News Articles on foreign-investment

ABS-CBN News
Posted at Aug 12 02:43 PM

Reopening the economy amid the threat of the Delta variant of COVID-19 would require the government to ramp up vaccination, a BCCP official said. Read more »

Japan's Sumitomo Mitsui to take 5 pct stake in RCBC

Reuters
Posted at Jun 28 08:49 PM

SMFG, Japan's second biggest lender by assets, said it saw the Philippines as a key market, and cited RCBC's strength in digital banking services. Read more »

Chip industry needs at least another year to address global shortage: SEIPI

ABS-CBN News
Updated as of Jun 14 04:57 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc said chip manufacturers cut down on equipment production last year in anticipation of lower demand with the onset of the pandemic. Read more »

Foreign chambers back $200-K minimum capital for retail trade entry

ABS-CBN News
Posted at May 26 03:53 PM

Foreign business groups in the Philippines are backing the House’s proposal to lower the minimum capitalization requirement to $200,000 for foreigners to enter the country’s retail sector. Read more »

Savings from CREATE tax cuts to be re-invested back to the economy: business leaders

Warren de Guzman, ABS-CBN News
Posted at Feb 17 10:59 PM

The country's top businessmen said the passage of a bill that will cut corporate taxes from 30 percent to 25 percent will attract not just foreign investors, but also re-investments from big local firms. Read more »

AC Energy to build 400-MW solar farm in New South Wales in Australia

ABS-CBN News
Posted at Feb 15 09:12 PM

Ayala's AC Energy will build a 400-megawatt (MW) solar power plant in New South Wales, Australia. Read more »

PH full economic recovery may take 4-5 yrs: Biz leaders

Bruce Rodriguez, ABS-CBN News
Posted at Feb 03 09:03 PM

Some business leaders warned of a slowed growth for the Philippines, saying full recovery could take four to five years if the country will not relax foreign ownership and accelerate consumption. Read more »

Electronics exporters see 7 pct growth with demand for 'new normal' tech

ABS-CBN News
Posted at Jan 11 04:02 PM

SEIPI said demand for gadgets for distance learning and telecommuting, as well as e-vehicles and medical electronics, will lead the sector to grow 7 percent this year. Read more »

Investing Pinoys raise BPI's managed assets to P1-T mark

ABS-CBN News
Posted at Dec 18 12:28 PM

Bank of the Philippine Islands (BPI) said Friday it hit P1 trillion in assets under management (AUM) as more Filipinos invest in trust funds and other investment instruments to preserve wealth amid the pandemic. Read more »

Velasco ‘open’ to easing constitutional restriction on foreign investments

Vivienne Gulla, ABS-CBN News
Posted at Dec 03 09:24 PM

House Speaker Lord Allan Velasco on Thursday said he is “open” to relaxing the constitutional restriction on foreign investments, but said the 18th Congress may no longer have time to pursue it. Read more »

KKR still bullish on Philippines, says ready to boost investment

Warren de Guzman, ABS-CBN News
Posted at Dec 02 07:37 PM

Global investment firm KKR said Wednesday it remains bullish on the Philippines and is ready to add to the $1 billion it has already invested in the country. Read more »

Electronics industry to shrink at slower pace: SEIPI

Bruce Rodriguez, ABS-CBN News
Posted at Nov 13 06:08 PM

The Philippine electronics industry will shrink at a slower pace this year than initially forecast as the country eases quarantine measures imposed to check the spread of COVID-19. Read more »

Singaporean fund GIC to acquire 17.5 pct stake in AC Energy for P20-B

ABS-CBN News
Posted at Nov 12 05:45 PM

AC Energy on Thursday said Singapore-based fund GIC Private Limited will acquire a 17.5 percent stake in the company for P20 billion, a transaction in line with AC Energy's expansion to international markets. Read more »

FDI net inflows hit $797 million in July, up for third straight month: BSP

ABS-CBN News
Posted at Oct 12 02:16 PM

This was the third consecutive month that the country's FDI net inflows grew, as investor sentiment improved partly due to the easing of quarantine measures and gradual improvements in economic activity, the BSP said. Read more »

Thousands of Indonesians protest 'Jobs Bill'

Tabita Diela and Agustinus Beo Da Costa, Reuters
Posted at Oct 06 08:13 PM

Thousands of Indonesians took to the streets of several cities on Tuesday in a national strike to protest against a new jobs law they say is too pro-business, but which the government has promoted as vital to attract investment. Read more »

DTI courts British firms to link up with Philippine tech startups, MSMEs

ABS-CBN News
Posted at Aug 20 02:45 PM

During the 2nd Philippines-United Kingdom Economic Dialogue held on Wednesday, the DTI said it was “very keen to pursue innovation and industrial development cooperation with the UK.” Read more »

House okays bill easing retail trade requirements for foreigners

RG Cruz, ABS-CBN News
Posted at Mar 11 09:23 PM

House Bill 59 primarily intends to lower the required minimum capital for foreign retail investors, in order to relax barriers on entry of their investment in retail trade, as provided for by Republic Act 8762 or the Retail Trade Liberalization Act of 2000. Read more »

Bill further opening retail trade to foreigners advances in House

ABS-CBN News
Posted at Mar 05 07:53 PM

The House of Representatives approved on second reading a bill seeking to further ease the entry of foreign players in the country's retail trade sector. Read more »

Foreign firms wary as China launches investment law

Sébastien Ricci, Agence France-Presse
Posted at Jan 08 02:46 PM

The foreign investment law, which came into force on January 1, is supposed to give local and foreign companies equal treatment in the Chinese market and improve protections of intellectual property. Read more »

Easing restrictions on foreign investment still a priority: Pernia

ABS-CBN News
Posted at Jul 24 12:03 AM

The Philippine business community expresses dismay over President Rodrigo Duterte's failure to mention measures to improve foreign investment in his fourth State of the Nation Address. Read more »

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