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Russia firm eyes investment in Philippines

MANILA, Philippines — A Russian company is planning to put up the first pipeline coating facility in the Philippines, making the country its production hub f.....»»

Category: financeSource: philstar philstarDec 23rd, 2017

Russia firm eyes building pipeline plant in Bataan

A Russian company expressed interest to the Board of Investments (BOI) to construct a pipeline coating facility in the Philippines, the Department of Trade and Industry (DTI) said on Friday, in another indiction of the country’s increasing attractiveness to foreign investors. According to Trade Secretary Ramon Lopez, Igor Shaporin, BT SVAP LLC’s chairman of the [...] The post Russia firm eyes building pipeline plant in Bataan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

Local firm eyes $250-M Leyte steel mill project

MANILA, Philippines – A company formerly engaged in mining in Leyte is proposing to develop a steel mill plant in the province with an investment of $250 mil.....»»

Category: financeSource:  philstarRelated NewsNov 30th, 2016

Trillanes eyes Senate probe into Cambridge Analytica s role in 2016 polls

MANILA, Philippines – Opposition Senator Antonio Trillanes IV is set to file a resolution calling for a Senate probe into the role of British political consulting firm Cambridge Analytica in the 2016 presidential elections. Trillanes said he wants the Senate to investigate reports that the 2016 polls was compromised “through ........»»

Category: newsSource:  rapplerRelated NewsApr 10th, 2018

MPIC acquires 49% of Vietnam water firm

MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has acquired a 49 percent stake in Tuan Loc Water Resources Investment Joint Stock Co......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2018

Department of Tourism eyes more tourism investments in Philippines

MANILA, Philippines — To improve the country’s investment readiness and attractiveness, the Department of Tourism (DOT) has signed a memorandum of understand.....»»

Category: newsSource:  philstarRelated NewsMar 25th, 2018

Economists upbeat about FDI prospects for 2018

MANILA, Philippines – Just a decade ago, no one would have ranked the Philippines as one of the brightest prospects for investment in Southeast Asia. Yet last week, American media firm US News and World Report went one step further by ranking the country as not just the best country to plow ........»»

Category: newsSource:  rapplerRelated NewsMar 9th, 2018

Department of Justice orders probe of lending firm

MANILA, Philippines — Justice Secretary Vitaliano Aguirre II has ordered the National Bureau of Investigation (NBI) to probe the alleged investment scam by W.....»»

Category: newsSource:  philstarRelated NewsMar 8th, 2018

PH tops global survey as ‘Best Country to Invest In’

The Philippines topped a group of 80 countries as the best investment destination according to a global research firm, noting that its young population will attract more firms looking for a good labor force......»»

Category: newsSource:  interaksyonRelated NewsMar 5th, 2018

Philippines ‘best country to invest in’ — report

The Philippines was named the top investment destination by a global research firm, noting that its young population will attract more firms looking for a good labor force. The US News & World Report named the Philippines as the “Best Country to Invest In” for its 2018 Best Countries report. “In contrast to declining inflows […] The post Philippines ‘best country to invest in’ — report appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Leave Rappler unhindered, lawyer says after Omidyar donation

MANILA, Philippines (UPDATED) – Rappler lawyer Francis Lim urged government to leave the social news network "unhindered" now that philanthropic investment firm Omidyar Network donated its Philippine Depositary Receipts (PDRs) to Rappler managers.  "While not legally necessary, the donation puts beyond doubt that Rappler is owned ........»»

Category: newsSource:  rapplerRelated NewsFeb 28th, 2018

Omidyar Network donates PDRs to Rappler managers

MANILA, Philippines – Saying Rappler should operate unhindered, philanthropic investment firm Omidyar Network on Wednesday, February 28, announced it has donated its Philippine Depositary Receipts (PDRs) to 14 Filipino managers of the social news network. Omidyar did this "to address the unwarranted ruling" made by the Philippine ........»»

Category: newsSource:  rapplerRelated NewsFeb 28th, 2018

Dennis Uy s Udenna to challenge PCC decision or file notification

MANILA, Philippines – Udenna Corporation, holding firm of tycoon Dennis Uy, is studying whether it will challenge the Philippine Competition Commission (PCC) decision to void its purchase of 2GO indirect shareholder KGL Investment BV (KGLI) or not. "Udenna is of the view that it has sufficient basis to challenge the PCC decision ........»»

Category: newsSource:  rapplerRelated NewsFeb 19th, 2018

China fintech conglomerate eyes Phl prospects

Freeman FinTech Corp. Ltd. (Freeman FinTech), the Hong Kong listed Chinese financial conglomerate, is exploring various investment opportunities in the Philippines as part of China’s “One Belt and One Road” strategy for outward expansion......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2018

Bangkok-based firm plans initial coin offering in the Philippines

MANILA, Philippines – Bangkok-headquartered Global Crypto Hub plans to launch an initial coin offering (ICO) in the Philippines, as it earmarks $1 million worth of investments in the country. Global Crypto Hub co-founder Jagdish Pandya told reporters that his company made an initial investment of $50,000 to develop its first office ........»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2018

Coast Guard eyes P1B worth of Russian arms, trucks

The Philippine Coast Guard (PCG) is planning to purchase P1-billion worth of military trucks, machine guns and other armaments from Russia. PCG commandant Rear Adm. Elson Hermogino announced the agency's plan on Friday following the courtesy call last Monday of Russian Ambassador to the Philippines Igor Khovaev at the PCG.   Hermogino said he discussed with Khovaev the procurement of armaments for the PCG.   "It has been arranged in the previous administration. It's about the procurement of some armaments for our people and our ships," said Hermogino, adding that the purchase needs the approval of the Department of Foreign Affairs (DFA).   "Once the DFA a...Keep on reading: Coast Guard eyes P1B worth of Russian arms, trucks.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2018

Duterte eyes India arms, gets $1.2B in investment pledges

  NEW DELHI---Top Indian conglomerates pledged about $1.25 billion worth of investments even as the Philippines considered acquiring weapons and warships from India.   The conglomerates made the pledge on the sidelines of President Duterte's attendance at a regional summit with Indian and Association of Southeast Asian Nations (Asean) leaders.   Upon arriving here on Wednesday for the India-Asean Commemorative Summit, the Philippine leader sat down with Indian Prime Minister Narendra Modi for an hour to discuss economic and political ties between their countries as well as the possibility of a military cooperation.   Military hardware  ...Keep on reading: Duterte eyes India arms, gets $1.2B in investment pledges.....»»

Category: newsSource:  inquirerRelated NewsJan 26th, 2018

BCDA hires Singapore firm to help with Clark design

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) and the Japan Overseas Infrastructure Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2018

HEADS UP: 10 sporting events to watch out for in 2018

2017 has come and gone, and it delivered some exciting sporting moments that has every sports fan clamoring for more. Worry not, though, as 2018 looks primed to satisfy even the most die-hard Pinoy sports aficionado with its bevy of local and international sporting events. Let's welcome the upcoming year with 10 of the most exciting sporting events to watch out for this 2018.   NCAA 93 & UAAP 80 VOLLEYBALL The cagers are out, and the spikers are in. Volleyball season begins this January 4 with NCAA season 93, followed by the 81st season of the UAAP this February. NCAA volleybelles are once again ready to take center court, and the defending women's champion Arellano University Lady Chiefs, led by heavy hitters Jovie Prado and Regine Arocha are banking on their undisputed team play to propel them to another title. Playing inspired volleyball throughout the season, the Lady Chiefs stunned the thrice-to-beat San Sebastian Lady Stags in the Finals last year, ultimately ending Grethcel Soltones' collegiate career with a dud. Rising stars like San Beda's Ces Racraquin, JRU's Karen Montojo also make the upcoming NCAA volleyball season worth waiting for. UAAP volleyball begins a month later the NCAA tournament, but expect the field to be even more tumultuous. With no clear-cut number 2 team to challenge the two-time defending champions DLSU Lady Spikers, it will be a toss-up against basically the other seven schools to step up. Dangerous squads include the much-improved Adamson Lady Falcons, last year's pleasant surprise UST, the dynastic Ateneo Lady Eagles, and the intact NU Lady Bulldogs and FEU Lady Tamaraws. NBA ALL-STAR GAME & 2018 NBA FINALS The annual showcase of the NBA's brightest stars just got a major revamp. That's right, the league has done away with the traditional East-West teams, and will now have a playground-type pool selection of players between its two captains when the exhibition tips off in Los Angeles. This raises a lot of interesting questions: Will the captains pick their teammates or will they go with a more controversial pick and select a rival? Will we able to know the order of the draft? Will this actually work in making the game better? While answers to those questions might not be answered until a few months, one thing's for sure, the NBA Finals, the spectacle that actually counts, will be epic. Will we be treated to Golden State Warriors vs Cleveland Cavaliers Pt. 4? Or will another squad swoop in to spoil the party? The league has indeed improved, with surprising teams like the Milwaukee Bucks, the Indiana Pacers, the Detroit Pistons out in the East already staking claim to playoff spots, and the Wild, Wild, West staying true to its monicker. The Houston Rockets and the perennial powerhouse San Antonio Spurs are still the favorites to pull the rug under the Warriors, while the Oklahoma City Thunder is right behind. Either way, with months of hoops already invested in it, the NBA Finals will surely be another explosive one, as it always is.   HOMECOMING QUEEN Alyssa Valdez spent the majority of 2017 overseas, spreading her wings in Taiwan with volleyball club Attack Line. This 2018 though, The Phenom plans on staying in the Philippines, armed with two year’s worth of international experience to focus on her home club team in the Creamline Cool Smashers.  "Next year, I'm planning to focus sa Creamline. Just this year, I travelled a lot talaga. They supported me throughout, esepcially doon sa National Team stint ko. They sacrificed a lot for me talaga. I think I have to focus sa team ko talaga,” she said last week.Alyssa Valdez just got scarier.   PINOY HOOP DREAMS: REMY MARTIN, KOBE PARAS  Two proudly Pinoy ballers based in the U.S. set out this 2018 to continue shooting for our island nation’s humble hoop dreams. Kobe Paras is still serving residency this 2017-2018 season with the California State University-Northridge Matadors, but his development is sure to be a joy to watch. The 6’6” Pinoy swingman accomplished a tour of duty with Gilas Pilipinas earlier in the year, and many Pinoys saw why we should all be excited about high-flying forward. Remy Martin, a 5’11” point guard dazzled in his first few games with the Arizona State Sun Devils, with his athleticism, explosiveness and feisty defense. The Filipino-American cager is proud of his roots and hopes to represent flag and country with Gilas Pilipinas in the future.   WHO (OR WHAT) IS NEXT FOR MANNY PACQUIAO? The never-ending saga of what’s next for Manny Pacquiao looks like it'll seep into 2018.  Following a rather controversial loss to Australian boxer Jeff Horn, Pacquiao has been “courting” the likes of Floyd Mayweather Jr. for a rematch, even taking to Instagram to ”greet” MMA superstar Conor McGregor before finally admitting that he’s been in talks with the Irish fighter’s camp. Whether he actually retires from boxing for good, or takes on another foe in the squared circle, one thing’s for sure: we’ll all have our eyes on Manny Pacquiao’s next move.   2018 WORLD CUP RUSSIA™ After four years, the best of world football will once again converge, this time in Russia to crown the Kings of the beautiful sport. The stage is set, the groups are finalized, and the 32 squads are promising the best 30-day football extravaganza in the hopes of dethroning defending champions Germany this June. Some group stage clashes to look out for are Germany vs Mexico, England vs Belgium, Portugal vs Spain, to name a few. June couldn’t come soon enough.   CHRISTIAN STANDHARDINGER'S PBA DEBUT No PBA rookie has probably come into the league as pro-ready as the Filipino-German standout Christian Standhardinger. The 6’9” big man was the consensus top overall pick of the 2017 PBA draft, and was also at the center of the controversial trade that sent Kia Picanto’s rights to the number 1 selection to the already-dominant San Miguel. While the trade did go down, so did former commissioner Chito Narvasa. Standhardinger’s entry to the PBA has come at a cost, but San Miguel is more than ready to wait one more conference to bulk up their already stacked squad. Seeing Standharinger play alongside 6’11” center and reigning MVP June Mar Fajardo, versatile forward Arwind Santos, and the Beermen’s bevy of guards in Alex Cabagnot, Marcio Lassiter, and Chris Ross, is definitely a sight to see, just look at how he's tearing it up in the ASEAN Basketball League.    2018 ASIAN GAMES INDONESIA The Philippines’ less than stellar performance at the 2017 Southeast Asian Games was met with widespread flak. Not directed at our athletes however, but aimed at our sports development and governing body for its subpar work in getting our sports representatives ready. While the 2018 Asian Games isn’t so far away, a handful of Pinoy medalists from the SEA Games are going into the continental meet with high hopes. After dominating the SEA Games’ triathlon event, our Filipino endurance athletes, led by gold medalists Kim Mangrobang, and Nikko Huelgas, are once again primed to take home hardware. Marathoner Mary Joy Tabal, and boxers John Marvin, and Eumir Marcial, all gold medalists at Malaysia, are all bright spots that could soon unravel into full-fledged stars come 2018.   GILAS PILIPINAS IN THE FIBA WORLD CUP QUALIFIERS It’s official, basketball is coming home to the Philippines this 2023 by way of the FIBA World Cup, but Gilas Pilipinas will first have to try its luck in the 2019 meet. After dealing with Chinese Taipei and Japan this 2017 for a perfect 2-0 slate in the qualifiers, Gilas Pilipinas still has to face the Japanese anew, and the powerhouse Australian team early in 2018. A good showing against these squads will help Gilas strengthen its bid to international basketball’s biggest stage before we actually host the event in six years’ time.   UAAP 81 BASKETBALL UAAP season 80 just came to an end, but the next season just got way more interesting. Aside from the title defense of the intact Ateneo Blue Eagles and their ongoing rivalry with La Salle, a certain move by a coach has shaken up the league. With Aldin Ayo reportedly accepting the job as the new head coach of the struggling University of Sto. Tomas, we might just be witnesses to the rebirth of the once proud basketball program under the fiery mentor. That, and the way the DLSU Green Archers can adjust from the departure of Ayo and former two-time MVP Ben Mbala, key cogs to their season 79 championship run. The tight race for the MVP award will also be one to watch, with Mbala gone, it’s up to the local stars to step up to the challenge......»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2017

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

Grab eyes investment in PUV modernization

CEBU CITY, Philippines – Transport network company (TNC) Grab Philippines said it wants to support the government's public utility vehicle (PUV) modernization program by investing in public transportation in 2018. Leo Gonzales, public affairs manager of Grab Philippines, said the company is open to investing heavily in PUV modernization in various cities, including ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2017