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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

Philippines could breach US sanctions if Russia arms deal proceeds

MANILA — The Philippines is at risk of breaching sanctions imposed by the United States if it proceeds with the purchase of grenade launchers from a blacklisted Russian firm, a deal that could test its longtime security alliance with Washington. A senior Philippine general familiar with the deal said Manila had agreed in October last year to […].....»»

Category: newsSource:  interaksyonRelated NewsJul 19th, 2018

Philippine economy to sustain growth momentum – First Metro

MANILA, Philippines – Despite the political noise, First Metro Investment Corporation (FMIC) remains bullish on the Philippine economy. The investment firm sees the country's gross domestic product (GDP)  expanding by 7% to 7.5% this year. FMIC president Rabboni Francis Arjonillo said the Philippines has solid macroeconomic fundamentals. "Robust domestic demand continues to fuel the ........»»

Category: newsSource:  rapplerRelated NewsJul 16th, 2018

ETII pursues projects in Visayas

Ecosystem Technologies International Inc. (ETII), part of the Metro Pacific Water portfolio, is eyeing projects with local governments in the Visayas in preparation for an expansion drive into Southeast Asian and African markets.   ETII is joint-venture between Metro Pacific Investment Corp. (MPIC), with a 65 percent stake, and Ecosystem Technology Inc.   It is a pioneer in the Philippines in the recycling and reuse of wastewater, and holds 10 patents for related technologies.   Michael C. Rubio, ETII director for communications, said yesterday in a briefing the 20-year-old firm had completed at least 600 wastewater treatment projects across the country--...Keep on reading: ETII pursues projects in Visayas.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

Taiwan firm eyes PH as manufacturing hub; local unit sets P6.77-B IPO

Taiwan-based New Kinpo Group (NKG) is grooming the Philippines to be its next Southeast Asian electronics manufacturing hub with a P6.77-billion local stock market debut planned by its local arm, Cal-Comp Technology (Philippines) Inc. Simon Shen, NKG chief executive, yesterday said the group was boosting its operating capacity in the Philippines as it shifted the focus of operations in China. "China will move toward higher level R&D (research and development), so its manufacturing component will slowly be transitioned to the Philippines. This IPO (initial public offering) will allow us to raise the funds needed to support the transition and help the Philippines enhance its manu...Keep on reading: Taiwan firm eyes PH as manufacturing hub; local unit sets P6.77-B IPO.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

Korean firm details $1.7-B investment proposal

South Korean firm SK E&S Co. Ltd. has a proposed $1.7-billion package of investment for the Philippines that includes--aside from a liquefied natural gas (LNG) terminal--a number of LNG-fired p.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

PHL employee engagement rises to 71% after 2016 drop — Aon

EMPLOYEE engagement levels in the Philippines rose by six percentage points to 71%, according to a new report by global professional services firm Aon. Employee engagement, as defined in Aon’s 2018 Global Employee Engagement Trends Report, is “the level of an employee’s psychological investment in their organization.” The more than 8 million employees polled worldwide […] The post PHL employee engagement rises to 71% after 2016 drop — Aon appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 28th, 2018

Philippines, Russia follow through on JCTEC initiatives

The JCTEC is a mechanism to improve bilateral economic relations between the Philippines and Russia. During the meeting, the following areas for collaboration were discussed: trade and investment p.....»»

Category: newsSource:  philippinetimesRelated NewsMay 9th, 2018

PCC approves merger of Dennis Uy s Udenna with 2GO shareholder

MANILA, Philippines – The  Philippine Competition Commission (PCC) , the country's antitrust agency, approved Udenna Corporation's merger with a Dutch company that indirectly holds a stake in 2GO Incorporated's parent firm, after it complied with the commission's demands. KGL Investment BV (KGLI-BV) is a private limited liability company under KGL Investment Coöperatief UA, based ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2018

DOLE eyes OFW deployment to Russia

MANILA, Philippines – The Department of Labor and Employment (DOLE) has started negotiating with Russia with the goal of sending overseas Filipino workers to the world's largest nation.  Labor Secretary Sylvestre Bello III said in a statement that Russia could be an alternative market for OFWs ........»»

Category: newsSource:  rapplerRelated NewsApr 26th, 2018

Q2 hiring outlook positive amid strong growth — Monster.com

EMPLOYERS are expected to remain positive about hiring in the Philippines in the second quarter because of strong economic growth and investment, online hiring firm Monster.com said. Monster.com Chief Executive Officer for Asia Pacific and the Middle East Abhijeet Mukherjee said in a statement that this was “no suprise” as the investment outlook remained upbeat. […] The post Q2 hiring outlook positive amid strong growth — Monster.com appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

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