THE European Chamber of Commerce of the Philippines (ECCP) is expecting the Philippines to attract “billions” worth of investments after various industries were cleared to receive up to 100% foreign ownership. ECCP President Lars Wittig said at a launch of event in Makati City on Thursday that the group is expecting “billions of dollars” worth of […]
Tag: investment
Broadhill Capital Announces its Capital Deployment Strategy for 2023
LOS ANGELES, CA, Jan 24, 2023 – (ACN Newswire via SEAPRWire.com) – Broadhill Capital announced today that the firm will target to commit equity investment of USD $15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” […]
Marcos gets pledges in Davos but investment analysts unimpressed
By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. has secured investment commitments from at least two foreign companies during his trip to Switzerland, according to the presidential palace. But investment analysts were unimpressed, saying these commitments were insignificant and could be had without a foreign trip. New York-based investment firm Morgan […]
Marcos to seek out potential infra, agri investors at Davos
PRESIDENT Ferdinand R. Marcos, Jr. said he will seek out potential partners for his agriculture and infrastructure development plans at the Davos conference in Switzerland. In his pre-departure speech, Mr. Marcos added that he will pitch potential locators on the Philippines’ readiness to receive multinationals seeking to expand their operations in Asia. “I will draw […]
PHL urged to diversify markets after achieving scale in services
THE Philippine service industry has achieved sufficient scale to start exploring diversification into new markets even during the looming global recession, economists said. “The goal is to be able to expand our investments and trade in services, such as in food, business activities and health, beyond our borders since economies of scale in the service […]
US chamber pushes for repeal of agri foreign investment cap
THE American Chamber of Commerce of the Philippines (AmCham) has called on the government to remove foreign investment restrictions in the rice and corn industry if it wants to boost farm productivity. AmCham issued the statement after President Ferdinand R. Marcos, Jr. extended tariff reductions on pork, rice, corn, and coal until the end of […]
DBP sees wealth fund role as provider of infra capital
THE Development Bank of the Philippines (DBP) views the proposed Maharlika Investment Fund (MIF) as a valuable source of long-term capital for developing infrastructure. In a statement, the bank’s President and Chief Executive Officer Emmanuel G. Herbosa said such investment will be critical for food, water, green energy, agro-industrial ventures, telecommunications, public infrastructure, and road […]
Indonesia encourages collaboration to achieve blue economy in AIS Forum
JAKARTA, Dec 21, 2022 – (ACN Newswire via SEAPRWire.com) – Indonesia emphasized the need for collaboration to achieve the blue economy and green economy concepts among the members of the Archipelagic and Island States (AIS) Forum. “Next year (in 2023), through the head of state level meeting, we hope the joint commitment of island and […]
Cebu investment center gears up for more B2B, mentorship
WITH the extension of the Cebu Investment Development Concierge Center (CIDCC) project until June 2023, the Cebu Chamber of Commerce and Industry (CCCI) expects to facilitate more business-to-business matching and mentorship programs next year on the back of a recovering local economy. Jay Yuvallos, CCCI’s vice president for business development, said the extension will allow […]
Agriculture industry lobbies for ‘mandatory’ Maharlika allocation
THE AGRICULTURE industry said it is hoping to capture as much as 30% of the proposed sovereign wealth fund’s investable capital, saying that the wealth fund will draw away funding from the farm sector. Danilo V. Fausto, president of the Philippine Chamber of Agriculture and Food, Inc. (PCAFI), told reporters Friday, “We demand a mandatory […]
House approves Maharlika Fund bill
THE HOUSE of Representatives approved on third and final reading the bill creating the Maharlika Investment Fund (MIF), just over two weeks after it was filed by Speaker Ferdinand Martin G. Romualdez. At Thursday’s session, 279 lawmakers voted in favor of the MIF bill, while six voted against. The six lawmakers who opposed the measure […]
ALI sees new Bulacan estate as trade, commerce center
AYALA LAND, Inc. (ALI) has broken ground for its 49th estate development, which it targets to turn into a center for trade and commerce in Plaridel, Bulacan. The integrated mixed-use master-planned estate named Crossroads will sit in an 83-hectare lot in the province. ALI put a P5.2-billion initial investment in the estate to develop the […]
JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin
LONDON, Dec 15, 2022 – (ACN Newswire via SEAPRWire.com) – Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group. The funding round was also supported by […]
International Cricketer Shikhar Dhawan announces $75M Global Investment Sports Tech Fund
ABU DHABI, UAE, Dec 13, 2022 – (ACN Newswire via SEAPRWire.com) – On day one of the prestigious Abu Dhabi Finance Week (ADFW), leading international cricketer and entrepreneur Shikhar Dhawan announced that he would be launching a $75 million Global Investment Sports Tech Fund, consisting of a Greenshoe option of $25 million. The proposition is […]
LABSHIGH Disrupts the NFT Industry with the Launch of NFTMOA – the World’s Leading NFT Integrated Search Platform
NFTMOA of LABSHIGH, a user-friendly online marketplace, officially launches the first-of-its-kind NFT integrated search platform and take extra steps to serve as real estate NFT investment service platform. Seoul, Korea, December 08, 2022 – (SEAPRWire) – It is looking like the dawn of a new beginning in the NFT world with the introduction of NFTMOA of LABSHIGH. Described as […]
Tell it to SunStar: Spare pensioners’ money
I write this as a rejoinder to Nini Cabaero’s Sunday column, “Retirees Money,” which talks about the creation of Maharlika Investment Fund (MIF) through an act of Congress using, among others, contributions from members of the Government Service Insurance System and Social Security System. Accordingly, a bill is now in the House of Representatives, filed […]
Malaysian Investors take part in Indonesia Investment Forum in Penang
PENANG, Malaysia, Dec 2, 2022 – (ACN Newswire via SEAPRWire.com) – A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday. Promotion […]
Investment pitches target Japan pharma, agriculture companies
THE Department of Trade and Industry (DTI) said it is seeking to attract more Japanese pharmaceuticals and life sciences investments, while also inviting more Japanese participation in modernizing Philippine agriculture. In a statement on Thursday, the DTI said its Philippine Trade and Investment Center (PTIC) in Osaka and the Board of Investments held a roadshow […]
Increased investment in maritime transport needed to prepare for future crises
By Arjay L. Balinbin, Senior Reporter INCREASED investment in maritime supply chains, including ports, shipping fleets, and hinterland connections, is needed to boost sustainability and prepare for future global crises, the UN Conference on Trade and Development (UNCTAD) said. The recovery of maritime trade globally is hindered by port congestion and unreliable schedules amid increased […]
Marcos to sign EO fast-tracking strategic investment approvals
PRESIDENT Ferdinand R. Marcos, Jr. is expected to sign an executive order (EO) that will fast-track applications for investments deemed strategic to the economy, the Palace said on Tuesday. The order will establish a green lane in government agencies and local government units (LGUs) to streamline the issuance of permits and licenses, Acting Press Secretary Cheloy Velicaria-Garafil […]