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DTI says reforms to improve investment climate

THE Department of Trade and Industry (DTI) said reforms being carried out by the government are expected to improve the investment climate in the Philippines, and invited large economies to help developing countries expand their trade. In a statement on Monday, Trade and Industry Secretary Ramon M. Lopez issued the call for “global inclusiveness” during […] The post DTI says reforms to improve investment climate appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 19th, 2018

Enhanced investment transparency sought

There is a need to improve the information content of the country's foreign investment negative list (FINL) in order to provide potential investors with a clearer perspective of the local business climate, which in-turn, is expected to attract foreign direct investment (FDI), a development consultant said. In a policy note,….....»»

Category: newsSource:  journalRelated NewsJun 19th, 2018

Dominguez urges Swiss investors to invest in the Philippines

THE DEPARTMENT of Finance (DoF) has invited Swiss businessmen to set up shop in the Philippines as the Duterte administration pursues more reforms to streamline investment amid its wide consumer base. “We hope Swiss businesses could find a home here — a happy one. We are working very hard to improve the ease of doing […] The post Dominguez urges Swiss investors to invest in the Philippines appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 2nd, 2018

2 key PH reforms cited in World Bank Doing Business report

Two key reforms implemented by the Philippines in the past year to improve the business climate for small and medium enterprises has been cited in the the World Bank Group’s Doing Business 2018: Reforming to Create Jobs......»»

Category: newsSource:  interaksyonRelated NewsNov 2nd, 2017

How competitive is the Philippine economy today?

In overall competitiveness, the Philippines is only better than Cambodia, Laos, and Myanmar today. We have been overtaken by Vietnam and Indonesia in most competitive indicators in the last two years. This is not to say that the Philippines did not improve. We did, especially between the years 2010 to 2015. In the last two years, however, the rest of the region accelerated their reforms while the Philippines remained static given the disruption of the national elections and the period of adjustment of the new administration......»»

Category: financeSource:  bworldonlineRelated News6 hr. 29 min. ago

Insurance designed to improve life expectancy

BPI-Philam CEO Surendra Menon believes insurance should be more about life Bancassurance firm BPI-Philam Life Assurance Corp. is moving away from the customer’s mindset that insurance is all about mitigation. An ounce of prevention and protection is worth a pound of investment. That is the message being indicated by BPI-Philam CEO Surendra Menon, who took [...] The post Insurance designed to improve life expectancy appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 1st, 2018

Philippine international investment position improves in Q1 on lower debt

The country’s international investment position continued to improve in the first quarter of the year amid the contraction in total financial liabilities, a report released by the Bangko Sentral ng Pilipinas showed......»»

Category: financeSource:  philstarRelated NewsJun 29th, 2018

Japan to share energy know-how under PH deal

“The technical assistance is needed for Filipinos to get more value for their money, in terms of investment, energy development and utilization.” Tokyo, Japan — The Philippines and Japan agreement signed a technical cooperation to improve electric infrastructure and efficiency of local power plants. Energy Secretary Alfonso Cusi and Deputy Director-General of the Japan’s Ministry […].....»»

Category: newsSource:  tribuneRelated NewsJun 23rd, 2018

PHL, Japan ink deal on power efficiency

By Victor V. Saulon, Sub-Editor THE Philippines and Japan have forged a technical cooperation agreement to improve electric infrastructure and power generation efficiency in the country, the Department of Energy (DoE) said on Friday. “The technical assistance is needed for Filipinos to get more value for their money, in terms of investment, energy development and […] The post PHL, Japan ink deal on power efficiency appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 22nd, 2018

Doing Business Taskforce implements groundbreaking reforms in Starting A Business to gear up for the next round of  the Doing Business Report

The Department of Trade and Industry, as the chair of Doing Business Task Force, is pleased to highlight the reform initiatives undertaken to improve the ease of doing business and level up the Philippines’ global competitiveness ranking. Key reforms include Quezon City’s Business One-Stop Shop (BOSS) which streamlines the process registration process into just three […].....»»

Category: newsSource:  boholnewsdailyRelated NewsJun 14th, 2018

FX system, bond mart overhaul part of financial market reform, says DOF chief

The central bank's plan to overhaul the foreign exchange system and fiscal authorities' push to accelerate the development of the fixed income bourse are linked to an overarching strategy on market reform, according to the head of the Duterte administration's economic team. In particular, Finance Secretary Carlos Dominguez III said the two parallel moves on the monetary and fiscal tracks were meant to improve liquidity, price discovery and stability, and the infrastructure of the country's currency, bond and stock markets. "Our reforms are geared toward enhancing the overall efficiency of the Philippine capital markets by focusing on their core elements," he said in an e-mail to th...Keep on reading: FX system, bond mart overhaul part of financial market reform, says DOF chief.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

‘New normal’

Today is the third and last day of the World Bank Climate Investment Fund-Pilot Program for Climate Resilience Conference being held here at the Asian Development Bank headquarters in Mandaluyong City......»»

Category: newsSource:  philstarRelated NewsMay 23rd, 2018

Moving onward and upward

The trust industry of the Philippines saw its assets grow in 2017 on the back of strong macroeconomic fundamentals and favorable investment climate, according to Bangko Sentral ng Pilipinas (BSP). In “A Report on the Philippine Financial System,” BSP said the industry’s total assets reached P3.42 trillion, up 15.9% from 2016. “The expansion in the […] The post Moving onward and upward appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 21st, 2018

BOI INVESTMENTS UP 28% IN FIRST 4 MONTHS OF 2018

The Philippine Board of Investments (BOI), the country’s lead investments promotion agency, recorded a Php195.7 billion worth of investment approvals for the January to April 2018 period, an increase of 28 percent compared to the same period last year where it posted Php153.1 billion. “The strong macroeconomic fundamentals and the continuous policy reforms sustained the […].....»»

Category: newsSource:  boholnewsdailyRelated NewsMay 16th, 2018

Philippines, Russia follow through on JCTEC initiatives

The JCTEC is a mechanism to improve bilateral economic relations between the Philippines and Russia. During the meeting, the following areas for collaboration were discussed: trade and investment p.....»»

Category: newsSource:  philippinetimesRelated NewsMay 9th, 2018

Clark unfazed by proposed reforms in incentives

Clark Development Corp., one of the top investment promotion agencies in the country, is not worried about the looming reforms in the incentives package, expressing its full support to the government’s plan to make the Philippines a more competitive investment destination......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2018

UN calls current climate funding an umbrella in a hurricane

BONN, Germany – Not millions, not billions, but trillions. This is the amount of funding and investment the world needs if it is to protect itself from the devastating impacts of climate change, according to Patricia Espinosa, executive secretary of the United Nations Framework Convention on Climate Change. "Let me put it this way. ........»»

Category: newsSource:  rapplerRelated NewsMay 4th, 2018

DBP vows more loans for infra, environmental projects

The Development Bank of the Philippines (DBP) has vowed to allocate more funds for loans to infrastructure and environmental projects with an eye toward providing more potable water and improving waste management in far-flung areas of the country, its chief said. In a press statement, DBP president and CEO Cecilia Borromeo said the bank was prepared to provide the necessary assistance to towns and municipalities seeking to improve long-term water availability and accessibility, and to undertake projects that would reduce air and water pollution, improve solid waste management, and advance climate change adaptation and disaster risk reduction. "DBP remains committed to providing rea...Keep on reading: DBP vows more loans for infra, environmental projects.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

DENR touts ‘green infrastructure’ to boost resiliency

THE Department of Environment and Natural Resources (DENR) said it is hoping for more investment in so-called “green infrastructure” and added that measures like tree-planting have the potential to improve the country’s water management issues. In a statement on Tuesday, Environment Secretary Roy A. Cimatu said green infrastructure is cost-effective and helps make communities more […] The post DENR touts ‘green infrastructure’ to boost resiliency appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

Department of Tourism eyes more tourism investments in Philippines

MANILA, Philippines — To improve the country’s investment readiness and attractiveness, the Department of Tourism (DOT) has signed a memorandum of understand.....»»

Category: newsSource:  philstarRelated NewsMar 25th, 2018

War for Asia talent pushes banks to improve plans to retain women

YEP, THERE’S STILL plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs — and bumping up the numbers of women in their management ranks as a […] The post War for Asia talent pushes banks to improve plans to retain women appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018