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Diokno: FDIs in PH could reach record highs this year

Bruce Rodriguez, ABS-CBN News
Posted at Jan 25 12:55 AM

Foreign direct investments into the Philippines could revisit record highs in 2020, according to the country's central bank governor Benjamin Diokno on Friday. Read more »

Euro chamber urges PH government to honor sanctity of contracts

ABS-CBN News
Posted at Jan 21 05:18 PM

The European Chamber of Commerce of the Philippines (ECCP) says the Philippine government should honor the sanctity of contracts or risk losing more foreign investors. Read more »

Economic zones build disaster defenses, the military reservist way

Michelle Ong, ABS-CBN News
Updated as of Jan 17 03:01 PM

The PEZA has been "emphasizing" disaster preparedness in all 400 economic zones, even before Taal erupted last Jan. 12 Read more »

Climate crisis to reshape finance: BlackRock CEO

Andrew Ross Sorkin, The New York Times
Posted at Jan 15 08:41 AM

BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business and put pressure on other large money managers to follow suit. Read more »

'Time of reckoning' as Duterte offers new contracts to Manila Water, Maynilad

Arianne Merez, ABS-CBN News
Updated as of Jan 07 07:01 PM

Should Manila Water Co and Maynilad Water Services Inc refuse, Duterte will order the cancellation of their existing concessions and the "nationalization of water services" in their respective areas, Presidential Spokesman Salvador Panelo said. Read more »

Foreign investments may be affected by water concession review: Fitch unit

ABS-CBN News
Posted at Dec 23 03:40 PM

Investors will be concerned over the possibility of similar instances of government intervention, which would create uncertainty for their business operations, Fitch Solutions said. Read more »

Bayan Muna warns of 'instability' if solons allowed to ease foreign ownership caps

ABS-CBN News
Posted at Dec 18 11:16 AM

Giving Congress the power to relax the country's limits to foreign investments will result in instability, an opposition lawmaker said Wednesday.  Read more »

FDI net inflows down 36.9 pct in Jan-Sept

ABS-CBN News
Posted at Dec 10 11:32 PM

The Philippines booked $556 million in net inflows of foreign direct investments in September, lower by 2.9 percent compared to the same month in 2018.    Read more »

'Premyo Bonds' offer budget investing, crack at P1 million, hotel unit

Jessica Fenol, ABS-CBN News
Updated as of Nov 26 10:46 AM

The P3 billion "Premyo Bonds" (Prize Bonds) offer shrinks the size of the typical debt paper 10 times to P500 from P5,000. At 3 percent interest, a P10,000 investment will earn P240 based on a sample computation, compared to P90 on a time deposit. It will also give the investor 20 entries to the raffle, drawn quarterly. Read more »

SEC orders PSE's compliance arm to take over brokerage hit by P700-M theft

ABS-CBN News
Posted at Nov 15 03:56 PM

The Capital Markets Integrity Corporation's move will "protect affected customer accounts" of R&L Investments, the SEC said in a statement. Read more »

PSE: Fallout from R&L Investments fiasco could reach billions

ABS-CBN News
Posted at Nov 11 11:04 PM

The Philippine Stock Exchange asserts the large scale theft that rocked the local market last week is not systemic. Read more »

Review of trading deals will help identify amount involved in brokerage theft: PSE president

ABS-CBN News
Posted at Nov 11 05:06 PM

The Philippine Stock Exchange will review the trading records of R&L Investments and some other firms to “identify” the actual amount involved in the million-peso theft as compared to the reported missing amount of P700 million, PSE president Ramon Monzon said Monday. Read more »

SEC demands truth in probe on P700-million stock theft

ABS-CBN News
Updated as of Nov 08 04:12 PM

The investigation being conducted by the Capital Markets Integrity Corporation (CMIC) should provide clarity on how the transactions that nearly “wiped out” the position of R&L Investments “slipped past multiple control measures,” the SEC said in a statement.  Read more »

Empleyado ng brokerage firm huli sa pagsimot ng pera ng kompanya

ABS-CBN News
Updated as of Nov 07 08:58 PM

Arestado ang empleyado ng isang stock brokerage firm na umano ay nakadispalko at sumimot sa pera ng kompanya, na aabot sa P750 milyon, sabi ngayong Huwebes ng pulisya.   Read more »

Theft uncovered at 50-year-old stock brokerage

ABS-CBN News
Updated as of Nov 07 06:44 PM

The scale of the theft was unprecedented, "definitely not to this degree," PSE baord member Ali Yu told ANC, as he urged other brokerage houses to check their records. Read more »

Metro Pacific welcomes change in PPP infra list

ABS-CBN News
Updated as of Nov 07 07:26 AM

Metro Pacific Investments, a major player in the Philippine infrastructure sector, welcomed the Duterte administration's change of heart on public-private partnership projects. Read more »

Philippines jumps in World Bank ease of doing business ranking

ABS-CBN News
Updated as of Oct 24 09:06 PM

The Philippines rose to 95th place from 124th while its over-all score improved to 62.9 from 60.9 point in 2019, the World Bank said. China and India made the top 10 list of governments that have done the most in the past year to improve. Read more »

Fil-Chinese businessmen urge Congress to pass CITIRA bill by year-end

ABS-CBN News
Posted at Oct 15 11:12 PM

A group of Filipino-Chinese businessmen calls for the immediate passage of the second tax reform package. Read more »

Metro Pacific to sell part of hospital business for P35.3 billion

Reuters
Posted at Oct 15 11:28 AM

Metro Pacific also said it was postponing a previously flagged $1.6 billion initial public offering for Metro Pacific Hospital Holdings Inc, which operates 14 hospitals, many of which are among the largest and most modern in the Philippines. Read more »

Philippines slips in World Economic Forum competitiveness ranking

ABS-CBN News
Updated as of Oct 09 12:13 PM

Socioeconomic Planning Secretary Ernesto Pernia Jr said the government was taking steps to improve the Philippines' score, citing recent reforms such as the Ease of Doing Business Law. Read more »