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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

PEZA, CEZA at odds over fiscal perks

With ongoing moves to overhaul fiscal perks under the second tax reform package, investment promotion agencies remain at odds over the importance of these incentives in attracting foreign investors......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

PH notches record foreign investments

Net foreign direct investments (FDI) reached an all-time high of $10.049 billion in 2017, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, up by 21.4 percent year-on-year and exceeding the full-year target of $8 billion. “Investors continue to view the country as a favorable investment destination on the back of … sound macroeconomic fundamentals and growth [...] The post PH notches record foreign investments appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 12th, 2018

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

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

BSP revises FDI projection upward to $9.2 B

The Philippines is seen booking over $9 billion worth of foreign direct investments (FDIs) this year amid the improving global perception of the country as an investment destination......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2018

Ease of doing business attracts investors to Clark

TAGUIG CITY, May 31 -- Aside from its location, infrastructure and tax incentives, the Clark Freeport Zone has become an ideal destination for foreign investors because of the ease of doing business......»»

Category: newsSource:  manilanewsRelated NewsMay 31st, 2018

PIDS cites need for broader transparency in investment negative list

THE PHILIPPINE Institute for Development Studies (PIDS) wants to broaden the level of transparency in the government’s foreign investment negative list to aid prospective foreign investors in making more informed decisions. The post PIDS cites need for broader transparency in investment negative list appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 29th, 2018

Long-term foreign investments in PH surge for second straight month

Short-term funds are flowing out due to better yields overseas, but don't tell that to long-term foreign investors who continue to plough their money into the Philippines on the back of what the central bank says is "confidence" in the local economy. In a statement, the Bangko Sentral ng Pilipinas said foreign direct investments posted a net inflow of $573 million in February 2018, representing an increase of 46.4 percent from year-ago level---the second consecutive month this year that showed strong investment inflows. This was due mainly to the 56.3-percent growth in investments in debt instruments, or intercompany borrowings between foreign direct investors and their subsidiarie...Keep on reading: Long-term foreign investments in PH surge for second straight month.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

Korean chamber says tax concerns secondary to ownership limits

THE Korean Chamber of Commerce of the Philippines, Inc. said worries about the impact of tax reform on foreign investment are a minor concern compared with the country’s restrictions on foreign ownership. Changes to the incentive system offered to foreign investors will affect only “a small portion of investment,” the chamber’s President Lee Hok-in said. […] The post Korean chamber says tax concerns secondary to ownership limits appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2018

Investment pledges soar 53% to P182.8 B in Q1

Committed investments approved in the first quarter surged by 53.2 percent as bullish local investors more than offset the shrinking pledges from their foreign counterparts and a continued slump in ecozone projects......»»

Category: financeSource:  philstarRelated NewsMay 3rd, 2018

Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018

By Janina C. Lim Reporter FOREIGN direct investments (FDIs) in Philippine manufacturing will grow by a “reasonable” 10-15% in 2018 as investors remain bullish on the economy’s prospects, though this year’s pace will be a marked slowdown from 2017’s surge, the Department of Trade and Industry (DTI) said on Wednesday. In a statement and a […] The post Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

Beijing says to sharply widen foreign investors’ access to China’s market

BEIJING — China will sharply widen market access for foreign investors this year, with a focus on lowering investment barriers for the service sector and relaxing ownership limits in certain sectors, the state planner said on Tuesday. The remarks, which echoed what a senior party official pledged in January in Davos, come as a reassurance […] The post Beijing says to sharply widen foreign investors’ access to China’s market appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 7th, 2018

Restrictions on foreign investors to ease soon

The new Foreign Investment Negative List (FINL) that, among others, will allow foreign contractors to take on local projects may be approved by President Rodrigo R. Duterte early next month, a Cabinet official said on Wednesday......»»

Category: newsSource:  interaksyonRelated NewsFeb 22nd, 2018

Restrictions on foreign investors to ease soon

By Melissa Luz T. Lopez Senior Reporter THE NEW Foreign Investment Negative List (FINL) that, among others, will allow foreign contractors to take on local projects may be approved by President Rodrigo R. Duterte early next month, a Cabinet official said on Wednesday. Socioeconomic Secretary Ernesto M. Pernia, who heads the National Economic and Development […] The post Restrictions on foreign investors to ease soon appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 21st, 2018

Indonesia’s unstable rules keeping foreign investors away

JAKARTA — The chief of Indonesia’s investment board said on Friday frequent and abrupt changes in regulations were discouraging foreign investors from putting money into Southeast Asia’s biggest economy. Earlier last week, Thomas Lembong warned that Indonesia is ”still losing out” to neighbors such as the Philippines, Vietnam and Thailand. Mr. Lembong, head of the […] The post Indonesia’s unstable rules keeping foreign investors away appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 4th, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

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