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Business groups back Senate amendments to Public Service Act

ABS-CBN News
Posted at Sep 20 09:05 PM

In a statement, the business groups said they strongly support liberalization of the Philippine economy via amendments to the Public Service Act. Read more »

British biz group backs granular lockdown, vaccination drive

ABS-CBN News
Updated as of Sep 13 11:14 AM

The Philippines should ramp up its vaccination drive while allowing fully vaccinated individuals to operate in order to stimulate the economy, the British Chamber of Commerce in the Philippines said Monday. Read more »

Philippine FDI net inflows hit $833 million in June

ABS-CBN News
Posted at Sep 10 01:37 PM

The Philippines booked a total of $833 million in foreign direct investment net inflows in June, the Bangko Sentral ng Pilipinas said Friday. Read more »

Hot money yields $340 million net outflows in July: BSP

ABS-CBN News
Posted at Aug 26 06:56 PM

Foreign portfolio investments (FPIs) registered with the central bank yielded net outflows of $340 million in July. Read more »

FDI net inflows decline in May to $429 million

ABS-CBN News
Posted at Aug 10 03:20 PM

The Philippines booked $429 million in net inflows of foreign direct investments (FDI) in May, down 25.4 percent compared to the same month last year. Read more »

FINEX calls on Duterte to enact pending 'pro-business' measures

ABS-CBN News
Posted at Jul 27 02:51 PM

President Rodrigo Duterte should ensure that crucial "pro-business" bills are enacted into law before his term ends so as to attract more investments, a business group said Tuesday.   Read more »

On last SONA, Duterte calls for passage of bills to attract foreign investment

ABS-CBN News
Posted at Jul 27 12:51 AM

President Rodrigo Duterte called on lawmakers to pass three priority bills meant to attract more foreign investments into the country.   Read more »

PH books $417-M net inflows of hot money in May: BSP

ABS-CBN News
Posted at Jun 25 12:45 PM

The BSP said there were $1.46 billion gross inflows and $1.04 billion gross outflows of hot money registered with the central bank for the month. Read more »

Finance, trade chiefs sign CREATE IRR ahead of deadline

ABS-CBN News
Posted at Jun 25 11:36 AM

The Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was signed by concerned government agencies ahead of the July 10 deadline, the Department of Finance said Friday. Read more »

Duterte hiniling sa Kongreso na unahin ang mga panukala para sa reporma sa buwis

Joyce Balancio, ABS-CBN News
Posted at Jun 16 11:14 PM

Umaasa si Pangulong Rodrigo na bibigyang prayoridad ng Kongreso ang mga panukalang batas patungkol sa reporma sa pagbubuwis.   Read more »

Opening up PH economy 'good,' says BSP after approval of economic cha-cha

ABS-CBN News
Updated as of Jun 08 10:32 AM

Opening up the country's economy to foreign investors is "by and large good," the Bangko Sentral ng Pilipinas said Tuesday on proposals to loosen restrictive economic provisions in the Constitution. Read more »

Foreign chambers back amendments to Public Services Act

ABS-CBN News
Posted at May 24 03:03 PM

Several foreign chambers in the Philippines said on Monday they are backing the passage of a measure that aims to differentiate public utilities from public services to boost foreign investments in the country.   Read more »

$541 million in 'hot money' exit Philippines in March: BSP

ABS-CBN News
Posted at Apr 29 02:29 PM

The Bangko Sentral ng Pilipinas said BSP-registered foreign portfolio investments (FPIs) for March 2021 yielded net outflows of $541 million.  Read more »

Lawmakers have power to revoke order lowering imported pork tariff - Palace

ABS-CBN News
Posted at Apr 13 09:19 PM

Malacañang on Tuesday said it is up to the country's lawmakers if they want to revoke Executive Order No. 128, which modifies the tariffs on imported pork.   Read more »

$40 million net 'hot money' left Philippines in February: Bangko Sentral

ABS-CBN News
Posted at Mar 31 07:55 PM

The Philippines booked $40 million in net outflows of central bank-registered foreign portfolio investments or "hot money" in February, the Bangko Sentral ng Pilipinas said on Wednesday.  Read more »

PH shares close in positive territory despite surge in COVID-19 cases, unemployment data

ABS-CBN News
Posted at Mar 09 10:49 PM

Philippine investors appear undaunted by January's unemployment data as the local bourse finishes Tuesday in positive territory. Read more »

British firms await retail liberalization, Public Services Act to invest in PH

ABS-CBN News
Posted at Jan 25 12:11 PM

British firms are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines, a top official of the British Chamber of Commerce of the Philippines (BCCP) said Monday. Read more »

PEZA says investments to PH down 19 pct, hopes to bounce back to P100-B level

ABS-CBN News
Posted at Jan 22 05:04 PM

The Philippine Economic Zone Authority (PEZA) saw a 19-percent drop in last year's investments to P95 billion, equal to 326 projects, as investors shy away from commitments due to the impacts of the pandemic. Read more »

Financial execs oppose Cha-cha, say gov't must focus on economic recovery

ABS-CBN News
Posted at Jan 18 06:50 PM

The premier group of the country's top financial executives has "strongly opposed" changes to the Constitution through the government's proposed charter change (Cha-cha), as amendments should be limited to economic reforms. Read more »

Exclude land ownership from Cha-cha discussions says Finance chief

ABS-CBN News
Posted at Jan 12 07:01 PM

Land ownership should be left out of discussions on Charter change, Finance Secretary Carlos Dominguez said on Tuesday.  Read more »