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: philstar philstarNov 15th, 2016

Watchdog warns vs signing Kaliwa Dam loan deal with China

An economic watchdog on Wednesday warned the Duterte government not to sign the bilateral loan agreement to fund the Kaliwa Dam project during the visit of China President Xi Jin Ping.   The Freedom from Debt Coalition (FDC) said the attached loan conditions had terms that were "patently unfavorable" for the Philippines.   "We fear that in the rush to get the project signed, the legitimate concerns of key stakeholders including indigenous peoples, local government units and local communities are being ignored," FDC president Rene Ofreneo said.   For instance, FDC cited the condition of limiting project bidders to only Chinese firms, adding that the co...Keep on reading: Watchdog warns vs signing Kaliwa Dam loan deal with China.....»»

Category: newsSource:  inquirerRelated NewsNov 14th, 2018

PH banks build up defense vs cybercriminals

As the Philippines emerges as a hotbed of online gaming firms, it has also become an attractive target for international cybercriminals, challenging banks to invest in stronger firewall and IT risk.....»»

Category: newsSource:  philippinetimesRelated NewsOct 14th, 2018

Philippines seen as new front for war among Chinese fintech firms

The Philippines will likely become the latest financial technology battleground for Chinese tech players......»»

Category: financeSource:  philstarRelated NewsOct 10th, 2018

China’s Tencent, KKR to invest in PayMaya developer

Chinese technology giant Tencent Holdings, the developer of WeChat, and a United States-based fund are entering PLDT Inc.'s digital innovations arm--- a move seen to accelerate the use of cashless payments in the Philippines over the next few years. In a joint statement, PLDT said Tencent and investment firm KKR will invest up to $175 million (P9.5 billion) into PLDT unit Voyager Innovations, which operates the mobile wallet PayMaya. The deal was branded yesterday as the single largest investment to date in a Philippine tech company. "We can scale up and that's what Tencent and KKR want to do," PLDT chair and CEO Manuel V. Pangilinan told reporters in a briefing on Thursday. "Al...Keep on reading: China’s Tencent, KKR to invest in PayMaya developer.....»»

Category: newsSource:  inquirerRelated NewsOct 4th, 2018

Tarlac eyed as next site for China-Asean trade expo

The Philippines is looking to attract firms from both China and the Association of Southeast Asian Nations (ASEAN) to do business and invest in Tarlac as the province is being positioned as the country’s next trade, investment and tourism hub at the 15th China-ASEAN Expo (CAEXPO)......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2018

BOI, Japan bank tie-up to promote Philippines to Japan SMEs

The Board of Investments (BOI) has partnered with a Japanese bank to work together to encourage firms from Japan to do business and invest in the Philippines......»»

Category: financeSource:  philstarRelated NewsAug 31st, 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

Facebook granted Chinese electronics firms access to user data

MANILA, Philippines - In the wake of the controversial Cambridge Analytica scandal, The New York Times reported that Facebook, on Tuesday, June 5 confirmed that at least four Chinese electronics firms were granted private access to user data. The social media giant disclosed that it has data-sharing ........»»

Category: newsSource:  rapplerRelated NewsJun 6th, 2018

Chinese delegation expresses interest in PHL investment

CHINESE firms are demonstrating increased interest in doing business in the Philippines due to the growing economy, the Department of Finance (DoF) said. In a statement, the DoF said that the All-China Federation of Commerce and Industry (ACFCI) expressed interest in a meeting with Finance Secretary Carlos G. Dominguez III on May 24. “I bring […] The post Chinese delegation expresses interest in PHL investment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2018

BoI: Chinese firms bullish on investing

Chinese companies remain upbeat about investing in the Philippines with a 30-man delegation recently in the country to scout for opportunities, the Board of Investments said on Friday. The Chinese delegation, led by Director Wang Kewen of the China Overseas Development Association (CODA), was said to be interested in the infrastructure, energy, industrial parks and [...] The post BoI: Chinese firms bullish on investing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

Roque on blacklisted Chinese firms, PH in competitive rankings, House on BBL | Evening wRap

Today on Rappler: Presidential Spokesperson Harry Roque downplays concerns over the possible involvement in Marawi rehabilitation of two Chinese firms blacklisted by the World Bank for corrupt practices.  The Philippines drops 9 notches to 50th spot out of 63 economies in this year’s World Competitiveness Yearbook rankings of the International ........»»

Category: newsSource:  rapplerRelated NewsMay 24th, 2018

ECCP: Foreign firms eye investing in PH

SEVERAL foreign companies are looking to invest in the Philippines, particularly in cosmetics, power, green energy, and waste management, the European Chamber of Commerce of the Philippines (ECCP) said. On the sidelines of the chamber’s 40th anniversary celebration in Parañaque City on Thursday, ECCP President Guenter Taus told reporters that an Australian delegation, which included [...] The post ECCP: Foreign firms eye investing in PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 19th, 2018

China firms in Marawi rehab once blacklisted by World Bank

MANILA, Philippines – Two Chinese companies poised to win a P17.2-billion contract to rehabilitate the former battle area in Marawi City were once blacklisted by the World Bank over corrupt practices in the Philippines. China State Construction Engineering Corporation (CSCEC) and China Geo Engineering Corporation (CGC) allegedly colluded with ........»»

Category: newsSource:  rapplerRelated NewsMay 14th, 2018

DPWH, Chinese firms sign contract for 2 Pasig River bridges

MANILA, Philippines – The Department of Public Works and Highways (DPWH) and two Chinese firms signed a contract on Friday, April 27, to implement two bridge projects along the Pasig River. The contract, worth ¥643.458 million or around P5.27 billion, is for the survey, design, and construction of the Binondo-Intramuros ........»»

Category: newsSource:  rapplerRelated NewsApr 28th, 2018

Russian firms bullish on Philippines

Russian companies have expressed interest to invest in critical sectors of the Philippine economy after a state and business delegation met with local counterparts last week, the Board of Investments said......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2018

UK firms urged to invest in Philippine retail sector

The country’s retail sector presents an exciting opportunity for companies from the UK, the British Chamber of Commerce Philippines said......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2018

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:  rapplerRelated NewsApr 10th, 2018

Swiss firms urged to invest in PH

The Department of Trade and Industry (DTI) is encouraging more companies from Switzerland to invest in the Philippines and take advantage of its “liberalized trade and investment flows.” In the Philippine-Swiss Business Forum held at the Swiss city of Zurich on March 28, Trade Undersecretary Ceferino Rodolfo said the country “is maximizing the opportunities brought [...] The post Swiss firms urged to invest in PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 4th, 2018

DENR urges firms to ‘invest in nature’

MANILA, Philippines — The Department of Environment and Natural Resources (DENR) has emphasized the need to “invest in nature” to ensure cost-effective solut.....»»

Category: financeSource:  philstarRelated NewsMar 28th, 2018

3 Aussie firms keen on investing in PH

Three Australian companies have expressed interest to invest in the Philippines, the Department of Trade and Industry (DTI) said in a statement Wednesday......»»

Category: newsSource:  interaksyonRelated NewsMar 22nd, 2018