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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

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

Ayala Corp. CEO senses ‘growing impatience’ with PHL gridlocks

PHILIPPINE companies can fund President Rodrigo Duterte’s $170-billion infrastructure push while China’s pledges are taking time, Ayala Corp. executive Jose Rene Almendras said. The post Ayala Corp. CEO senses ‘growing impatience’ with PHL gridlocks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 7th, 2018

LIVE: U.S. Senate hearing with Facebook, Twitter on foreign influence in social media

Watch the livestream of the US Senate's open hearing with tech executives Jack Dorsey, CEO of Twitter, and Sheryl Sandberg, chief operating officer of Facebook, here, Wednesday, September 5, 9:30 pm, Philippine time.  The hearing, titled "Foreign Influence Operations’ Use of Social Media Platforms," will focus on Russian interference in ........»»

Category: newsSource:  rapplerRelated NewsSep 5th, 2018

Peso infra financing plan welcomed

Finance Secretary Carlos Dominguez III welcomes a proposal by the Asian Infrastructure Investment Bank (AIIB) to use local currency financing to help fund the Duterte administration’s infrastructure program, noting that this will reduce foreign currency risks. “If you take the view that dollar will strengthen against all other currency it….....»»

Category: newsSource:  journalRelated NewsAug 31st, 2018

Several foreign firms waiting in the wings to partner with 3rd telco player

Several foreign companies are just waiting in the wings to team up with whoever wins the coveted third telco slot in the country, said the head of publicly-listed Philippine Telegraph & Telephone Corp. (PT&T), a company urging to be the next major telco player......»»

Category: financeSource:  philstarRelated NewsAug 26th, 2018

Ongpin mulls sale of 20% stake in Alphaland to foreigners

Businessman Roberto V. Ongpin is in talks for the potential sale of around 20 percent of his stake in property development arm Alphaland Corp. to foreign investors.   "Alphaland is presently evaluating a number of foreign investors [principally from Thailand and China] interested in investing in Alphaland. At the moment, however, no investment agreement has been signed," the company said in a press statement on Friday.   Under the Philippine Constitution, foreigners can own up to 40 percent of companies involved in real estate.   Asked how large he was willing to sell to a foreign investor, Ongpin said, "around 20 percent."   Alphaland's fi...Keep on reading: Ongpin mulls sale of 20% stake in Alphaland to foreigners.....»»

Category: newsSource:  inquirerRelated NewsAug 24th, 2018

China s Huawei, ZTE blocked from Australia s 5G network

SYDNEY, Australia – Chinese telecom giants Huawei and ZTE have effectively been banned from rolling out Australia's 5G network, after Canberra said Thursday, August 23, there were security risks with companies beholden to foreign governments. Huawei – one of the world's largest telecommunications equipment and services providers – ........»»

Category: newsSource:  rapplerRelated NewsAug 23rd, 2018

Business groups: Weigh costs, risks of federalism - Philippine Star

Business groups: Weigh costs, risks of federalism - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsAug 12th, 2018

Cayetano open to debate on West Philippine Sea

While urging former President Benigno Aquino III to join public discussions on the West Philippine Sea dispute, Foreign Affairs Secretary Alan Peter Cayetano said that he is also open to discussions on the issue......»»

Category: newsSource:  philstarRelated NewsAug 7th, 2018

COL Financial lowers end-2018 projection for PSE index

COL Financial Group, Inc expects the Philippine Stock Exchange index (PSEi) to end at the 8,600 level by the end of the year, revising downward its earlier projection following higher than expected inflation figures and the continued outflow of foreign funds from the local market. The local brokerage firm counted a number of risks that… link: COL Financial lowers end-2018 projection for PSE index.....»»

Category: newsSource:  manilainformerRelated NewsAug 6th, 2018

Threshold for foreign investors to be lowered in China

BEIJING -- China plans to lower the threshold for foreign investors to make strategic investment in listed companies in the nation, which is the latest in a series of measures to further open the m.....»»

Category: newsSource:  philippinetimesRelated NewsAug 3rd, 2018

DTI seeks competition review of charges by foreign shippers

THE Department of Trade and Industry said it asked the Philippine Competition Commission (PCC) to look into “excessive” charges imposed by foreign shipping companies. The post DTI seeks competition review of charges by foreign shippers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJul 26th, 2018