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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

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

Mongolia’s economy to grow 6.5%

Projected strong foreign direct investment (FDI) and improving current accounts will support further reserve accumulation. #IMFreportonMongolia The post Mongolia’s economy to grow 6.5% appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated News10 hr. 21 min. ago

Foreign investment inflows drop 48.5% in June

Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsSep 11th, 2019

House panel tackles Cha-cha tomorrow

The House of Representatives committee on constitutional amendments will again try to tackle proposals to amend the Constitution to pave the way for the eventual relaxation of foreign ownership restrictions of land and businesses......»»

Category: newsSource:  philstarRelated NewsSep 9th, 2019

House OKs bill allowing more foreigners to practice profession in PH

MANILA, Philippines — The House of Representatives gave its nod to a bill allowing more foreigners to practice their profession in the country and lowering the direct local hires required of foreign investors. Voting 201-6, the chamber favored House Bill No. 300 that will amend Republic Act No. 7042 or the Foreign Investment Act of […] The post House OKs bill allowing more foreigners to practice profession in PH appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 9th, 2019

‘Mabining Mandirigma’ puts a spotlight on feudal patronage politics

Truly, the descendants of the wicked remain wicked to the poor and cordial to the foreigner. It is evident in violent demolitions of communities such as Sitio San Roque in Quezon City, Aetas in Clark, Dumagat in Sierra Madre, and Sitio Aroma in Cebu to make way for development projects; it is evident when our islands are being sold--literally and virtually--to foreign business in the pursuit of investment. The post ‘Mabining Mandirigma’ puts a spotlight on feudal patronage politics appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsAug 17th, 2019

Ligue 1 2019-20: PSG set to dominate once again

By Samuel Petrequin, Associated Press PARIS (AP) — After winning its sixth French championship in seven years last season, Paris Saint-Germain is expected to continue its dominance in what at times can look like a one-team league. For the Qatari-backed PSG, the minimum requirement remains the same: win the French league. PSG's ultimate goal is also unchanged: win the Champions League after years of repeated failures. With its 500-million euro budget — more than five times that of last season runner-up Lille — huge sponsorship deals and top-class players, PSG simply has no rival in a league lacking strength in depth. On paper, Thomas Tuchel's team looks even stronger than last season, when it was crowned champion with five games to spare despite a late dip of form. Amid persistent rumors that Neymar will leave the club and return to Barcelona, PSG remains a formidable attacking force with the likes of Kylian Mbappe, Edinson Cavani and Angel Di Maria. It also strengthened its backline this summer with the addition of Dortmund defender and France Under-21 international Abdou Diallo, while recruits Idrissa Gueye, Ander Herrera and Pablo Sarabia will provide midfield stability and experience. Sarabia, Herrera and Diallo were included in Tuchel's starting XI last weekend as PSG sealed a seventh consecutive Trophee des Champions — the French equivalent of the Charity Shield — with a 2-1 win over Rennes. PSG took pride in the win, insisting on the importance of the trophy, the 40th since the club's inception back in 1970. But in reality, the only title that really matters in the French capital is the Champions League. Success in Europe's top competition has so far proved elusive for PSG, which has never been beyond the quarterfinals since Qatari backers QSI started funding the club with huge investment eight years ago. In the past three seasons PSG has gone out in the Round of 16, twice wasting strong first-leg leads. The last time it was against Manchester United in March, when PSG became the first team to be eliminated from the competition after winning the away leg 2-0. "We need to carry on in the league, we need to extend our domination," Mbappe said. "We lost two national Cups (last season), we will try to recover them. And there is the Champions League. We have come to a halt in recent years, it's up to us to find a solution and reach a new milestone." More than the offseason recruits, Leonardo's return as sporting director could be the decisive ingredient that was missing in PSG's quest for European glory. Leonardo, who became PSG's sporting director for the first time in July 2011 and held his role until May 2013, has been given full powers by club president Nasser Al-Khelaifi. At a club where star individuals often appear more important than the team itself, Leonardo's return will mark a change of style in the players' management. A disciplinarian, Leonardo has warned Neymar that he would not let him go unless a juicy offer arrived and has reportedly criticized the Brazil star in front of his teammates after he reported late for PSG's pre-season training. "I don't have the key that is going to open the door to the Champions League," Leonardo said in an interview with Le Parisien newspaper. "Who has it? Not me. I just want to be clear about our goal: the club is THE great institution at the heart of the entire project." PSG starts the defense of its title on Sunday at the Parc des Princes against Nimes. Lille hosts Nantes, Marseille plays Reims at home and Lyon travels to Monaco on Friday night in the season's opening game. NO MONEY, BIG GOALS After a calamitous season, Marseille's main goal is to return to the Champions League under new coach Andre Villas-Boas. Three years after American billionaire Frank McCourt pledged to revive the 1993 Champions League winners, Marseille failed in its bid to qualify for Europe's top competition and did not even get a spot in the Europa League. Villas-Boas subsequently replaced Rudi Garcia and, despite very limited funds to spend on new players, has promised to deliver quickly in his bid to restore Marseille's past luster. "I don't want to lose time with excuses," he said. "I'm hoping for a podium finish." Villas-Boas has lured 29-year-old forward Dario Benedetto from Boca Juniors and hopes he will be able to keep Valere Germain, Florian Thauvin, Dimitri Payet and Luis Gustavo at the southern club. "We don't have money, it's a shame but it's a reality," Villas-Boas said. "We have some problems related to Financial Fair Play regulations. Now I'm waiting anxiously for the end of the English transfer market because that could change everything for the other teams." STARS' EXILE Nicolas Pepe and Nabil Fekir have become the latest big names to depart the French league as the talent exodus to foreign clubs continues. After scoring 22 league goals for Lille, Pepe left for Arsenal while World Cup winner Nabil Fekir joined Real Betis from Lyon. Lyon's new coaching setup of sporting director Juninho and coach Sylvinho have yet to find a replacement for Fekir, who left in the wake of other top players including Tanguy Ndombele and Ferland Mendy......»»

Category: sportsSource:  abscbnRelated NewsAug 7th, 2019

Main findings of Global Witness 2019 Report

Vast natural resources and fertile soils have long attracted foreign investment to the Philippines, yet widespread corruption and a culture of impunity for unscrupulous companies has seen the profits disappear into the pockets of a tiny elite. - Global Witness The post Main findings of Global Witness 2019 Report appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJul 31st, 2019

LIST: Business groups wishes for 18th Congress

MANILA, Philippines – Business groups and foreign chambers released a wish list of legislative reforms that they want the 18th Congress to prioritize. The following groups released a joint statement on Tuesday, July 30: Alyansa Agrikultura American Chamber of Commerce of the Philippines Australia-New Zealand Chamber of Commerce of the Philippines Bankers Association of ........»»

Category: newsSource:  rapplerRelated NewsJul 30th, 2019

Corporate tax reform to attract foreign medical devices investment — Fitch unit

Fitch Solutions said the bill seeking to reduce corporate tax could promote a “more business friendly environment.”.....»»

Category: financeSource:  philstarRelated NewsJul 24th, 2019

China opens up finance sector to more foreign investment

BEIJING, China – China lifted some restrictions on foreign investment in the financial sector Saturday, June 20, as the world's second largest economy fights slowing growth at home and a damaging trade war with the US. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, a ........»»

Category: newsSource:  rapplerRelated NewsJul 20th, 2019
Category: newsSource:  manila_shimbunRelated NewsJul 19th, 2019

Chambers pitch concerns to Congress

LEGISLATIVE measures that will open the country to more foreign investments, increase jobs and further reform the tax system top local and foreign businesses’ wish list for the 18th Congress that convenes for its first of three regular sessions on July 22......»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2019

Foreign-worker crackdown backed by chambers

FOREIGN business chambers said they support the government’s proposed controls on the entry of foreign workers, saying that Chinese investors in the online gaming industry have provided limited employment opportunities to Filipino workers......»»

Category: newsSource:  bworldonlineRelated NewsJul 16th, 2019

Foreign traders explore investment potentials in SoCot

SEVERAL FOREIGN investors have signified interest to venture into some major projects, among them dairy and mushroom processing, in South […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJul 15th, 2019

Philippine investment climate has ‘improved’ but ‘constraints’ remain — US report

Overall investment climate in the Philippines has “improved” in the past decade, but challenges like caps on foreign ownership, poor infrastructure, corruption and red tape continue to fray investors’ nerves, the US State Department said in a new report......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2019

FDI net inflows drop for second consecutive month in April — BSP

FOREIGN direct investment (FDI) inflows fell year-on-year on a net basis for the second straight month in April -- which nevertheless posted the biggest net inflow in nearly a year -- due to a significant cut in equity inflows that offset increases in reinvested earnings and intercompany lending, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday......»»

Category: newsSource:  bworldonlineRelated NewsJul 11th, 2019

Draft rules for Corporation Code up for comment

THE Securities and Exchange Commission (SEC) is soliciting comment on implementing rules for amendments to the Corporation Code, which was overhauled recently to allow fewer incorporators to found companies, as well as the registration of foreign corporations......»»

Category: newsSource:  bworldonlineRelated NewsJul 10th, 2019

Pro-foreign investment laws can triple FDI inflows — Pernia

Foreign direct investment (FDI) inflows into the country can increase three-fold by amending three key investment laws that would ease restrictions on capital from overseas, the National Economic and Development Authority (NEDA) said yesterday......»»

Category: financeSource:  philstarRelated NewsJul 1st, 2019