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10 more Chinese companies intend to invest in PH

MANILA, Philippines – During President Rodrigo Duterte’s visit to Boao, China, 10 Chinese companies said they would invest billions in the Philippines. Most of the companies signed letters of intent in the presence of Duterte and his Cabinet members during a ceremony held on ........»»

Category: newsSource: rappler rapplerApr 10th, 2018

Take two for China

The local telecommunications industry may not seem to be a worthwhile opportunity for Chinese companies to invest in (yet), but there are many other areas in.....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

DTI: Chinese firms eyeing PH ventures

Two Chinese companies have offered to invest some $4.5 billion in the country, the Trade department said. The firms were identified as Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation, which plan to invest in iron and steel manufacturing and shipbuilding. “This is one of several investment proposals we have received [...] The post DTI: Chinese firms eyeing PH ventures appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 23rd, 2017

Chinese firms have big enthusiasm to invest in Philippines

MANILA, Philippines — A Beijing trade official says Chinese companies have "very big" enthusiasm about investing in railways and airports and other major inf.....»»

Category: financeSource:  philstarRelated NewsNov 15th, 2016

US blacklists Russian, Chinese companies for breaking North Korea embargo

The US Treasury announced sanctions on Russian and Chinese companies Wednesday for violating the economic embargo on North Korea as Washington seeks to maintain pressure on Pyongyang over its nucle.....»»

Category: newsSource:  philippinetimesRelated NewsAug 16th, 2018

PLDT’s Voyager secures strategic foreign partners

Telco giant PLDT Inc. has finally secured foreign strategic partners to invest in its digital innovations arm, Voyager Innovations Inc., after earlier talks with Chinese tech giant Tencent Holdings Ltd. failed, PLDT chairman and chief executive officer Manuel V. Pangilinan said......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2018

Converge ICT will invest $1.8B to accelerate broadband rollout

CONVERGE ICT Solutions, Inc. is investing $1.8 billion for its broadband network expansion in the next five years, partnering with US, South Korean and Philippine companies for its nationwide rollout. The post Converge ICT will invest $1.8B to accelerate broadband rollout appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

First round of US tariffs on Chinese goods to hit $50B – USTR

WASHINGTON, United States -- The first round of President Donald Trump's25 percent punitive tariffs on China will hit $50 billionin goods starting August 23, the government announced Tuesday. Washington already imposed tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by US companies. Although the move was expected, it cements the view that there appears to be no effort underway to defuse the dispute between the world's two largest economies. China has already retaliated with duties of its own, and has pledged to match the US dollar for dollar with new tariffs. The dispute has continued to escalate ...Keep on reading: First round of US tariffs on Chinese goods to hit $50B – USTR.....»»

Category: newsSource:  inquirerRelated NewsAug 8th, 2018

PH Needs to Be More Competitive to Lure Chinese Investors

The Philippines needs to be more competitive in terms of costs to attract more Chinese manufacturing companies to locate in the country with the increasing operation cost in China. In an interview, International Chamber of Commerce Philippines (ICCP) Founder and Philippine Chamber of Commerce Industry (PCCI) Chairman Emeritus Francis Chua said should Chinese manufacturers ever […].....»»

Category: newsSource:  metrocebuRelated NewsAug 4th, 2018

SEC warns vs 5 crypto scams

The Securities and Exchange Commission has warned the investing public against five companies that mostly ride on the cryptocurrency and online investing hype to promote anomalous investment schemes.   The SEC issued separate warnings against these five entities: Cypto Expert Inc., Paysbook E-Commerce System Co. Ltd., Freedom Traders Club, Purewealth EBC Corp. and Yeheey iTraffic System Inc.   These entities operate varying schemes, mostly using the internet, but none of them is authorized by the SEC to solicit investments.   In the case of Crypto Expert, the SEC received information that certain individuals or group of persons were offering online invest...Keep on reading: SEC warns vs 5 crypto scams.....»»

Category: newsSource:  inquirerRelated NewsAug 3rd, 2018

Starbucks and Alibaba join forces as China coffee war brews

SHANGHAI, China – Starbucks coffees will be delivered to Chinese consumers with the help of e-commerce giant Alibaba, the companies ........»»

Category: newsSource:  rapplerRelated NewsAug 2nd, 2018

Asian firms considering resorts in Cagayan – CEZA

COMPANIES from Hong Kong, Japan, Malaysia, and South Korea are interested to build integrated resorts in Cagayan province, the Cagayan Economic Zone Authority (CEZA) said on Thursday. At the sidelines of financial technology firm Liannet Technology Ltd.’s marketing launch in Mandaluyong City, CEZA Administrator Raul Lambino said these “four big companies” would each invest a [...] The post Asian firms considering resorts in Cagayan – CEZA appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 26th, 2018

Unique stadium concept takes shape

SHENZHEN -- While many World Cup spectators may be more aware of Chinese companies through their advertising efforts during the tournament, few may know that some are also building the stadiums the.....»»

Category: newsSource:  philippinetimesRelated NewsJul 26th, 2018

Chinese brands score big at Russia World Cup

BEIJING -- The national team wasn't there but that didn't stop Chinese companies orchestrating an advertising bonanza of unprecedented proportions at the recently concluded FIFA World Cup.....»»

Category: newsSource:  philippinetimesRelated NewsJul 19th, 2018

The clash: World Cup, Wimbledon men s finals could overlap

By Howard Fendrich and Ronald Blum, Associated Press MOSCOW (AP) — Roger Federer almost sounded offended when asked whether he would be concerned about Centre Court spectators paying too much attention to the World Cup final during the Wimbledon men's singles final. "I'm more concerned the World Cup final will have issues because the Wimbledon final is going on," he quipped. "They'll hear every point, 'Wow, love-15, 15-30.' The players are going to look up in the crowd and not understand what's going on at Wimbledon." "That's how important Wimbledon is to me," the eight-time champion said, before he was eliminated in the quarterfinals this week, "and to us over here." What's a viewer to choose this Sunday? The Wimbledon final between the man who beat Federer, Kevin Anderson, and Rafael Nadal or Novak Djokovic could be only about halfway done in London when the World Cup final between France and Croatia kicks off in Moscow. This year's soccer final starts at 11 a.m. EDT, an unusual time: nine of the 10 World Cup finals from 1978 through 2014 started in the 2-3:30 p.m. EDT range. The exception was the 2002 finale in Japan, which began at 7 a.m. EDT. "I'm sure the change they made was to maximize their audience worldwide, considering the time in China, Japan, Russia, all the other major countries," said former CBS Sports President Neal Pilson, now an industry consultant. The soccer game begins at 6 p.m. local time at Luzhniki Stadium, which is 5 p.m. in Paris and Zagreb. The shift appears aimed at soccer's ever-increasing Asian audience, with the start time at 11 p.m. in Tokyo and midnight in Beijing. Four of FIFA's 11 top-level partners and sponsors are Chinese companies. "The kickoff times for the FIFA World Cup were set in cooperation with a range of stakeholders and taking into account a number of aspects such as the global broadcast market and feasibility for the fans — both in terms of attending the matches and reaching a wide TV audience," soccer's governing body said in an email to The Associated Press. In the U.S., the soccer is on Fox and the tennis on ESPN. In Britain, the soccer is on both BBC1 and ITV, and the tennis on BBC1. Tennis would switch to BBC2 if the finals overlap. "In due respect to the All England Club, the finals of Wimbledon is a blip on the radar when you're talking about the World Cup final," Pilson said. "It's unfortunate, and it does hurt in the United States, where tennis has a significant audience." Dates for the World Cup final have ranged from June 10 to July 30, and each has been on a Sunday except for the first tournament in Uruguay in 1930, played on a Wednesday, and the 1966 tournament in England, which finished on a Saturday at Wembley. The Wimbledon's men's singles final was scheduled for a Saturday through 1981. The World Cup final has twice been the same day as the men's singles final, on July 8, 1990, in Rome, and on July 9, 2006, in Berlin. Those soccer matches started at 8 p.m. local time (2 p.m. EDT), about two hours after the tennis ended: Stefan Edberg's 6-2, 6-2, 3-6, 3-6, 6-4 win over Boris Becker in 1990, and Federer's 6-0, 7-6 (5), 6-7 (2), 6-3 win over Nadal in 2006. The roots of this year's conflict go back six years. The All England Club announced in July 2012 that it would increase the time between the end of the French Open and the start of Wimbledon from two weeks to three starting in 2015, allowing players extra time to adjust to the switch from clay courts to grass. FIFA's executive council announced World Cup kickoff times in December 2015. Wimbledon never had any intent to alter the start time of its final, traditionally about 2:10 p.m. local (9:10 a.m. EDT). Its large-screen videoboard on Henman Hill will remain tuned to tennis. Pressure for a shift would have increased had England beaten Croatia and advanced to its first final since winning the World Cup in 1966. "We're very comfortable with the long-term view that we take," said Richard Lewis, chief executive of the All England Club. "We're not driven by short-term decisions, whether it be TV ratings or sponsorship. Wimbledon takes a long-term view. (The World Cup) is for this year. It's a one-year happening. And for the future, we'll still be at 2 o'clock on the Sunday. Nothing changes, from our point of view." ___ Fendrich reported from London......»»

Category: sportsSource:  abscbnRelated NewsJul 14th, 2018

Trade tension hurts US consumers

Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […].....»»

Category: newsSource:  tribuneRelated NewsJul 8th, 2018

U.S. plans limits on Chinese investment in U.S. technology firms

 WASHINGTON – The U.S. Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying U.S. companies in “industrially significant” technologies, the Wall Street Journal reported on Sunday. Citing people familiar with the matter, the newspaper said the U.S. National Security Council and Commerce Department were also devising […].....»»

Category: newsSource:  interaksyonRelated NewsJun 25th, 2018

China steel firm investing $3 billion in Philippines

Chinese steel manufacturer Panhua Group Co. Ltd. plans to invest up to $3 billion to develop an integrated steel industry in the country, the Philippine Economic Zone Authority (PEZA) said......»»

Category: financeSource:  philstarRelated NewsJun 23rd, 2018

Google to invest $550 million in China e-commerce giant JD.com

Google will invest more than half a billion dollars in China’s second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which poses a challenge […] The post Google to invest $550 million in China e-commerce giant JD.com appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 18th, 2018

Why invest in cybersecurity?

Cyberattacks often go unreported because any leak can cost the victimized company millions in revenues What would it entail to protect one’s enterprise from a cyberattack? And will it be worth the investment? The heads of Philippine companies, especially small-to-medium-sized enterprises, may be aware of the danger that a cyberattack can do to their systems [...] The post Why invest in cybersecurity? appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 16th, 2018

Duterte tells China to probe complaints of PH fishermen

President Rodrigo Duterte skipped diplomatic channels and went directly to Ambassador Zhao Jianhua to relay to China his concerns over the confiscation of Filipino fishermen's catch by Chinese coast guards at Panatag Shoal, presidential spokesperson Harry Roque said on Wednesday.   Speaking in a radio interview about the discussion between Mr. Duterte and Zhao during Independence Day rites in Kawit, Cavite province, on Tuesday, Roque said that given the chance, the President would have gone directly to Chinese President Xi Jinping to remind him that they had an agreement on free access by Filipinos to Panatag Shoal.   The President told Zhao that China should invest...Keep on reading: Duterte tells China to probe complaints of PH fishermen.....»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2018