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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.....»»
Bulacan gets P20B new investments in 2023
Bulacan gets P20B new investments in 2023.....»»
Mandani Bay tops off 4 towers, total investments now stands P130B
Mandani Bay tops off 4 towers, total investments now stands P130B.....»»
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.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- 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, telecommunication infrastructure,.....»»
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.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- 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, telecommunication infrastructure,.....»»
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......»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
FDI inflow down 17.5% in 10 months
The net inflow of foreign direct investments fell by 17.5 percent from January to October 2023, reflecting the adverse impact of persistent inflationary pressures and slowing global growth prospects on investor sentiment......»»
First person to receive a genetically modified pig kidney transplant dies nearly 2 months later
BOSTON (AP) — The first recipient of a genetically modified pig kidney transplant has died nearly two months after he underwent the procedure, his family and the hospital that performed the surgery said Saturday. Richard “Rick” Slayman had the transplant at Massachusetts General Hospital in March at the age of 62. Surgeons said they believed.....»»
Raymond Garcia is acting Cebu City mayor for 6 months
CEBU CITY, Philippines – Vice Mayor Raymond Alvin Garcia is now the acting mayor of Cebu City. His assumption to office that took effect on Saturday, May 11, was based on a memorandum from the Department of Interior and Local Government in Central Visayas (DILG-7) designating him as acting mayor for six months. On the.....»»
Cebu City Mayor Mike Rama suspended for 6 months
CEBU CITY, Philippines — Cebu City Mayor Michael Rama has been placed under suspension by the Office of the Ombudsman. The state’s anti-graft investigating body on Wednesday, May 8 announced that they ordered to put Rama under preventive suspension for six months. READ MORE: 4 ex-tax mappers pay of Cebu City ‘signed’ but… 4 Cebu.....»»
Ombudsman suspends Rama, 7 others for 6 months
Ombudsman suspends Rama, 7 others for 6 months.....»»
Larumbe hit-and-run: Why it took months for cops to nab suspect
CEBU CITY, Philippine – The police have arrested on Monday the prime suspect in the fatal hit-and-run of 23-year-old Jeslar Uriel Larumbe, more than 3 months since the incident happened near a church in Cebu City. The suspect, Aaron Karl Tan, was arrested at his home in Brgy, Guadalupe in Cebu City at around 2:15.....»»
Factory activity expands at fastest pace in 5 months
The country’s manufacturing sector in April expanded at the fastest pace in five months, supported by strong demand......»»
19 drug dens in CV shut down in a span of 4 months – PDEA-7
CEBU CITY, Philippines – A total of 19 drug dens from all over Central Visayas were successfully shut down by authorities in a span of 4 months. Leia Alcantara, spokesperson of the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7), shared that this is the result of their anti-drug operations from January 1 to May.....»»
Robinsons Bank systems convert into BPI in 18 months
Bank of the Philippine Islands is looking to convert all branches and systems of Robinsons Bank Corp. in 12 to 18 months, following the merger of the two banks earlier this year......»»
DepEd eyes aggressive return to June-March calendar to escape heat
The Department of Education is eyeing to shorten next year's school calendar by two months as part of its most aggressive proposal yet to return to a schedule that ends classes before the hot months of April and May......»»
Over P600 billion projects approved in 4 months – BOI
Investments approved by the Board of Investments (BOI) have reached more than P600 billion in the first four months of the year......»»