News

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 »

ANALYSIS: Foreign investors move from direct equity to lending

Jose Galang -- Your Business
Posted at Mar 15 05:56 PM

More foreign investors in the Philippines now prefer extending loans to taking equity shares in local enterprises. Read more »

ANALYSIS: A puzzling No. 1 ranking in investing options

Jose Galang -- Your Business
Updated as of Mar 09 08:04 PM

It feels good to see the Philippines on top of list of “Best Countries to Invest In” published recently by the web-based magazine US News & World Report. The Philippines placed No. 1 in the rankings despite the country’s poor scores in most of the criteria used and its decline in the overall “Best Countries” listing. Read more »

DOF: Japan commits $9-B in investments in PH

ABS-CBN News
Updated as of Feb 15 06:56 AM

The Philippines' economic team has been steadily courting foreign investors, amid multiple trips abroad, to bring in foreign investments and assistance. Read more »

After Vietnam visit, European trade group chief still picks Philippines

ABS-CBN News
Posted at Feb 09 08:05 PM

MANILA – The head of a European trade group still sees the Philippines as a better choice for foreign investors over Vietnam, after comparing how the two Asian countries do business. Read more »

Foreign investor interest in PH picking up amid infrastructure push

ABS-CBN News
Posted at Jan 31 12:06 AM

The Duterte administration continues to court foreign investors and, while numerous hindrances to inflows remain, the interest doesn't appear to be waning. Read more »

Ex-chief justice warns PH will be a 'colony' if foreign capital limits are lifted

Trishia Billones, ABS-CBN News
Posted at Jan 29 10:35 AM

MANILA - The provisions of the Constitution on foreign ownership should remain because amending it may lead to the Philippines being a "colony" of foreign investors, a former chief justice said Monday. Read more »

ANALYSIS: Will reinvested profits in PH firms follow Apple’s move?

Jose Galang - Your Business
Posted at Jan 19 02:26 AM

If Apple’s newly announced move to bring home to the US “hundreds of billion dollars” worth of earnings stashed overseas actually beats a path that will be followed by other profit-making American companies, it could eventually make a dent on foreign investments in the Philippines. Read more »

BOI reports highest investment approvals in 50 years

ABS-CBN News
Posted at Dec 18 10:16 PM

MANILA - The Board of Investments (BOI) has reported an all-time high P616.7 billion in investment approvals this year, the highest in the agency's 50-year history.  Read more »

Duterte seeks 'immediate steps' to ease foreign investment limits

ABS-CBN News
Updated as of Nov 23 02:39 PM

President Rodrigo Duterte has directed the National Economic Development Authority to take "immediate steps" to lift or ease restrictions on foreign investments, according to an official document released by his office on Thursday. Read more »

New foreign investment 'negative list' up for Duterte approval: Pernia

ABS-CBN News
Posted at Nov 16 11:32 AM

The economic team's recommendation to further ease restrictions on foreign investors has been submitted to President Rodrigo Duterte for his approval, Socioeconomic Planning Secretary Ernesto Pernia said. Read more »

ANALYSIS: Peso fall is something to worry about

Jose Galang – Your Business
Posted at Nov 07 05:00 PM

In the coming days, the Duterte economic managers will be extremely busy as they search for schemes to rebalance the economy. They cannot continue to tell the people that the peso depreciation is nothing to worry about. Read more »

PH rivals Vietnam as investors look to Southeast Asia

Michelle Ong, ABS-CBN News
Posted at Nov 07 10:58 AM

Vietnam is the Philippines' foremost rival for investments, as businessmen look to Southeast Asia for growth, a British business group said Tuesday. Read more »

ANALYSIS: A messy outlook for local retailers

Jose Galang - Your Business
Posted at Oct 23 03:08 PM

The Philippine retail industry has been identified as a priority in terms of opening up more local industries to foreign investors. More jobs to be created? That remains to be seen. The result of a mindless liberalization could be messy. Read more »

Japanese investors 'very bullish' on Philippines: BDO capital

ABS-CBN News
Posted at Oct 19 10:04 AM

Japanese investors are "very bullish" on the Philippines, a fund manager who hosted an investment summit in Japan said Thursday. Read more »

Diokno, Espenilla: Foreign investors bullish on PH economy

ABS-CBN News
Posted at Oct 19 02:03 AM

Philippine economic managers say many US investors are still interested in doing business in the Philippines despite the political noise in the country. Read more »

Foreign direct investments down in July

ABS-CBN News
Updated as of Oct 11 12:24 AM

MANILA - Net inflows of foreign direct investments (FDI) totaled $307 million in July 2017, 38 percent lower than the $493 million booked in the same month last year, the central bank said Tuesday. Read more »

Business community still confident in Duterte despite ratings drop, says aide

Dharel Placido, ABS-CBN News
Posted at Oct 10 02:11 PM

The country's business community continues to have confidence in President Rodrigo Duterte despite the recent drop in his popularity scores, one of his advisers said Tuesday. Read more »

Foreign investors jittery on the Philippines

Jose Galang - Your Business
Posted at Sep 30 12:51 AM

Despite the healthy economic fundamentals that the Duterte regime inherited from past administrations, as well as the strong political capital it enjoys, the economic managers seem to be having difficulty in converting these into equivalent foreign investment inflows. Read more »