PRESIDENT Ferdinand R. Marcos, Jr. cast aside the urgency of changing the 1987 Constitution, saying it is not a priority of his administration as some lawmakers push for amendments to supposedly allow more foreign investments. “We can achieve what we want, but within the present constitutional [framework,] the way the Constitution is written,” the president […]
Tag: investments
Net Foreign Direct Investment (November 2022)
FOREIGN DIRECT investments (FDI) in the Philippines plummeted 43.6% in November to $793 million and 13.4% to $8.43 billion in the 11-month period, suggesting a weaker global economic outlook. Read the full story.
FDI net inflows drop to $793M in November
By Keisha B. Ta-asan, Reporter FOREIGN DIRECT investments (FDI) in the Philippines plummeted 43.6% in November to $793 million and 13.4% to $8.43 billion in the 11-month period, suggesting a weaker global economic outlook. FDI net inflows also fell 14.1% from the $923-million inflows in October, data released by the Bangko Sentral ng Pilipinas (BSP) […]
Peza approves 2 projects in Cebu
THE Philippine Economic Zone Authority (Peza) Board has approved P102.227 million worth of investments for Cebu during its meeting on Jan. 26, 2023. Data obtained from Peza showed that it approved one export manufacturing enterprise and one ecozone information technology (IT) enterprise. The former will be located in the Mactan Economic Zone in Lapu-Lapu City […]
Ripples of the global green movement in the Philippines
The past years saw climate change, defined by World Health Organization (WHO) as “the change in climate in time due to human activities,” becoming a more intensified global issue, as well as a major factor in health risks. Former WHO Director Dr. Margaret Chan said that the climate crisis affects daily livelihood, including the social […]
Globe lowers capex by 30% in 2023
AYALA-BACKED Globe has lowered its cash capital expenditures (capex) by 30 percent to US$1.3 billion for 2023 from an expected peak of $1.9 billion in 2022, the company told the local bourse Friday, Dec. 9, 2022. The new capex was approved by the board on Dec. 7. “Given the headway made towards future-proofing the network, […]
EO expediting business permit issuance seen complementing ARTA functions
THE Department of Trade and Industry (DTI) said an executive order (EO) expediting business permits to be issued soon by President Ferdinand R. Marcos, Jr. will complement the functions of the Anti-Red Tape Authority (ARTA). Trade Secretary Alfredo E. Pascual said in a statement over the weekend that the EO is also expected to generate […]
August FDI net inflows drop to $797 million
PHILIPPINE NET INFLOWS of foreign direct investments (FDI) declined in August as higher interest rates and a looming global economic slowdown hurt investor confidence. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed FDI net inflows fell by 19.2% to $797 million from $987 million a year earlier. Month on month, FDI […]
‘Hot money’ outflows hit 17-month high
“Hot money” outflows hit a 17-month high in September, the central bank said. — REUTERS THE PHILIPPINES saw the biggest net outflow of short-term foreign investments in 17 months in September, reflecting the impact of the US Federal Reserve’s aggressive monetary tightening. Data from the Bangko Sentral ng Pilipinas (BSP) showed transactions on foreign investments […]
PH, US agree to pursue key investments in power, infra
DEPARTMENT of Trade and Industry (DTI) Secretary Alfredo Pascual and United States (US) Secretary of Commerce Gina Raimondo have agreed to pursue key investments in power generation, mineral processing and infrastructure in the Philippines.In his recent meeting with Raimondo in New York City, the DTI chief shared his intention to attract more US investments in […]
Eros Investments, Xfinite and Calvin Cheng partner to launch XelebX, World’s First Metaverse Members-Only Influencer Fan Club
– Members will get access to the XelebX club through tradable NFTs– XelebX will launch with a community of 200+ million existing fans across the Eros ecosystem MUMBAI, INDIA, Sept 14, 2022 – (ACN Newswire via SEAPRWire.com) – Eros Investments, a leading Global Media, Entertainment & Technology portfolio of ventures, and Xfinite, a decentralized entertainment […]
PH FDI net inflows in June drop by more than half to $471 million
THE Philippines recorded $471 million in net inflows of foreign direct investments (FDI) in June, the Bangko Sentral ng Pilipinas reported on Monday.June’s FDI net inflows went down 51.5 percent from the $971 million net inflows posted in June 2021, the central bank said in a statement.“In June 2022, FDI net inflows declined following the […]
‘Hot money’ outflows slow in July
THE EXIT of short-term foreign investments slowed in July, as the Bangko Sentral ng Pilipinas (BSP) continued to tighten monetary policy. Data released by the central bank showed transactions on foreign investments registered with the BSP through authorized agent banks (AABs) saw a net outflow of $103.14 million in July, the smallest outflow in two […]
BOI promotes biz opportunities in roadshows nationwide
THE Board of Investments (BOI), the country’s lead investments promotion agency (IPA), is conducting its series of roadshows nationwide on the salient features and highlights of the Strategic Investments Priorities Plan (Sipp).The BOI aims to promote investment opportunities, build connection with the country’s investors, would-be investors, and concerned stakeholders, and make more investments happen in […]
Net foreign direct investments
NET INFLOWS of foreign direct investments (FDIs) into the Philippines surged to a four-month high in April as further reopening of the economy and trade liberalization reforms lifted investor confidence. Read the full story.
Apptio reinforces commitment to Asia with strategic hire
SINGAPORE, Jun 24, 2022 – (ACN Newswire via SEAPRWire.com) – Apptio, the leading provider of technology business management (TBM) applications, has appointed Tarun Kumar Kalra as Regional Vice President – Asia. Tasked with strengthening and establishing new strategic engagements in the region to help organizations make informed, data-driven technology business decisions, Tarun will focus on […]
Dizraptor App Offers Pre-IPO Investments from $10,000
New York, NY, May 19, 2022 – (NovationWire) – This spring Dizraptor app has provided access to private equity investments for retail investors. The app lets you invest in disruptive technology companies at the mid- to late growth stages. Investments are available from $10,000 and up. Dizraptor can be downloaded from the App Store and Google Play. Rare […]
SEC warns public vs unauthorized investment firm
THE SECURITIES and Exchange Commission (SEC) flagged YDYS Trading OPC for soliciting investments from the public without a license. The commission said in an advisory on Wednesday that while YDYS Trading is registered as a One Person Corporation, it is not authorized to solicit investments from the public as it has not secured prior registration […]
Bill easing investment limits signed
Philippine President Rodrigo R. Duterte has signed into law a bill that relaxes restrictions on foreign investments. Republic Act 11647, which he sigend on March 2, will change the three-decade-old Foreign Investments Act. The trade liberalization law allows foreign investors to invest in a local enterprise up to 100% of its capital. They may fully […]
Foreign Investment Act amendments to boost recovery, DTI says
The amended Foreign Investments Act is likely to support the economic recovery after the coronavirus disease 2019 (COVID-19) pandemic because of the resulting increase in foreign investment, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon M. Lopez said in a statement Friday that Republic Act No. 11647, which amended the Foreign Investments […]