remains a promising host country for multinational enterprises (MNEs) for 2017 to 2019, according to a United Nations Conference on Trade and Development (Unctad) report.

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Net ‘hot money’ outflow hits $568M

Published by rudy Date posted on April 22, 2017

Foreign portfolio investments left due to US rate hike, PH mining uncertainty By: Ben O. de Vera, Philippine Daily Inquirer, Apr 22, 2017 The net outflow of so-called “hot money” reached $567.53 million during the first quarter and hit a four-month high in March as more foreign portfolio investment left the country due to the…

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Foreign investment pledges drop 10.7% in 2016

Published by rudy Date posted on February 25, 2017

By Czeriza Valencia (The Philippine Star), Feb 25, 2017 MANILA, Philippines – Foreign investment pledges approved by the country’s seven investment promotion agencies (IPA) declined 10.7 percent to P219 billion in 2016 from P245.2 billion in 2015, the Philippine Statistics Authority (PSA) reported yesterday.

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Japan, China firms eager to enter Phl

Published by rudy Date posted on February 23, 2017

(The Philippine Star), Feb 23, 2017 Security Bank Corp. president and CEO Alfonso Salcedo Jr. said it has partnered with Japan’s Mitsubishi UFJ Finance Group Inc. (MUFG) to arrange close to 200 meetings between the banks’ Japanese, Philippine and Southeast Asian corporate clients during yesterday’s Business Matching Fair. File photo MANILA, Philippines – Japanese and…

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More investment needed to reach affluent society goal — NEDA

Published by rudy Date posted on January 16, 2017

By E.J.C. Tubayan, Jan. 16, 2017 THE PHILIPPINES needs to attract more investment from both domestic and foreign sources to achieve the goal of becoming a high-income economy by 2040. National Economic and Development Authority (NEDA) Secretary, Ernesto M. Pernia said that total investment levels need to rise to 30% of gross domestic product (GDP),…

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Japan to invest $8.7B in PH infra projects over the next 5 years

Published by rudy Date posted on January 15, 2017

By: Tina Arceo-Dumlao, Philippine Daily Inquirer, Jan. 15, 2017 The centerpiece public infrastructure program of the Duterte administration just got a big boost with the pledge of the Japanese government to funnel some $8.7 billion in aid and private investments into the Philippines over the next five years, a sign of the continuing strong friendship…

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Net ‘hot money’ inflow posted in ’16 Bangko Sentral ng Pilipinas projecting a net outflow of $900M this year

Published by rudy Date posted on January 13, 2017

By: Ben O. de Vera, Philippine Daily Inquirer, Jan. 13, 2017 The amount of so-called “hot money” that flowed into the country last year outpaced the amount that was pulled out, resulting in net inflows of $353.59 million, the Bangko Sentral ng Pilipinas reported Thursday.

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PEZA ‘positive’ investment to more than triple this year

Published by rudy Date posted on January 10, 2017

BY RAADEE S. SAUSA, Manila Times, JANUARY 10, 2017 THE Philippine Economic Zone Authority (PEZA) is positive investments will triple or even quadruple this year as new economic zones open throughout the country after it recorded a 20 percent drop in approved investments in 2016 due to election-related uncertainties.

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Foreign investment pledges plunge 45%

Published by rudy Date posted on December 21, 2016

By Czeriza Valencia (The Philippine Star), Dece. 21, 2016 MANILA, Philippines – Foreign investment pledges approved by the country’s seven investment promotion agencies (IPAs) fell 45 percent in the third quarter this year, the Philippine Statistics Authority (PSA) reported yesterday.

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Mindanao elite investors

Published by rudy Date posted on October 31, 2016

By: Rolando T. Dy /@inquirerdotnet, October 31, 2016 Some 60 companies/groups (an incomplete list) have invested more than P1 billion each in the region. About 26 have focus in agribusiness; others are into diversified businesses (11); property and retailing (11); and mining, power, manufacturing and services (12).

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Japan firms urge Philippines to ease limits on foreign stakes

Published by rudy Date posted on October 27, 2016

By Christina Mendez (The Philippine Star), October 27, 2016 TOKYO – Japanese business groups urged the Philippines yesterday to speed up the lifting of constitutional restrictions in doing business in the country, describing it as a major obstacle in increasing foreign direct investments (FDI).

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Philippine firms secure over $11B deals during China trip

Published by rudy Date posted on October 22, 2016

By Mary Grace Padin (The Philippine Star), October 22, 2016 BEIJING – The Philippines secured $11.24 billion worth of investments from Chinese companies involving 17 different projects as a testament to the warming economic relations between Manila and Beijing.

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PCCI lists top 10 business concerns

Published by rudy Date posted on October 14, 2016

By Richmond Mercurio (The Philippine Star), October 14, 2016 MANILA, Philippines – The Philippine Chamber of Commerce and Industry (PCCI) submitted yesterday a list of its proposed resolutions to the current administration.

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More foreign funds pull out in Sept

Published by rudy Date posted on October 14, 2016

By Lawrence Agcaoili (The Philippine Star), October 14, 2016 MANILA, Philippines – More than $2 billion worth of foreign portfolio investments or “hot money” were pulled out from the Philippines in September amid the uncertainties brought about by the impending interest rate hike in the US and the increasingly worrisome presidential pronouncements that add to…

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PEZA-approved investments up P78 B in 9 mos

Published by rudy Date posted on October 3, 2016

By Richmond Mercurio (The Philippine Star), October 3, 2016 MANILA, Philippines – Investment pledges approved by the Philippine Economic Zone Authority (PEZA) continued to increase in the first nine months despite a slowdown prior to the elections and growing foreign investor concerns in the country’s political landscape.

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PH is 3rd top Asean destination for growing US companies

Published by rudy Date posted on September 24, 2016

BY RAADEE S. SAUSA, TMT, SEPTEMBER 24, 2016, http://www.manilatimes.net/ph-is-3rd-top-asean-destination-for-growing-us-companies/287570/ THE Philippines has emerged as one of the top markets for future business expansion by US companies in the 10 member the Association of Southeast Asian Nations (Asean), according to a study released on Friday.

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Philippines losing foreign investment to Vietnam, others

Published by rudy Date posted on September 8, 2016

By Claire Jiao, CNN Philippines, September 8, 2016 Metro Manila (CNN Philippines) — The Philippines is losing out on foreign direct investment (FDI) to other emerging markets in Southeast Asia — particularly Vietnam — studies show.

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200 Japanese firms in China want to move to PH

Published by rudy Date posted on July 5, 2016

Labor strikes, wage increase, and historical issues are reasons many Japanese manufacturers want to exit China and enter the Philippines Chrisee Dela Paz, June 05, 2015, http://www.rappler.com/business/industries/95369-japanese-manufacturers-china-relocate-philippines MANILA, Philippines – Around 200 Japanese companies in China want to relocate their bases here in the Philippines, as declining economic growth and rising wages there are making…

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Outside Metro Manila, Cebu: IT-BPM group lists 10 next wave cities

Published by rudy Date posted on March 31, 2016

MANILA, Philippines – The Information Technology and Business Process Association of the Philippines (IBPAP) has identified a new set of areas outside Metro Manila and Metro Cebu to serve as the country’s next information technology and business process management (IT-BPM) hubs.

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Foreign chambers cite obstacles to manufacturing growth

Published by rudy Date posted on March 4, 2016

THE Joint Foreign Chambers of the Philippines (JFC) has listed a number of constraints that are hampering the manufacturing sector from sustaining the steady growth that it has experienced in the last five years. “While existing data spark optimism, industry players are cognizant that a number of constraints hamper the sector’s upward trend,” the group…

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32 of 40 industry roadmaps completed

Published by rudy Date posted on February 10, 2016

To date, there are already 40 sectoral roadmaps submitted to the Bureau of Investments. Of the 40, 32 roadmaps have been completed and are currently being implemented or for implementation, while the rest are still subject to enhancement or finalization.

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