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Duterte signs PSA allowing foreign ownership of telcos

ABS-CBN News
Updated as of Mar 23 05:08 PM

President Rodrigo Duterte on Monday signed into law the amendments to the Public Service Act (PSA) allowing full foreign ownership of telecommunications firms. Read more »

FDI net inflows at $7.3 billion in first 3 quarters

ABS-CBN News
Posted at Dec 10 09:58 AM

The Philippines booked $660 million foreign direct investment net inflows in September, the Bangko Sentral ng Pilipinas said Friday. Read more »

Pacquiao vows to use status to draw foreign investments

ABS-CBN News
Posted at Nov 18 04:50 PM

Presidential candidate Sen. Manny Pacquaio said he will use his celebrity stature to lure in foreign investments. 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 »

More Pinoys seen investing in stocks amid pandemic, 3 IPOs eyed this year

ABS-CBN News
Updated as of Jan 14 11:59 AM

The PSE said that despite the exit of many foreign investors from Philippine equities due to the pandemic, the market has been able to sustain volumes thanks to local investors. Read more »

British Chamber sees challenges for PH economy until first half of 2021

ABS-CBN News
Posted at Dec 15 01:37 PM

The British Chamber of Commerce Philippines (BCCP) plans ahead to attract foreign investors next year despite seeing continued challenges for the Philippine economy until the first half of next year, a chamber head said Tuesday. Read more »

PH economy seen recovering 'almost instantly' with 'investor friendly' reforms

ABS-CBN News
Posted at Nov 23 11:15 AM

The Philippine economy is poised to bounce back faster and catch up with Vietnam's post-pandemic growth should the government rally for investor-friendly reforms and push for more exports in the country, two chamber of commerce heads told the ANC on Monday.   Read more »

As tax base shrinks during pandemic, proposed law seeks to cut revenue sources

Robert JA Basilio Jr., Philippine Center for Investigative Journalism
Posted at Oct 30 05:00 PM

The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most. Read more »

FDIs to recover in 2021 after taking virus hit: BSP

ABS-CBN News
Posted at Jul 27 10:24 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday foreign direct investments could recover by 2021 after inflows shrank due to the coronavirus pandemic.    Read more »

Lagman: 'Nothing illegal or irregular' about ABS-CBN Holdings' PDRs

Jessica Fenol, ABS-CBN News
Updated as of Jun 15 05:30 PM

The Philippine Deposit Receipt (PDRs) issued by ABS-CBN Holdings are "completely compliant" with the Constitution and are not a scheme to circumvent the laws, Albay Rep. Edcel Lagman said Monday.   Read more »

Incentives should be removed from scope of CITIRA: tax expert

ABS-CBN News
Posted at Sep 27 06:53 PM

Tax consultant Mon Abrea urges lawmakers to take out incentives from the coverage of CITIRA or the tax reform bill package 2, and make the proposal to rationalize them a separate bill. Read more »

How Philippines can compete for investments in Southeast Asia

ABS-CBN News
Posted at Aug 08 11:32 AM

Filipinos are “premiere” talents who attract attention, however, the 40-percent cap on foreign ownership hobbles some potential investments. The country also has strict labor policies, Bowergroup Asia founder and CEO Ernest Bower told ANC. Read more »

German firms 'very bullish' about Philippine market: trade group

ABS-CBN News
Updated as of Jun 26 04:41 PM

German firms are "bullish" about the Philippine market as qualifications of its English-speaking workforce offset risks such as inflation and the volatile exchange rate, the director of a German-Philippines trade group said Wednesday. Read more »