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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.....»»

Category: newsSource:  manilanewsRelated NewsMay 1st, 2024

SM conglomerate optimistic on growth prospects for 2024

Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Global manufacturers support expansion of Philippines industrial sector

The move of the government to attract more manufacturing investments and diversify sources of foreign pledges is seen to increase demand for industrial spaces in the country, bringing in high value manufacturing investments such as semiconductors......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Foreign pledges materialize into $14 billion investments – DTI

A total of $14.2 billion worth of investments pledged during the foreign trips of President Marcos have already been actualized or have commenced implementation, the Department of Trade and Industry reported yesterday......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

MVP Group dominates 20th Philippine Quill Awards

It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  manilanewsRelated NewsJan 25th, 2024

Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

PEZA, SMBC, RCBC partner to attract Japanese investments

The Philippine Economic Zone Authority has partnered with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. in a bid to attract more investments from Japan......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Yuchengco’s House of Investments gets SEC nod to buy Grepa Realty

The Securities and Exchange Commission has approved Yuchengco-led House of Investments’ move to acquire GPL Holdings Inc.’s shares in Grepa Realty Holdings Corp......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Luzon Economic Corridor project to draw foreign investments

President Marcos has expressed confidence that the Philippines will do better in luring investments once the Luzon Economic Corridor discussed during his recent visit to Washington is completed......»»

Category: newsSource:  philstarRelated NewsMay 4th, 2024

Some P1 billion direct investments pledges materialize in Davao City for Q1 2024

Some P1 billion direct investments pledges materialize in Davao City for Q1 2024.....»»

Category: newsSource:  sunstarRelated NewsApr 27th, 2024

Enhancing PH-New Zealand Economic Relations thru increased investments, partnerships

Enhancing PH-New Zealand Economic Relations thru increased investments, partnerships.....»»

Category: newsSource:  sunstarRelated NewsApr 25th, 2024

Ecozone investments slip by 9% in 4 months

Total investments approved by the Philippine Economic Zone Authority reached nearly P30 billion in the first four months of 2024, a nine percent decline from P33.094 billion worth of projects cleared in the same period last year......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Bunye: BSP changes FX rules for foreign investments to make them easier

Bunye: BSP changes FX rules for foreign investments to make them easier.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

Red tape hinders Philippines investments – German envoy

Persisting red tape is the biggest hindrance to expanding investments in the Philippines, according to German Ambassador Andreas Pfaffernoschke......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024

Philippines needs to accelerate investments — World Bank

The Philippines will need to see a sustained increase in investments to achieve higher economic growth, according to the World Bank......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Clark looks lifeless

Compared to the bustling areas around Clark from Mabalacat to Angeles City, Clark seems rather dead. Yet, Clark Development Corp. reports investments worth P44.4 billion in the first quarter of this year. Baka promised investments lang, yet to see the light of day......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

SM Investments buys 28.79% stake in CREIT for P5-B

SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

Resumption of FTA talks seen to spur higher EU investments

The Philippine Economic Zone Authority expects investments from European companies to increase with the resumption of the Philippines – European Union free trade agreement negotiations......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

Belle to start P5.3 billion tender for PLC shares

Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024