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Storm surge destroys 80 houses in Zambo coastal village
Storm surge destroys 80 houses in Zambo coastal village.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 31
JAKARTA -- The authorities of Indonesia's Batam Island officially started on Sunday the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost trade between the two countries. The direct shipping service was initiated by Persero Batam and the Batam Concession Agency in collaboration with SITC International Holdings, a Hong Kong-based shipping logistics company. (Indonesia-Chi.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Feb. 15
COLOMBO -- Sri Lanka's Ports, Shipping and Aviation Minister Nimal Siripala de Silva on Thursday announced the signing of a direct air service agreement between Israel and Sri Lanka. Speaking at a press briefing at the President's Media Center, the minister said the agreement marks the beginning of direct flights between Israel and Sri Lanka, which would enhance passenger convenience. (Sri Lanka-Israel-Aviation).....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Feb. 15
COLOMBO -- Sri Lanka's Ports, Shipping and Aviation Minister Nimal Siripala de Silva on Thursday announced the signing of a direct air service agreement between Israel and Sri Lanka. Speaking at a press briefing at the President's Media Center, the minister said the agreement marks the beginning of direct flights between Israel and Sri Lanka, which would enhance passenger convenience. (Sri Lanka-Israel-Aviation).....»»
Philippines dollar reserves slip to $102.67 billion
The country’s foreign exchange buffer slipped to $102.67 billion in February, the second straight month of decline, acccording to the Bangko Sentral ng Pilipinas......»»
More ‘hot money’ exits Philippines in January
More foreign capital left the Philippines in January, marking the second straight month of net outflow, amid continued economic uncertainties globally......»»
Eased forex rules to take effect this year
The Bangko Sentral ng Pilipinas is expected to release its final circular on eased foreign exchange rules this year to attract more foreign investments into the country, a Monetary Board member said yesterday......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
Philippines FDI net inflows grow by 89.9 pct in January
MANILA, April 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 89.9 percent in January to 907 million U.S. dollars, the country's central bank said Wednesday. "The increase in FDI was supported mainly by the 173.2 percent expansion in nonresidents' net investments in debt instruments to 820 million dollars from 300 million dollars in January 2023," the Bangko S.....»»
Agri chief, MVP Group discuss investments in food security
Agriculture Secretary Francisco Tiu Laurel Jr. met with business tycoon Manuel V. Pangilinan, chairman of Metro Pacific Investments Corp., to discuss plans for significant investments in agriculture to support the government's food security goals......»»
Arvin Tolentino, Batang Pier martsa sa 4th straight win
NAGLIYAB si Arvin Tolentino sa 4th straight victory ng Batang Pier. The post Arvin Tolentino, Batang Pier martsa sa 4th straight win first appeared on Abante......»»
Summit deals won’t affect China investments – Marcos
The expected influx of investments from the US and Japan that stemmed from the historic trilateral summit won’t affect China’s investments in the Philippines, President Marcos said yesterday......»»
Philippines FDI net inflows decline 6.6 pct in 2023
MANILA, March 11 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 6.6 percent in 2023, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the FDI net inflows reached 826 million U.S. dollars last December, bringing the yearly total amount to 8.9 billion dollars in 2023, compared to 9.5 billion dollars in net inflows recorded in.....»»
Philippines FDI net inflows decline 6.6 pct in 2023
MANILA, March 11 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 6.6 percent in 2023, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the FDI net inflows reached 826 million U.S. dollars last December, bringing the yearly total amount to 8.9 billion dollars in 2023, compared to 9.5 billion dollars in net inflows recorded in.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
US-Phl relationship ‘at its best right now’
Philippine Ambassador to the United States Jose Romualdez is urging the Philippine business community to rally behind President Marcos’ push for economic reforms that will enable the country to attract more foreign investments and compete with our strong neighbors in the region -- Vietnam, Indonesia, Malaysia and Thailand, who are all likewise trying to attract such investments......»»
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......»»
Police: Beware of online ‘love scams’ this love month
CEBU CITY, Philippines – Authorities here are reminding the public to not be swayed by sweet words and fake promises and end up as victims of “love scams” especially this love month On the second day of the month of February, Police Lieutenant Colonel Janette Rafter, Deputy Director for Operations of the Cebu City Police.....»»