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Foreign investment pledges more than double
Foreign investment pledges approved by investment promotion agencies surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority......»»
Foreign investment pledges plummet in Q1
Investment pledges from foreign firms approved by investment promotion agencies plunged by nearly 64 percent from January to March compared to last year’s level amid a stubbornly high inflation and steep borrowing costs......»»
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.....»»
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.....»»
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas.....»»
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas.....»»
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas.....»»
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas
Wanky picks Solis for PIO role, pledges transparency at PRO-Western Visayas.....»»
Over $1 billion investment to Philippines from US, says Raimondo
MANILA, The Philippines: During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo has said that U.S. companies have announced investments totaling more than US$1 billion in the Philippines.In a first of its kind for the Philippines, Raimondo headed a two-day trade and investment mission that included executives from 22 companies, such as United Airlines, Alphabet's Google, Visa, KKR Asia Pacific.....»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023
The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
3 Chinese face raps for using fireworks display on Chinese New Year in Davao City
THREE Chinese nationals in Davao City will face legal cases for violating City Ordinance 060-02, also known as the Firecracker Ban, after their minute-long fireworks display during the Chinese New Year celebration on Friday night, February 9, 2024......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Samal resort gets notice of violation over hawksbill turtle hatchlings
The Department of Natural Resources-Davao Region (DENR-Davao) has issued a notice of violation to Isla Reta Beach Resort in Samal for the illegal possession of hawksbill turtle hatchlings. The resort violated Republic Act 9147, which prohibits the exploitation of wildlife resources and their habitats. The law strictly prohibits collecting, hunting, or possessing wildlife or their by-products, with penalties including imprisonment and fines. In response to the notice, the resort's owner must release the turtle hatchlings within a day, or face legal action. Despite the resort's intention to care for and release the hatchlings after six months, DENR-Davao found 130 hatchlings inside styro boxes and emphasized the critical importance of immediately releasing them to ensure their survival. The Philippines recognizes five sea turtle species, with hawksbill and leatherback classified as critically endangered. DENR-Davao encourages individuals to report wildlife sightings and pledges to conduct public awareness campaigns for wildlife conservation. Isla Reta Beach Resort faced criticism for unauthorized plans to raise the hatchlings......»»
[ANALYSIS] A soft and range-bound stock market that has not lost its luster
Whatever your investment intentions are, stick to companies within the investment areas that both have short-term and long-term potential.....»»
PH Secures PHP 222-B Investment from Germany
The Philippines has secured a substantial USD 4 billion (equivalent to PHP 222 billion) in investments across diverse sectors during President Ferdinand R. Marcos Jr.’s visit to Germany. President Marcos unveiled this information on Wednesday morning’s Facebook post, underlining the significance of these deals with Germany, a notable player in the European Union. Drawing on […].....»»
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......»»
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.....»»