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Philippines foreign investments yield net outflows in March
MANILA, May 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 236 million U.S. dollars in March, the Philippine central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in March resulted from the 1.6 billion dollars in gross outflows and 1.4 billion dollars in gross inflows for the month. "The recorded net outflows are a reversal.....»»
New Car District showroom opens to address demand for local and imported cars
In response to the rising demand for premium brand-new and pre-owned cars, Car District opens its showroom along M.L. Quezon Street, Casuntingan, Mandaue City, Cebu, curating a collection of foreign and local car brands for its discerning clientele. The ceremonial ribbon-cutting for the opening of the new Car District showroom was led by Jonas Dy.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Loans to agriculture sector ‘quadrupled’ in 2023
The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of the central bank’s Monetary Board said......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Government announces agriculture delegations to better support Primary sector
The coalition Government has announced ministerial delegations to support key areas across the Primary sector to deliver for New Zealand's food and fibre sector, Agriculture Minister Todd McClay announced today."I will be supported in my roles as Minister of Agriculture, Trade, Forestry and Hunting and Fishing, by three Associate Agriculture Ministers, Nicola Grigg (National), Andrew Hoggard (ACT), and Mark Patt.....»»
Top Industries for New Investors: A Beginner’s Handbook
Starting your investment journey is thrilling yet challenging. To guide you, focus on your goals, risk tolerance, and market trends. Success starts with picking the right industries. Explore these three beginner-friendly options for a solid start. 1. Technology Sector The tech sector, with companies like Apple and Amazon, offers growth potential. Spread your bets to […].....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Foreign debt reaches all-time high in 2023
The country’s foreign debt reached another record high in 2023, as both the national government and the private sector borrowed more from offshore creditors, the central bank said......»»
Invest and own a piece of paradise with Jpark Island Resort Condotel
Jpark Island Resort & Waterpark. Mactan Cebu announces a grand investment opportunity with the launch of Jpark Island Resort & Waterpark. Mactan Cebu Condotel on April 24, 2024. The resort’s condotel investment opportunity consists of 355 units with guaranteed annual returns and a buy-back deal after 10 years. with an exit plan. The investment allows.....»»
Davao gets investment pledges worth P3B
DAVAO CITY (MindaNews / 06 March) – The Davao City Investment Promotions Center (DCIPC) has recorded investment pledges worth P3 billion from different potential investors for this year, an official said. Christian D. Cambaya, head of DCIPC’s Investor Assistance & Servicing Unit, said during “Wednesdays Media Forum at Habi at Kape” that Davao is off […].....»»
308 mln USD stolen in investment, romance scams in 2023 in Japan
TOKYO, March 7 (Xinhua) -- The amount of money stolen in investment scams perpetrated via social media and in online romance scams in Japan totaled 45.52 billion yen (about 308 million U.S. dollars) in 2023, police data showed on Thursday. In 2023, damages from investment frauds using Facebook, Instagram and other social media means amounted to 27.79 billion yen in 2,271 cases reported to police, while damages f.....»»
Maharlika ready to make first investment in 90-120 days
Maharlika Investment Fund CEO, Rafael Consing, said that the MIF would likely make its first investment “in the next 90 to 120 days”......»»
Wegotmail: Statement of the Ministry of Foreign Affairs of Japan on the Recent Surgein Tensions in the South China Sea
Wegotmail: Statement of the Ministry of Foreign Affairs of Japan on the Recent Surgein Tensions in the South China Sea.....»»
China urges Philippines not to play with fire on Taiwan question
The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»
China urges Philippines not to play with fire on Taiwan question
The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
China criticises 'bewildering' US trade policies in face of curbs from Washington
Beijing [China], March 7 (ANI): Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported. In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewi.....»»