Moderna says 'moving at speed' to open PH facility by third quarter 2023 Michelle Ong, ABS-CBN NewsUpdated as of May 18 10:53 AM Pharmaceutical and biotechnology firm Moderna said on Thursday it is working quickly to build and open its service center facility in the Philippines by the third quarter of 2023. Read more »
Diokno says infrastructure spending 'front and center' of PH growth strategy ABS-CBN NewsPosted at Apr 13 10:11 AM Finance Secretary Benjamin Dioko said the Philippines is committed to reverse the 'underinvestment' in infrastructure as part of its growth strategy. Read more »
Cash-strapped Egypt offers citizenship to foreigners investors Agence France-PressePosted at Mar 09 07:35 AM One can become a citizen of Egypt by making a non-refundable $250,000 deposit in direct revenues in foreign currency into the state's public treasury. Read more »
Padilla brings cha-cha hearing to Mindanao, gets backing from local bizmen Jauhn Etienne Villaruel, ABS-CBN NewsUpdated as of Mar 02 08:51 PM Sen. Robin Padilla went ahead with the hearing even after Pres. Ferdinand Marcos said charter change was not a priority of his administration. Read more »
Advisory group sees rise in real estate non-performing loans Warren de Guzman, ABS-CBN NewsPosted at Feb 01 12:04 AM Prime Philippines CEO Jet Yu is forecasting some troubled times for both real estate buyers and developers this year. Read more »
Bad loans in real estate seen rising amid high costs, rates Warren de Guzman, ABS-CBN NewsPosted at Jan 31 07:50 PM A Filipino-led real estate advisory firm said it expects a rise in non-performing loans (NPLs) from both real estate buyers and real estate developers later this year. Read more »
Success of Marcos' Davos trip rests on actual investments: solon ABS-CBN NewsUpdated as of Jan 23 12:07 PM The measure of success of President Marcos’ trip to Switzerland depends on investment pledges that will materialize, a lawmaker said. Read more »
Marcos to sign order on ease of doing business: Palace Job Manahan, ABS-CBN NewsPosted at Nov 29 02:08 PM President Ferdinand Marcos Jr. will sign an order that would promote ease of doing business in the Philippines, Malacañang said on Tuesday. Read more »
DOE, ERC seek bigger budget for 2023 Warren De Guzman, ABS-CBN NewsPosted at Oct 07 04:59 PM ERC said out of its 330 total employees, 69 have left, including 48 technical employees. All of them left in search of higher pay. Read more »
Marcos nagpapatulong sa Indonesia para maayos ang pangingisda sa PH ABS-CBN NewsPosted at Sep 06 08:15 PM Humingi si Pangulong Marcos ng tulong sa Indonesia para matigil ang pag-aangkat ng Pilipinas ng galunggong mula ibang bansa. Read more »
German firms see 'overall' positive developments in PH: survey ABS-CBN NewsUpdated as of Jul 18 03:41 PM German businesses in the Philippines have generally positive expectations in the next few months as the country recovers from the impact of the pandemic. Read more »
1987 Constitution has failed us: economist ABS-CBN NewsPosted at May 10 08:54 PM Chikiamco said the economic reforms which liberalized foreign ownership rules in transport, telecommunications and other sectors, should be continued by the next president. Read more »
SpaceX eyes Starlink ops in PH before June ends: DTI ABS-CBN NewsUpdated as of May 03 10:53 AM Elon Musk's SpaceX is eyeing to jump start its Starlink operations in the Philippines before the end of President Duterte's term in June, DTI said. Read more »
'Hot money' net outflows hit $305 million in March: BSP ABS-CBN NewsPosted at Apr 28 02:21 PM The BSP said there were $1.6 billion gross outflows and $1.3 billion gross inflows for the month. Read more »
PH woos Singaporean investors Jekki Pascual, ABS-CBN NewsPosted at Apr 27 10:09 PM Top Philippine officials urge Singaporean businessmen to invest in the Philippines citing the reviving economy and new fiscal reforms adopted by the country. Read more »
Japan's Tamiya to invest P2 billion in Cebu facility ABS-CBN NewsPosted at Apr 26 08:44 PM Tamiya is one of the biggest makers of plastic and radio-controlled models of sports/racing cars, bikes, airplanes, ships, and battle tanks. Read more »
More investments 'coming in' as foreign ownership rules ease: business group Jessica Fenol, ABS-CBN NewsPosted at Mar 31 03:11 PM International business groups have a crucial role to play before more foreign investments pour in following the signing of the amended Public Service Act. Read more »
More foreign investors coming to PH: Swiss envoy Jekki Pascual, ABS-CBN NewsUpdated as of Mar 23 01:00 PM Switzerland's Ambassador said he is expecting more foreign investors to come to the Philippines following the signing of the amendments to the Public Service Act. Read more »
Australian firms 'keen to invest' in PH: envoy ABS-CBN NewsUpdated as of Mar 23 12:14 PM Many Australian companies are keen to invest in the Philippines after the passage of economic reforms, an ambassador said. Read more »
Duterte signs PSA allowing foreign ownership of telcos ABS-CBN NewsUpdated as of Mar 23 05:08 PM President Rodrigo Duterte on Monday signed into law the amendments to the Public Service Act (PSA) allowing full foreign ownership of telecommunications firms. Read more »