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Philippine infrastructure open to foreign companies though risks weigh -- BMI

FOREIGN FIRMS looking for good infrastructure deals will find the Philippines attractive, Fitch Group's BMI Research said in a note, even as it flagged operating and political risks as key dampers......»»

Category: newsSource: bworldonline bworldonlineAug 1st, 2017

Foreign debt slips to $72.2 billion in June

Prudent debt management and deleveraging from foreign borrowings by Philippine companies to minimize foreign exchange risks helped trim the country’s external debt in the first half, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsSep 14th, 2018

Business groups urge lawmakers to weigh costs of shifting to federalism

Local business groups are worried about the consequences of shifting to a federal form of government, echoing the woes earlier raised by some of the country's economic managers. Seven business groups, including the country's largest business group the Philippine Chamber of Commerce and Industry (PCCI), are urging lawmakers to weigh carefully the costs, risks and uncertainty of the shift. In a statement on Sunday afternoon, the local business chambers called for "full, open, and dispassionate dialogues" about federalism, a move that would have far reaching effects in the country and its future. The call for dispassionate talks came after a member of the consultative committee urg...Keep on reading: Business groups urge lawmakers to weigh costs of shifting to federalism.....»»

Category: newsSource:  inquirerRelated NewsAug 12th, 2018

PH infra risk/reward score declining – BMI

Risks continue to weigh on the Philippine infrastructure, a Fitch Group unit said, with the country’s risk/reward rankings having deteriorated from last year. “Although the Philippines continues to be one of the most opportune infrastructure markets in Asia, the market’s RRI (Risk/Reward Index) score has gradually deteriorated due to persistent challenges in meeting project implementation [...] The post PH infra risk/reward score declining – BMI appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 26th, 2018

PH eyeing other foreign telco players – Pernia

The country will open up its telecommunications sector not only to Chinese companies but also to other foreign investors, Socioeconomic Planning Secretary Ernesto Pernia said Saturday. “The best offer would be picked from other offers as well,” Pernia told reporters at the sidelines of the 2017 Philippine Association for Chinese Studies Conference in Pasig City, [...] The post PH eyeing other foreign telco players – Pernia appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 2nd, 2017

LIBERALIZATION OF TELECOMS TO BRING HIGHER CHARGES

The Duterte administration’s call for “immediate steps to ease foreign investment limits” in the country “will only open up the Philippine economy to further foreign strangle and unjust control, particularly the basic and strategic industries, like telecommunications, infrastructure, health and media.".....»»

Category: newsSource:  kagay_anRelated NewsNov 27th, 2017

Construction market’s lure limited by risks

DESPITE favorable rules, the Philippine construction market’s attractiveness is being limited by operational and political risks, think tank BMI Research said on Tuesday. “The Philippines’ construction industry has among the most favorable regulatory frameworks for private and foreign investments in Asia, including robust PPP laws, and ambitious infrastructure initiatives,” the BMI said in a report. [...].....»»

Category: newsSource:  manilatimes_netRelated NewsAug 2nd, 2017

Gatchalian mulls probe on employability of K-12 graduates

    Senator Sherwin Gatchalian is eyeing the possibility of conducting a Senate inquiry on the employability of K-12 graduates, as he also called for the Department of Education (DepEd) to expedite its review of the curriculum.   Gatchalian on Tuesday noted an April Jobstreet Philippines survey which found that only 24 percent of local employers are willing to hire K-12 graduates.   Another survey conducted by the Philippine Business for Education has revealed that three out of five companies are open to hiring K-12 graduates, while only one out of five are ready to do so.   "We need to hear straight from the top Philippine employers kung ...Keep on reading: Gatchalian mulls probe on employability of K-12 graduates.....»»

Category: newsSource:  inquirerRelated NewsNov 13th, 2018

Local, foreign locators keen on PNOC property

STATE-LED Philippine National Oil Co. (PNOC) has received interest from local and foreign companies to locate in two of its properties in Batangas, with four entities already in the application process of reserving lots in the industrial parks, company officials said......»»

Category: newsSource:  bworldonlineRelated NewsNov 11th, 2018

PHL firms face least risks from stronger dollar

PHILIPPINE corporates have the least to worry about at a time of stronger dollar, S&P Global Ratings said as it pointed out that local firms have the lowest foreign debt compared to Southeast Asian peers......»»

Category: financeSource:  bworldonlineRelated NewsNov 5th, 2018

Navigating a new chapter in the US-Philippines’ ‘Long Friendship’

In the Philippines, nearly a year after President Trump first sketched his Free and Open Indo-Pacific policy at the 2017 APEC CEO Summit, uncertainty about how the United States will operationalize its vision lingers. Beijing’s vaunted infusion of capital, and influence across all dimensions of Philippine society, including through its multi-billion dollar investments into key Build, Build, Build infrastructure projects, has amplified this uncertainty. Indeed, the common refrain in Manila is that while the United States remains a good friend, China will always be the Philippines’ watchful, at times menacing, northern neighbor......»»

Category: financeSource:  bworldonlineRelated NewsOct 30th, 2018

China vows help for Mindanao infra, power projects

DAVAO CITY (MindaNews/ 30 Oct) – The Chinese government has signified interest to provide technology, financing and other resources for Mindanao’s effort to develop its power generation capability, infrastructure, connectivity and rebuild Marawi City, Chinese State Councilor and Foreign Minister Wang Yi said. Wang made the statement during a joint press conference with Philippine Foreign Affairs Secretary […].....»»

Category: newsSource:  mindanewsRelated NewsOct 30th, 2018

Fiery start seen as CAT Open reels off

Local bets have the edge but the foreign aces, including seven Australians out to keep their good run of form in the second season of the Philippine Golf Tour Asia, set out to foil the hosts’ bid in the CAT (Central Azucarera de Tarlac) Open beginning today at the Luisita Golf and Country Club......»»

Category: sportsSource:  philstarRelated NewsOct 23rd, 2018

PHL economy seen resilient amid global volatility

THE Philippine economy should remain resilient despite current volatilities bogging down global markets, although experts noted that a faster infrastructure rollout plus a kinder regime for foreign investments would add to the country’s luster......»»

Category: newsSource:  bworldonlineRelated NewsOct 19th, 2018

House moves to relax foreign business hurdles

A BILL seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday. House Bill No. 4067, authored by Deputy Speaker Arthur C. Yap of the 3rd district of Bohol,… link: House moves to relax foreign business hurdles.....»»

Category: newsSource:  manilainformerRelated NewsOct 10th, 2018

House moves to relax foreign business hurdles

A BILL seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday. The post House moves to relax foreign business hurdles appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 9th, 2018

Reversed effects

In our Kapihan sa Manila Bay last Wednesday, we invited leaders of local and foreign companies representing Philippine industries which are subject of the proposed corporate tax reform bill......»»

Category: newsSource:  philstarRelated NewsOct 5th, 2018

PCC study urges action on poor air transport infrastructure

The government should address lack of infrastructure, review allocation of airport slots and amend the Public Service Act to lift restrictions in foreign investments in the air transport industry to promote competition, according to a study commissioned by the Philippine Competition Commission......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2018

Six foreign entities keen on joining LNG project, says PNOC

SIX FOREIGN companies have so far “expressed interest” in partnering with Philippine National Oil Co. (PNOC) in the state-led firm’s plan to put up a liquefied natural gas (LNG) facility under a yet to be issued terms via a solicited scheme, its top official said. The post Six foreign entities keen on joining LNG project, says PNOC appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 18th, 2018

DTI seeking authorization to buy rice from foreign gov’ts

THE Department of Trade and Industry (DTI) is seeking to import an additional 150,000 metric tons of rice under a government-to-government scheme, saying that the process will take less time than an open tender. In a statement Friday, the DTI said one of its agencies, the Philippine International Trading Corp. (PITC), has proposed to ship… link: DTI seeking authorization to buy rice from foreign gov’ts.....»»

Category: newsSource:  manilainformerRelated NewsSep 15th, 2018

Local stocks continue to weaken

The local stock barometer slid on Tuesday as investors awaited a "surprise" national address scheduled by President Duterte.   The main-share Philippine Stock Exchange index (PSEi) shed 78.14 points or 1.03 percent to close at 7,518.01 as foreign funds continued to exit the market. In intraday trade, the index fell to as low as 7,492.40.   "Some investors are going on bargain-hunting as there will always be markets and companies that will do better than others amid the ongoing US-China trade war and rising inflation environment," BDO Unibank chief strategist Jonathan Ravelas said.   Ravelas said the local market could bounce from the 7,500 support level, ...Keep on reading: Local stocks continue to weaken.....»»

Category: newsSource:  inquirerRelated NewsSep 12th, 2018