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

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


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

Risks could keep Philippine growth from hitting official target

THE PHILIPPINES “continues to enjoy favorable macroeconomic prospects”, but risks ranging from weak state capacity to ramp up implementation of infrastructure projects to prospects for overheating could keep overall economic growth from hitting the government’s 7-8% annual target for much of President Rodrigo R. Duterte’s term, regional think tank ASEAN+3 Macroeconomic Research Office (AMRO) said […] The post Risks could keep Philippine growth from hitting official target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 17th, 2018

BSP, SEC caution public on cryptocurrencies

While keeping an open mind to the growing popularity and usefulness of cryptocurrencies, Philippine financial regulators are watching out for risks that these digital tokens pose to the financial system and to investors who get sucked into the hype. Cryptocurrencies or digital tokens are not likely to replace fiat money anytime soon, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said in forum on cryptocurrencies organized by the Shareholders Association of the Philippines on Monday. The BSP recognizes the huge potential of digital technology, including cryptocurrencies, which is an emerging medium of exchange globally. However, Espenilla urged the public to take c...Keep on reading: BSP, SEC caution public on cryptocurrencies.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

PSEi down as foreign selling continues

  The local stock barometer slipped yesterday as investors lacked fresh incentives to load up on large-cap stocks at a time when foreign investors were still on the selling mode. The main-share Philippine Stock Exchange index (PSEi) shed 9.34 points or 0.11 percent to close at 8,372.51 as investors focused on trading companies outside the PSEi. Elsewhere in the region, stock markets mostly firmed up on hopes for improved US-North Korean relations. Based on wire reports, US President Donald Trump was ready to meet North Korean leader Kim Jong-un for the first US-North Korea Summit, welcomed by many as a breakthrough in the geopolitical arena. For the week, the PSEi sh...Keep on reading: PSEi down as foreign selling continues.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

Solaire Philippine Open lures stellar international cast

MANILA, Philippines – Three former champions, 30 mainstays of One Asia Tour and 45 others from PGT Asia and invited players make up the bulk of the foreign c.....»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2018

PSEi slips below 8,500

The local stock barometer ended the week on a sluggish mood ahead of the upcoming EDSA Revolution anniversary, slipping below the 8,500 mark on Friday despite the upswing seen across regional markets. The Philippine Stock Exchange index (PSEi) fell by 48.01 points or 0.56 percent to close at 8,467.56, weighed down by foreign investors' heavy selling amid jitters over the upcoming 32-year anniversary of the EDSA Revolution. Investors are pricing in risks that something may happen on Feb. 25, a stock dealer said. For the week - the first under the new Lunar Year of the Dog - the PSEi lost a total of 144.88 points or 1.68 percent. Except for the mining/oil counter which gained 1...Keep on reading: PSEi slips below 8,500.....»»

Category: newsSource:  inquirerRelated NewsFeb 23rd, 2018

Philippine gov t unable to manage risks of Benham Rise research, says expert

MANILA, Philippines — President Rodrigo Duterte's directive to halt all foreign explorations in Benham Rise indicate that the government is unable and unwill.....»»

Category: newsSource:  philstarRelated NewsFeb 6th, 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

Business chamber seeks backing for mining regulation bill

The oldest business chamber in the country wants lawmakers to back a proposal that would regulate the mining industry, narrowing the flow of exported raw mining minerals in order to encourage companies to process the raw materials here instead. Jose Luis Yulo Jr, the president of the Chamber of Commerce of the Philippine Islands (CCPI), told reporters on Wednesday that the chamber is looking for a lawmaker that would sponsor a bill to amend the Philippine Mining Act of 1995 sometime during the first half of the year. Influential business groups both local and foreign have voiced their opposition against an outright ban of unprocessed mineral exports, warning that there might be eco...Keep on reading: Business chamber seeks backing for mining regulation bill.....»»

Category: newsSource:  inquirerRelated NewsFeb 1st, 2018

BMI flags rising risks in Philippine infrastructure

THE Philippines’ infrastructure sector faces rising risks from implementation hurdles and political concerns, BMI Research said in a Jan. 24 note. The Fitch Group unit said the country fell three places to 11th out of 21 economies in Asia and the Pacific, and fell 12 places to rank 32nd out of 105 globally in its […] The post BMI flags rising risks in Philippine infrastructure appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 25th, 2018

60th year of PH-Israel ties marked in Holy Land

The 60th anniversary of the Philippine-Israel diplomatic ties was celebrated on Nov. 12, 2014 with an outdoor program held at Rishon Lezion, Tel Aviv, Israel, where the Open Doors Monument stands as a symbol of the special relationships between the two countries. Hosted by the city government of Rishon Lezion led by its Mayor Dov Sur, the auspicious event was organized by Ephesus Travel and Tours represented by its president and general manager Rosemarie S. Galang and the Christian Friends of Magen David Adom --Philippines led by chair Josephine Brobio. Giving full support was the City's Foreign Relations Department headed by director Annette Ben-Shabar. The Philippine Ambassado...Keep on reading: 60th year of PH-Israel ties marked in Holy Land.....»»

Category: newsSource:  inquirerRelated NewsJan 21st, 2018

PSEi seen to hit 9,300 but market correction looms

By Arra B. Francia, Reporter INVESTORS should wait for a market correction in the coming months if they are to buy more aggressively, as looming interest rate may weigh on the Philippine Stock Exchange index (PSEi). This is according to stock brokerage COL Financial Group, Inc., noting risks such as higher-than-expected inflation due to the […] The post PSEi seen to hit 9,300 but market correction looms appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 21st, 2018

Marvel urges Filipino creatives to apply for jobs, send portfolios

  In an effort to look for local talents and reach out to its ever-growing Philippine fan base, Marvel staged the second Marvel Creative Day Out at the De La Salle College of St. Benilde, School of Design and Arts last Jan. 10. Marvel Comic's new editor-in-chief CB Cebulski and The Walt Disney Company's vice president for creatives in Greater China Allen Au-Yeung attended the event. The two executives shared insights about their companies and the industry, while extending a hand to budding creative minds in the audience. Cebulski personally gave away his company email and urged anyone with a portfolio to send it to "I have an open inbox," said ...Keep on reading: Marvel urges Filipino creatives to apply for jobs, send portfolios.....»»

Category: newsSource:  inquirerRelated NewsJan 11th, 2018

Delayed infra projects seen despite Train – BMI

Despite being touted as a main beneficiary of revenues under the Tax Reform for Acceleration and Inclusion (Train) Act, the Philippine infrastructure sector may see project delays due to unresolved political risks and bureaucratic issues, think tank BMI Research said. Formally known as Republic Act 10963, Train lowered personal income taxes and raised excise taxes [...] The post Delayed infra projects seen despite Train – BMI appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 10th, 2018

Yuka, Bianca lead chase in PH Ladies Open

In-form Yuka Saso shoots for a second straight major championship while Bianca Pagdanganan seeks a repeat of her record feat as they lead the chase in the 2018 Champion Infinity Philippine Ladies Open beginning today at the Orchard Golf and Country Club in Dasmariñas, Cavite. With a mix of talented foreign and other local players [...] The post Yuka, Bianca lead chase in PH Ladies Open appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 9th, 2018

Thais boost Philippine Ladies Open cast

MANILA, Philippines — Three top players from Thailand gear up for a three-day shootout with the cream of the country’s crop and a slew of other foreign aces.....»»

Category: sportsSource:  philstarRelated NewsJan 8th, 2018

Thais boost PH Ladies Open cast

Three scratch players from Thailand gear up for a three-day shootout with the cream of the country’s crop and a slew of other foreign aces in the 2018 Champion Infinity Philippine Ladies Open 2018 which reels off on Wednesday at the Orchard Golf and Country Club’s Palmer Course in Dasmariñas, Cavite. Onkanok Soisuwan, Kultida Pramphun [...] The post Thais boost PH Ladies Open cast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 8th, 2018