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Foreign chambers see amendments to FIA raising investment

Foreign chambers see amendments to FIA raising investment.....»»

Category: newsSource: bworldonline bworldonlineSep 11th, 2019

Industry groups, foreign chambers seek 15-year CITIRA transition

Industry groups and foreign chambers are seeking a longer transition period for the proposed Corporate Income Tax and Incentives Rationalization Act, saying this would ensure a steady return on investment......»»

Category: financeSource:  philstarRelated NewsOct 24th, 2019

Foreign chambers laud changes to Foreign Investments Act

Foreign business groups in the country welcomed the recent approval of amendments to the Foreign Investments Act at the House of Representatives, saying these would enable the Philippines to attract more investments......»»

Category: newsSource:  philstarRelated NewsSep 12th, 2019

More certainties than alleged uncertainties

The colorful, mercurial and impulsive style of President Rody Duterte has prompted credit rating agencies and some foreign chambers of commerce to raise the alarm flag about the investment climate in the Philippines.  It is possible we may not get any .....»»

Category: newsSource:  mb.com.phRelated NewsOct 2nd, 2016

Philippine Statistics Authority: 23.1% drop in foreign investment pledges for CV in 2019

CEBU CITY, Philippines — Pledges from foreign investors for Central Visayas dropped by 23.1 percent in 2019, recent figures from the government showed.  This as the Philippines posted a record-breaking P390.1 billion worth of approved foreign investments (FI) for the entire 2019, accounting for an increase of 112.8 percent.  Figures from the Philippine Statistics Authority […] The post Philippine Statistics Authority: 23.1% drop in foreign investment pledges for CV in 2019 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 22nd, 2020

Approved foreign investment pledges hit record-high P390.1 billion in 2019

Approved foreign investment pledges hit record-high P390.1 billion in 2019.....»»

Category: financeSource:  bworldonlineRelated NewsFeb 21st, 2020

Foreign investments rise to P390B

Foreign investments approved by the government’s seven investment promotion agencies climbed 112.8 percent in 2019 to P390.11 billion from P183.35 billion in 2018, according to the Philippine Statistics Authority......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2020

Ecozone pledges up despite CITIRA threat

Foreign direct investment pledges in the country’s economic zones more than doubled last year, even as there are indications that investors remain wary of government plans to reduce their tax perks......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2020

EDITORIAL - Falling investments

In the first 11 months of 2019, foreign direct investment fell by nearly 30 percent from the same period in 2018, from $9.15 billion to $6.41 billion......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2020

FDIs seen exceeding $10 billion if CITIRA passed

Foreign direct investment inflows could exceed $10 billion and revisit record highs this year once the second package of the government’s Comprehensive Tax Reform Program is passed......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2020

High regulatory risk causing low FDI inflow

Though there are numerous investment-related factors that make it better than most other countries in this part of the world—a mainly young and efficiently educated workforce, familiarity with Western culture and traditions, a political history generally characterized by democracy and the rule of law and a citizenry that is adaptable and resilient, among others—the Philippines has long been one of the East Asian countries not successful in attracting a high level of FDI (foreign direct investment). It has consistently been one of the less-favored destinations for FDI, faring far less well than the likes of Thailand and Vietnam and doing a little better than countries like Laos and Cambodia......»»

Category: newsSource:  thestandardRelated NewsJan 22nd, 2020

Govt’s euro bond issue gets investment grade

International credit rating agencies have assigned investment grade scores on the government’s planned 500-million euro ($554-million) bond issuance. In a statement, S&P Global Ratings said it “assigned its ‘BBB+’ long-term foreign currency issue rating to the proposed benchmark-size euro-denominated senior unsecured notes to be issued by the Republic of the Philippines (BBB+/Stable/A-2).” Fitch Ratings, in […].....»»

Category: newsSource:  manilatimes_netRelated NewsJan 21st, 2020

SEC readies rules for cryptocurrencies

The Securities and Exchange Commission (SEC) is eyeing to finalize a cryptocurrency framework by first half of the year, following the signing of amendments for real estate investment trusts (REITs). SEC Chairperson Emilio Aquino, on the sidelines of signing of amended REIT regulations on Monday, told reporters that the regulator has a draft for the […].....»»

Category: newsSource:  manilatimes_netRelated NewsJan 21st, 2020

Implementing rules on real estate investment trust ready for signing

THE government is set to sign today the amendments to the implementing rules and regulations (IRR) of the Real Estate Investment Trust (REIT) Act, which is expected to draw up REIT registrations from listed property firms......»»

Category: financeSource:  bworldonlineRelated NewsJan 20th, 2020

PH forex reserves hit new high in December

THE country’s gross international reserves (GIR) reached a new record high of $87.85 billion in December, boosted by the central bank’s foreign exchange (forex) operations and investment income, as well as the government’s foreign currency deposits. The latest figure surpassed the $86.22 billion recorded in November and the $83-billion projection of the Bangko Sentral ng […].....»»

Category: newsSource:  manilatimes_netRelated NewsJan 7th, 2020

PRC lifts foreign ownership limits

Beijing, China (AFP) — China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of 2020, foreign banks can now set up wholly-owned branches in China without a […] The post PRC lifts foreign ownership limits appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 5th, 2020

Senate won’t dance to House Cha-cha

The Senate is unlikely to prioritize deliberating on a resolution passed by a House committee seeking to lift restrictions on foreign ownership of businesses as well as extend the terms of members of Congress though constitutional amendments, Senate President Vicente Sotto III said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 13th, 2019

Charter Change body wants economic restrictions lifted

A TASK force created to propose changes to the 1987 Constitution wants to remove economic restrictions in the Charter, including the ban on foreign investment in some industries......»»

Category: financeSource:  bworldonlineRelated NewsDec 11th, 2019

FDI inflows plunge 37% in 9 months

Net inflows of foreign direct investments declined for the seventh straight month in September as investors continued to hold off their investment plans in emerging markets, including the Philippines, until global growth outlook improves, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsDec 10th, 2019

PH dollar reserves at all-time high in Nov

THE country’s gross international reserves (GIR) hit an all-time high of $86.39 billion in November boosted by the central bank’s foreign exchange operations and investment income, as well as government’s foreign currency deposits. The figure surpassed the previous all-time high reserves level of $86.13 billion recorded in September 2016 as well as the $83 billion […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 7th, 2019

Approved foreign investment pledges (Q3 2019)

Approved foreign investment pledges (Q3 2019).....»»

Category: financeSource:  bworldonlineRelated NewsDec 5th, 2019