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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 »

Euro chamber backs investment reform bills but says 'more' could be done

ABS-CBN News
Updated as of Jul 04 06:10 PM

The government is pushing for amendments to the Foreign Investments Act, Public Services Act, and Retail Trade Liberalization Act, but still more could be done, the head of a European business group said.  Read more »

Duterte pitch to Thai investors? Pinoys learn fast, business climate ‘corruption-free’

ABS-CBN News
Posted at Jun 22 06:08 PM

Duterte also invited Thai investors to participate in the Philippines' massive infrastructure push that is now "in full swing." Read more »

Dairy firm Lacto Japan to set up sales unit in PH

Kyodo News
Posted at Jun 17 05:53 PM

Dairy product trader Lacto Japan Co. is foraying into the Philippines to meet growing dairy demand there. Read more »

Special Congress session unlikely despite pending Duterte-backed bills: Sotto

ABS-CBN News
Updated as of Jun 04 11:17 AM

The 17th Congress is unlikely to hold a special session, even if President Rodrigo Duterte calls for it to tackle bills he certified as urgent, Senate President Vicente "Tito" Sotto III said Tuesday.    Read more »

Duterte asks Senate to pass foreign investment, retail trade bills

ABS-CBN News
Updated as of Jun 03 11:56 PM

In a letter addressed to Senate President Vicente Sotto III, Duterte called for the "immediate enactment" of amendments to the Public Service Act, Foreign Investments Act, and the Retail Trade Liberalization Act.  Read more »

FDI net inflows up 20.2 percent in February to $746 million

ABS-CBN News
Posted at May 10 04:08 PM

The FDI net inflows reached $746 million, bringing the total for the first 2 months of the year to $1.4 billion, data from the BSP showed. Read more »

German firms eye taking part in 'Build, Build' - business group

ABS-CBN News
Updated as of Apr 30 10:02 AM

German firms are keen on participating in the government's infrastructure projects, an official of the German-Philippines Chamber of Commerce (GPCC) said on Wednesday.  Read more »

3M to expand further in PH, with or without incentives says president

Cathy Yang, ABS-CBN News
Posted at Apr 11 03:46 PM

Consumer and industrial goods manufacturer 3M is aiming to further expand its business in the Philippines and hire more people despite uncertainties over fiscal incentives in the proposed corporate tax reforms.  Read more »

Told US security at risk, Chinese firm seeks to sell Grindr dating app

Carl O'Donnell, Liana B. Baker and Echo Wang, Reuters
Posted at Mar 28 09:49 AM

The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk, the two sources said. Read more »

PH books $8.5 billion FDI net inflows from Jan-Oct 2018

ABS-CBN News
Posted at Jan 14 04:28 PM

Net inflows of foreign direct investments in the Philippines reached $8.5 billion from January to October last year, 1.8 percent higher than same period in 2017.  Read more »

Euro group says 'more needs to be done' to make business easier in PH

ABS-CBN News
Posted at Dec 04 08:53 PM

Nabil Francis, president of the ECCP, said that in terms of ease of doing business, the Philippines "still has a long way to go." Read more »

European bizman says easing foreign ownership limits can boost PH infra

ABS-CBN News
Updated as of Nov 22 06:14 AM

Removing or easing foreign ownership restrictions on builders and infrastructure firms can help the country upgrade its infrastructure, a European businessman said Wednesday. Read more »

Pernia sees 'some impact' with easing of foreign ownership limits

ABS-CBN News
Posted at Nov 07 12:13 PM

An executive order easing restrictions on foreign participation will have "some impact" but may not be enough to boost the economy, Socioeconomic planning secretary Ernesto Pernia said Wednesday. Read more »