News

Hanjin in talks with 'several' white knights for rescue: SBMA chief

ABS-CBN News
Updated as of Feb 06 09:56 AM

From 3,000 workers, Hanjin could be forced to keep just 300 when the last of 2 ongoing projects is finished and it fails to secure funding for further orders, said Subic Bay Metropolitan Authority Chairperson Wilma Eisma. Read more »

American Chamber pushes for further easing of foreign ownership caps

ABS-CBN News
Posted at Dec 07 04:55 PM

The American Chamber of Commerce of the Philippines welcomes the 11th edition of the Foreign Investment Negative List but more reforms can lead to "billions of dollars" in foreign investments. Read more »

CHART: Approved foreign investments rise in Q3

Edson Joseph Guido, ABS-CBN Data Analytics
Posted at Dec 07 04:21 PM

After plummeting year-on-year in 6 of the first 7 quarters of the Duterte administration, approved foreign investments rose in the last 2 quarters. Read more »

Foreign direct investments up from Jan-Aug: BSP

ABS-CBN News
Posted at Nov 12 10:57 PM

The Bangko Sentral ng Pilipinas said FDI net inflows reached $7.4 billion from January to August, which was 31 percent higher than the $5.7 billion net inflows registered in the same period last year. Read more »

Duterte updates investment list for foreigners, Filipino nationals

Dharel Placido, ABS-CBN News
Updated as of Oct 31 06:43 PM

Duterte issued Executive Order No. 65, the eleventh edition of the so-called foreign investment "negative list." Read more »

Duterte updates investment list for foreigners, Filipino nationals

ABS-CBN News
Posted at Oct 31 11:58 AM

President Rodrigo Duterte has updated the list of industries that are open to foreign investments and those that are limited to Filipino nationals. Read more »

HK cryptocurrency firm gets provisional license in PH

ABS-CBN News
Posted at Oct 30 03:15 PM

The provisional license will allow Hong Kong's Asia Premiere International Ltd firm to undertake cryptocurrency transactions. Read more »

PH promoted in UK as investment destination

ABS-CBN News
Posted at Sep 26 11:21 PM

Amid the rising expectations for higher inflation, Fitch Ratings and the Asian Development Bank both lower their growth outlook for the Philippines. Read more »

OPINION: Who’s leading the pack in ASEAN?

Karim Raslan -- Ceritalah ASEAN
Posted at Sep 14 11:21 PM

Sadly, the Philippines with its clapped-out infrastructure, expensive energy and notorious bureaucracy remains the outlier.  Read more »

Investments may be 'diverted' due to tax reform concerns: exporters' group

Warren De Guzman, ABS-CBN News
Updated as of Sep 13 07:20 AM

MANILA - Over US$1 billion investments for expansion ventures in the Philippine electronics industry have been "diverted" to other destinations as manufacturers became wary of the second package of tax reforms being pushed by the administration of President Rodrigo Duterte, an industry group said Wednesday.  Read more »

FDI net inflows up 42.4 percent in first half: BSP

ABS-CBN News
Posted at Sep 10 10:11 PM

The BSP said FDI net inflows reached $5.76 billion from January to June this year compared to $4.04 billion in the first six months of 2017. Read more »

Gov't urged to address ease of doing business, corruption to attract investments

ABS-CBN News
Posted at Aug 31 04:30 PM

Investment is all about trust and confidence, Guenter Taus president of the European Chamber of Commerce in the Philippines (ECCP) told ANC.    Read more »

Euro chamber sees potential challenges with TRAIN 2

ABS-CBN News
Posted at Aug 01 04:23 PM

The second package of tax reforms being pushed by the government presents potential challenges to foreign investors in the, the head of the European business lobby said on Wednesday.  Read more »

Manila urged to explain TRAIN 2 more to foreign investors

ABS-CBN News
Posted at Jul 16 10:38 AM

Foreign investors will be "more positive" on the Philippines if the correct message on taxes is relayed, said KRA Group head of business advisory Gerald Tan. Read more »

PH seen as 'one of the best' in SE Asia for foreign investments

ABS-CBN News
Posted at Jul 12 05:58 PM

The Philippines is one of the best countries in Southeast Asia for foreign investors who are planning to move their operations in the region, the CEO of an electronics manufacturing firm said on Thursday. Read more »

Concom taps Congress to lift foreign equity limits in new charter

Christian V. Esguerra, ABS-CBN News
Updated as of Jun 21 01:18 PM

The new federal constitution drafted by Malacañang’s consultative committee will allow Congress to pass a law liberalizing the Philippine economy to attract more foreign investments, its chairman said Thursday. Read more »

FDI net inflows up 43.5 pct in first quarter

ABS-CBN News
Posted at Jun 11 07:52 PM

This brought the total FDI net inflow in the first three months of the year to $2.2 billion. Read more »

Foreign investment pledges fall 38% in Q1

ABS-CBN News
Posted at Jun 08 01:01 AM

Foreign investments pledges dropped in the first quarter of the year just as government readies the second tax reform package, which could rationalize fiscal incentives.  Read more »

Some foreign businessmen back suspension of fuel tax: ECCP

ABS-CBN News
Posted at May 16 05:12 PM

Some foreign investors are in favor of suspending the excise taxes on fuel implemented under the new tax reform law to review its impact on basic goods amid rising inflation, the head of a European trade group said on Wednesday.   Read more »

Thanks to Duterte foreign policy shift, Russian, Chinese carmakers pivot to PH

Dominic Menor, ABS-CBN News
Updated as of Apr 06 04:13 AM

A year ago, seeing a participant from Russia and another from a state-owned Chinese car manufacturer at an auto show in the Philippines would’ve been unlikely, but this is the by-product of the drastic pivot in foreign policy under President Rodrigo Duterte. Read more »