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Philippines FDI net inflows decline 6.6 pct in 2023
MANILA, March 11 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 6.6 percent in 2023, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the FDI net inflows reached 826 million U.S. dollars last December, bringing the yearly total amount to 8.9 billion dollars in 2023, compared to 9.5 billion dollars in net inflows recorded in.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
Philippines FDI ‘bound to improve’ in coming years – HSBC
The Philippines would be able to attract more foreign direct investments (FDI) in the coming years amid reforms that improved the country’s business climate, HSBC Global Research said......»»
China summons Philippines envoy as Manila congratulates Taiwan s President-elect
Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»
China summons Philippines envoy as Manila congratulates Taiwan s President-elect
Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»
Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
China tells Philippines not to play with fire
Manila has stirred Beijing's anger with its remarks on the election in TaiwanThe Chinese Foreign Ministry has rebuked Philippines President Ferdinand Marcos Jr. after he congratulated Taiwan on the election of Lai Ching-te as the new leader of the self-governed island, saying his comments "gravely violate the One-China principle."In a post on X (formerly Twitter) on Monday, Marcos said he.....»»
China warns Philippines not to play with fire
Manila has stirred Beijing's anger with its remarks on the election in TaiwanThe Chinese Foreign Ministry has rebuked Philippines President Ferdinand Marcos Jr. after he congratulated Taiwan on the election of Lai Ching-te as the new leader of the island, saying his comments "gravely violate the One-China principle."In a post on X (formerly Twitter) on Monday, Marcos said he was looking f.....»»
China tells Philippines not to play with fire
Manila has stirred Beijing's anger with its remarks on the election in TaiwanThe Chinese Foreign Ministry has rebuked Philippines President Ferdinand Marcos Jr. after he congratulated Taiwan on the election of Lai Ching-te as the new leader of the self-governed island, saying his comments "gravely violate the One-China principle."In a post on X (formerly Twitter) on Monday, Marcos said he.....»»
China warns Philippines not to play with fire
Manila has stirred Beijing's anger with its remarks on the election in TaiwanThe Chinese Foreign Ministry has rebuked Philippines President Ferdinand Marcos Jr. after he congratulated Taiwan on the election of Lai Ching-te as the new leader of the island, saying his comments "gravely violate the One-China principle."In a post on X (formerly Twitter) on Monday, Marcos said he was looking f.....»»
Sara reveals she will run in next polls
Summary: Sara Duterte, the Vice President and Education Secretary, announced her intention to run in the next election during a visit to flood victims in Barangay Bago Gallera. In a Facebook Live video, she mentioned that her brothers, Davao City Mayor Sebastian “Baste” Duterte and First District Rep. Paolo “Pulong” Duterte, may not run in the next election, prompting her decision to campaign. However, she did not specify the position she would be running for. The upcoming election will be the 2025 midterm senatorial elections for senators, congressmen, and local officials, with the presidential national elections scheduled for 2028. Duterte also emphasized the importance of barangay development councils in times of calamity and stressed the need for disaster resilience and awareness among barangay officials and children. Additionally, she highlighted the significance of safety and security, urging trust in security personnel and caution against scammers and swindlers. Duterte also emphasized the importance of education for the younger generation and the equal opportunities it provides. This announcement comes amidst her visits to various areas in the Philippines, where she has been extending aid and addressing pertinent issues such as disaster resilience and community safety......»»
China launches Southeast Asia outreach amid tensions with Philippines
Taipei, Taiwan - China launched a fresh round of diplomatic outreach to Southeast Asia this week, as Chinese leader Xi Jinping met with Indonesian President-elect Prabowo Subianto Monday and foreign ministers from Laos, Vietnam and East Timor began to arrive in Beijing Tuesday.The diplomatic charm offensive comes amid territorial disputes between China and the Philippines in the South China Sea, and efforts by t.....»»
China urges ROK to stay prudent on South China Sea issue: Chinese FM
BEIJING, March 28 (Xinhua) -- China urges the Republic of Korea (ROK) to stay prudent when it comes to the South China Sea issue, Chinese foreign ministry spokesperson Lin Jian said on Thursday. Lin made the remarks at a regular press briefing when responding to a media query about ROK Foreign Ministry Spokesperson's biased and unfactual comments on the South China Sea issue over the past few days. "China.....»»
DMK criticises Election Commission for being biassed in allocating symbols to political parties
Chennai (Tamil Nadu) [India], March 28 (ANI): The Deputy Secretary of the Student Wing of Dravida Munnetra Kazhagam (DMK), Ka Amutharasan, has accused the Election Commission of India (ECI) of having a biassed attitude towards opposition parties by allocating election symbols as per their wishes. "ECI has allocated the symbols for the Tamil Manila Congress and Amma Makkal Munnetra Kazhgam that those parties wished for. Th.....»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Loss of Russian gas has hurt German economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Losing Russian gas has hurt Germany s economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»