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Mayor Isko lures businesses to reinvest in Escolta with '15 years tax-free' promise

Katrina Domingo, ABS-CBN News
Posted at Sep 14 03:53 AM

MANILA—Businesses that will purchase land and replace Escolta's worn-out establishments with high-rise buildings will be exempted from paying taxes in Manila for 15 years, Mayor Isko Moreno said Friday as he urged investors to help the local government redeem the capital's once-bustling commercial center. Read more »

Foreign investments bill gets backing of foreign business groups

ABS-CBN News
Posted at Sep 11 05:30 PM

MANILA - A bill seeking to amend the law governing foreign investments in the Philippines will attract more investors, a coalition of foreign business groups said Wednesday.  Read more »

Dissecting Data: Foreign direct investments fall in first half

ABS-CBN News
Posted at Sep 11 04:25 PM

Foreign direct investments declined in the January to June period compared to the same period in 2018. At $3.58 billion, the first half haul was valued lower compared to the first 6 months of 2017. Read more »

SM 'not that concerned' over offshore gaming woes with 'minimal exposure'

Cathy Yang, ABS-CBN News
Updated as of Sep 11 09:56 PM

SM Prime Holdings has “very few” Philippine Offshore Gaming Operations (POGO) take up, while its residential business has “less than 5 percent” of direct sales to buyers from mainland China, SM Investment Corp president and CEO Frederic DyBuncio said. Read more »

SM grows new ventures, professionalizes after Henry Sy's passing

Cathy Yang, ABS-CBN News
Updated as of Sep 11 04:26 PM

There will be synergies among the nascent ventures and SM's core retail, banking and property arms, while they are unlikely to overtake the main businesses in terms of revenue said SM Investments President and CEO Frederic DyBuncio. Read more »

China scraps foreign invesment cap in stocks, bonds

Agence France-Presse
Posted at Sep 10 11:03 PM

China on Tuesday removed limits on foreign institutions wanting to invest in its stocks and bond markets, as it seeks to attract overseas investment amid a slowing economy and a trade spat with the United States.   Read more »

House OKs changes to Foreign Investments Act

ABS-CBN News
Updated as of Sep 09 09:33 PM

Lawmakers in the lower house of Congress have approved amendments to a law governing foreign investments in the Philippines. Read more »

Policy uncertainties seen as culprit in slowdown of FDI inflows to PH

ABS-CBN News
Updated as of Aug 28 06:08 AM

Both government officials and economists agreed the quick passage of the country's second set of tax reforms would help bring back foreign direct investments. Read more »

Creeping annexation? Lorenzana checking on Chinese investment in key PH isles

ABS-CBN News
Updated as of Aug 09 11:44 AM

Defense Secretary Delfin Lorenzana said Friday he will check any possible security threat from the planned development of 3 islands backed by China. Read more »

Mayor Isko urges tycoons to invest in Manila

ABS-CBN News
Updated as of Jul 29 05:43 PM

Alliance Global CEO and Megaworld Corp's chief strategy office Kevin Tan posted on Instagram his photos with the city Mayor as well as SM Investments vice chairman Teresita Sy-Coson, Ayala Corp chairman and CEO Jaime Augusto Zobel de Ayala during an informal Saturday dinner hosted by former Manila counsilor Kim Atienza. Read more »

Dissecting Data: Philippine economy under Duterte

ABS-CBN News
Posted at Jul 19 04:51 PM

How did the country's economy perform under 3 years of President Rodrigo Duterte in terms of foreign direct investment, gross domestic product growth and employment? Read more »

BSP holds 2019 awards ceremony for stakeholders

ABS-CBN News
Posted at Jul 10 10:57 PM

Philippine Central Bank Governor Benjamin Diokno hints at further cuts to policy rates amid the recent lukewarm economic data. Read more »

FDI net inflows down 11.8 percent in April

ABS-CBN News
Updated as of Jul 10 05:01 PM

The Philippines booked $961 million in net inflows of foreign direct investments in April, down 11.8 percent from the same month a year ago.  Read more »

Property market poised for better second half, analysts say

ABS-CBN News
Posted at Jul 09 09:42 AM

The second half will likely be better than the first 6 months of the year, with investors looking at logistics on top of office space for business process outsourcing, said Rick Santos chair and CEO of Santos Knight Frank. Read more »

Philippines seen attracting more foreign funds on growth prospects

ABS-CBN News
Posted at Jul 08 11:13 AM

The market has yet to price in the prospect of a slower policy easing pace by the US Federal Reserve, following the influx of strong economic data, said Julius Baer managing director Mark Matthews. Read more »

Investments from China ballooned under Duterte term, trade chief claims

ABS-CBN News
Updated as of Jun 28 01:13 PM

Investments coming from China grew about 20 times after President Rodrigo Duterte opted for a friendlier approach to Beijing, a trade official said Friday. Read more »

Financial experts urge Filipinos to scrutinize firms before investing

ABS-CBN News
Posted at Jun 17 11:11 PM

Amid the rise of investment scams, financial experts are advising Filipinos to scrutinize firms first before taking part in any investment scheme to avoid getting duped.  Read more »

Net inflows of foreign direct investments fell in first quarter

ABS-CBN News
Posted at Jun 10 05:35 PM

Net inflows of foreign direct investments (FDI) in the Philippines fell in the first three months of the year, the Bangko Sentral ng Pilipinas said Monday.  Read more »

Investors to get 'superior incentives' with TRABAHO Bill, says Lambino

ABS-CBN News
Updated as of Jun 05 10:55 AM

MANILA - The second package in the Duterte administration's comprehensive tax reform program aims to give superior set of incentives to push investments in the country. Read more »

'Your money is safe': Duterte woos foreign investors, donors in Japan

Arianne Merez, ABS-CBN News
Posted at May 31 07:52 PM

MANILA - President Rodrigo Duterte on Friday assured foreign investors and donors that their money is safe under his administration as he wooed businessmen in Tokyo.   Read more »