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Foreign investors remain confident on PH as investment destination   

    The Philippines (PH) under the Duterte Administration continues to enjoy the confidence of foreign direct investors with the Department of Trade and Industry (DTI), through the Board of Investments (BOI), welcoming the investment intentions of Chinese firms Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation.   The investments, focusing […].....»»

Category: newsSource: boholnewsdaily boholnewsdailyNov 2nd, 2017

Foreign investors remain confident on PH as investment destination   

    The Philippines (PH) under the Duterte Administration continues to enjoy the confidence of foreign direct investors with the Department of Trade and Industry (DTI), through the Board of Investments (BOI), welcoming the investment intentions of Chinese firms Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation.   The investments, focusing […].....»»

Category: newsSource:  boholnewsdailyRelated NewsNov 2nd, 2017

NEDA says Drilon s FDI figure not complete

MANILA, Philippines — The National Economic and Development Authority on Tuesday moved to assure the public that foreign investors remain confident on the Ph.....»»

Category: newsSource:  philstarRelated NewsOct 10th, 2017

Debt raters find PHL still attractive

THE PHILIPPINES remains a viable destination for foreign investors as fiscal and economic policies remain intact despite political risks, international credit raters said, noting that an unblemished growth story should sustain optimism......»»

Category: newsSource:  bworldonlineRelated NewsNov 30th, 2016

Front Page: Debt raters find PHL still attractive

THE PHILIPPINES remains a viable destination for foreign investors as fiscal and economic policies remain intact despite political risks, international credit raters said, noting that an unblemished growth story should sustain optimism......»»

Category: financeSource:  bworldonlineRelated NewsNov 30th, 2016

Rappler PDR investor hits Tiglao, questions SEC ruling

MANILA, Philippines – One of Rappler's foreign investors criticized former journalist Rigoberto Tiglao for saying that their company's investment in this social news network violates Philippine laws.  Marcus Brauchli of North Base Media (NBM) also questioned the ruling of the Philippine Securities and Exchange Commission (SEC) ........»»

Category: newsSource:  rapplerRelated NewsJan 17th, 2018

‘Drug tag’ draws curious investors to Iloilo City

INSTEAD of being a major turnoff, the tagging of Iloilo in the illegal drug trade has actually attracted curious investors to the area. Ritchell Gavan, head of the Iloilo City Local Economic and Investment Promotions Office (LEIPO), said curiosity led foreign investors to come to the city. “Foreign investors would email us and ask, ‘Is […] The post ‘Drug tag’ draws curious investors to Iloilo City appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 7th, 2018

PHL net liability position expands in third quarter

By Melissa Luz T. Lopez, Senior Reporter HIGHER INVESTMENT inflows drove the country’s net external liability position to widen further during the third quarter of 2017, the central bank said, amid sustained optimism among foreign investors on domestic economic prospects. The country’s international investment position (IIP) widened to a net liability of $35.207 billion as […] The post PHL net liability position expands in third quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 1st, 2018

Letters From Davao by Jun Ledesma

‘It was a good year’ We have seen the litany of achievements of Duterte administration. It dwarfed the entire six years of the Aquino regime. It could have done better except that it has to first fix a lot of damages wrought by an inept regime that has likewise institutionalized corruption and abetted crime the most horrific of it all – the drug syndicates.  Space or brevity must have limited some significant achievements of the  Department of Finance and am referring to the upgrades of credit ratings of the Philippines from investment grade to investment grade and stable. While early on Standard & Poor’s claimed that President Duterte’s war on drugs and alleged extra-judicial killings are factors that account for the static rating by December 2017 it grudgingly acceded that something good is happening in the Philippines under Duterte’s watch.  Finance Sec. Sonny Dominguez and his team deserves the credit. Fitch and Moody’s in their “investment grade and stable” rating in December enunciated that the issues surrounding drugs and EJK have nothing to do with the rosy economy of the country and its image as capital investment destination. The country’s economic performance for one is top in Asia and there is no turning back with the expected massive spending on infrastructures and government services starting 2018 and beyond.  The Duterte government achievements scoreboard makes the moribund opposition drooling. Still on Finance, expect the billionaires who are also the country’s tax dodgers to cough up. TRAIN or the Tax Reform for Acceleration and Inclusion gives a huge relief to 99 percent of those small taxpayers saving the ar least P50,000.00 in tax cut!  But demands and exacts the reasonable taxes from the rich especially the filthy rich. Last year sampling of Lucio Tan (P6-billion), Mighty Cigarettes (P40-billion) and the Prieto and Rufinos’ one-mile asset that they are accountable to the government in still unquantifiable amount as yet? There is a subliminal message to be absorbed why candidate Rodrigo R. Duterte refused to accept donations from the rich and famous: just pay your taxes correctly and you’re okay.  The Bureau of Internal Revenue and the Bureau of Customs are churning more collections under a continuing reforms.  President Duterte himself did dramatic and radical transformations in the area of Foreign Affairs and security. He was chided and lectured on by self proclaimed experts in diplomacy and security alliances especially with the generous expletives he is famous for. But as he admitted to the point of being apologetic, he told media men in this year’s Christmas party, “but that is me”.  Duterte’s foray into foreign affairs and diplomacy might be severely lacking in refinements but he put across his message clearly and direct and one cannot quarrel with what he achieved in such a brief moment. He virtually altered the outlook of the western countries on small sovereign nations. He overhauled alliances by an unwritten rule of mutual respect and cognizance of sovereignty. While Aquino made enemies with China which is the world’s second largest economy resulting in unquantifiable losses of opportunities Duterte reversed that with the resumption of trade, financial assistance with cheap money interest, massive infrastructure projects that will come into fruition by 2018. World leaders to include Xi Jinping of China, Vladimir Putin of Russia, PM Shinzo Abe of Japan and, to the dismay of the so-called Yellowtards, US Pres. Donald Trump who became his virtual phone pal.  The Department of Agriculture under Sec. Manny Pinol, did exemplary well. Productivity is better than expected and could have performed better if not for the natural calamities that the country has to contend with. Maybe the Bureau of Fisheries under it may try something out of the box. Propose to China to convert that disputed island into a one big marine laboratory. China provides the infrastructures while the Philippines the technical aquatic expertise. Make a 10-mile no-fishing marine haven around the island and guarded by the joint coastguard forces of China, Philippines and Vietnam. The Philippine Coconut Authority under Cabinet Sec. Jun Evasco is about to embark on a massive replanting program.  The Aquino government allocated billions of pesos to fight ‘cocolisap’ infestation but applied the wrong solution. Well, what do we expect from a certain Kiko Pangilinan? The replanting program was a big failure on account of  massive graft in high and low places. Replanting as well as new areas had been programmed by PCA.  Finally we have to give accolade to our Armed Forces of the Philippines and the Philippine National Police for combating internal threats, terrorism and syndicated crime. The AFP and PNP are more prepared and better equipped now than any other time in history. Furthermore we see a disciplined forces in the AFP and while there are a few remaining scalawags in the PNP the cleansing process is done without let-up. We from Mindanao are comfortable and secured with their presence even under the aegis of martial law. If you do not believe me look at the various surveys on the popularity and trust of Filipinos on President Duterte and his government.  This will end my perspectives for year 2017 and we look forward to 2018 the Build, Build, Build era. The beginning of the new Philippines. Mindanao and Davao City, from where I live and write, may have suffered from natural calamities but we had seen, suffered and endured worse scenarios and even man made tragedies than […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsDec 29th, 2017

Universities could be opened up to foreign investment

THE GOVERNMENT will explore more sectors to be liberalized for foreign investors, including universities, the National Economic and Development Authority (NEDA) said. Socioeconomic Planning Secretary Ernesto M. Pernia said that the next NEDA Board meeting will discuss the 11th Regular Foreign Investment Negative List (FINL). “The Economic Development Cluster has already approved NEDA’s recommendations on […] The post Universities could be opened up to foreign investment appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017

PH still a sweet spot for investors

The Philippines remains a sweet spot for investors, government officials and company executives said during the Euromoney Philippine Investment Forum Monday. Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said the country is still an attractive investment destination since the economic outlook remains strong with capital markets being deepened….....»»

Category: newsSource:  journalRelated NewsNov 28th, 2017

Moody’s gives UnionBank dollar notes Baa2 rating

MOODY’S Investors Service has assigned an investment-grade rating to UnionBank of the Philippines’ (UnionBank) planned US dollar note issuance following the debt watcher’s announcement of the same rating for the lender’s long-term local and foreign currency deposits last week. In a statement on Tuesday, the credit rater said that it has assigned a Baa2 rating to… link: Moody’s gives UnionBank dollar notes Baa2 rating.....»»

Category: newsSource:  manilainformerRelated NewsNov 22nd, 2017

Moody’s gives UnionBank dollar notes Baa2 rating

MOODY’S Investors Service has assigned an investment-grade rating to UnionBank of the Philippines’ (UnionBank) planned US dollar note issuance following the debt watcher’s announcement of the same rating for the lender’s long-term local and foreign currency deposits last week. In a statement on Tuesday, the credit rater said that it has assigned a Baa2 rating to […] The post Moody’s gives UnionBank dollar notes Baa2 rating appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 21st, 2017

Moody’s Investors Service assigns investment-grade rating to UnionBank

MOODY’S Investors Service has assigned an investment-grade rating to Aboitiz-led UnionBank of the Philippines (UnionBank) with a “stable” outlook in line with the country’s own score, on the back of the lender’s profitability and strong core businesses. The credit rater said in a statement yesterday that it gave UnionBank long-term local and foreign currency deposit […] The post Moody’s Investors Service assigns investment-grade rating to UnionBank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2017

Davao expects more Japanese investments

DAVAO CITY (MindaNews/03 November) – The city is looking forward to the entry of more Japanese investors after a roadshow in Japan last month that promoted the place as another investment and tourism destination, Davao City Investment and Promotions Center (DCIPIC) Lemuel Ortonio said in an interview Friday. The Davao City Investment and Tourism Roadshow took place in the […].....»»

Category: newsSource:  mindanewsRelated NewsNov 3rd, 2017

Palace confident foreign direct investment figures will improve

MANILA, Philippines — Malacañang on Tuesday said it remains upbeat that foreign direct investments in the country will improve after a significant drop in th.....»»

Category: newsSource:  philstarRelated NewsOct 10th, 2017

Investment pledges jump 38% as of Aug

MANILA, Philippines —  Projects approved by the Board of Investments (BOI) jumped 38 percent in eight months ending August this year as investors remain enti.....»»

Category: financeSource:  philstarRelated NewsSep 14th, 2017

Stock Market: Bargain hunt extends equities' slight gains

LOCAL SHARES extended slight gains for a second trading day on bargain hunting on Monday, which also saw foreign investors remain net buyers for a third straight day......»»

Category: financeSource:  bworldonlineRelated NewsJul 3rd, 2017

DENR assures foreign investors on environmental initiatives

MANILA, Philippines - The government has maintained that the Philippines remains to be a sound and stable investment ground for environment and mining initia.....»»

Category: financeSource:  philstarRelated NewsJun 19th, 2017

Economy: Dominguez tells HK investors martial law won't hinder infra

FINANCE Secretary Carlos G. Dominguez III said potential foreign investors can count on infrastructure investment to continue in the countryside despite the unrest in Mindanao......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 2017

Opinion: M. A. P. Insights -- Niceto S. Poblador: "A cluster strategy in special economic zones"

Spread all over the country are a large number -- 461 as of last count -- of specifically designated areas known as special economic zones (SEZs). These are part of the government's strategy of attracting foreign investment into the country by offering wide-ranging benefits, perks and privileges to prospective investors. These include exemption from income taxes and business fees, tariff-free importation of capital equipment and supplies, and special assistance in setting up and running the newly established business ventures......»»

Category: financeSource:  bworldonlineRelated NewsMay 22nd, 2017