investments | ABS-CBN News

Metro Pacific to acquire 34.76 pct of coconut exporter Axelum

ABS-CBN News
Posted at Feb 07 11:24 AM

Metro Pacific said its unit Metro Pacific Agro Ventures Inc would acquire 34.76 percent ownership in Axelum Resources for P5.32 billion. Read more »

'Relaxing rules on foreign investments must be Cha-cha focus'

ABS-CBN News
Posted at Jan 28 12:08 PM

Cagayan de Oro City Rep. Rufus Rodriguez, chair of the House Committee on Constitutional Amendments, is not in favor of 'discussing political amendments'. Read more »

PH's London economic briefing seen to stir interest, attract investments: envoy

ABS-CBN News
Posted at Jan 27 10:34 AM

The recent Philippine Economic Briefing held in London is seen to create more interest in the Philippines for UK-based investors, British Ambassador to the Philippines Laure Beaufils said on Friday. Read more »

Romualdez: US businessmen interested in Maharlika fund

Warren De Guzman, ABS-CBN News
Posted at Jan 24 09:24 PM

Philippine ambassador to the US Jose Manuel Romualdez says American businessmen are interested in the controversial Maharlika Investment Fund. Read more »

Foreign investment cap flagged as key roadblock in Philippines

Warren de Guzman, ABS-CBN News
Posted at Jan 23 10:17 PM

Philippine Economic Managers led by Finance Secretary Ben Diokno pitched the Philippines as a prime investment destination before prospective investors in Germany. Read more »

Marcos Jr.: Sovereign wealth fund being designed to fit PH condition

Job Manahan and Pia Gutierrez, ABS-CBN News
Posted at Jan 21 02:33 PM

The President, who soft launched the Maharlika Investment Fund to world and business leaders during the World Economic Forum in Switzerland, said wealth funds 'operate in a different context of law.' Read more »

9 global firms 'willing to invest' in PH say econ managers

Pia Gutierrez, ABS-CBN News
Posted at Jan 19 03:52 PM

Nine international firms have so far signified interest in either investing or expanding their operations in the Philippines, according to Marcos' economic managers. Read more »

Marcos, Trade Chief Pascual woo Swiss mining firm Glencore in Davos

ABS-CBN News
Posted at Jan 19 12:35 PM

President Ferdinand Bongbong Marcos Jr along with Trade Secretary Alfredo Pascual met with the chief executive of the Swiss multinational company Glencore to discuss potential investments int the Philippnes' mining industry, the Department of Trade and Industry said on Thursday. Read more »

PH books $923 million FDI net inflows in October 2022, up by 6.3 pct

ABS-CBN News
Posted at Jan 11 08:58 AM

The Philippines booked a total of $923 million in foreign direct investment (FDI) net inflows in October, data from the Bangko Sentral ng Pilipinas showed. Read more »

PH, China entering new chapter of ties: Marcos Jr.

Job Manahan, ABS-CBN News
Updated as of Jan 05 09:41 PM

Marcos Jr described China as the country's 'most important partner' despite tensions in the West Philippine Sea. Read more »

Marcos gets $22-B in 'investment pledges' from China

Katrina Domingo, ABS-CBN News
Updated as of Jan 21 03:28 AM

These are investments from new and existing Chinese-owned businesses in the Philippines, Marcos said in a press conference in China. Read more »

European investors give China the cold shoulder

Deutsche Welle
Posted at Jan 04 08:24 AM

European companies in 2023 are not expected to forget Southeast Asia and return their investments to China — despite Beijing shedding its draconian "zero-COVID" restrictions. Read more »

Palace: Marcos' foreign trips bag $23.6-B in pledges

Job Manahan, ABS-CBN News
Updated as of Dec 23 03:20 PM

The pledges cover his trips from Indonesia, Singapore, US, Cambodia, and Thailand, Press Undersecretary Cheloy Garafil said. Read more »

Palace says Unilever, Acciona pledge to invest in PH

ABS-CBN News
Posted at Dec 15 11:47 PM

Philippine President Ferdinand Marcos Jr. is back in Manila after concluding his three-day working visit to Brussels. Read more »

FDI net inflows slip to $626 million in September

ABS-CBN News
Posted at Dec 12 03:04 PM

For September, FDI net inflows hit $ 626 million, which was 7.9 percent lower than the $680 million posted in the same month last year. Read more »

Tax billionaires for Maharlika Investment fund: group

ABS-CBN News
Posted at Dec 05 09:55 AM

Instead of tapping workers' funds for a sovereign wealth fund, why not tax billionaries and use their money for the Maharlika Investment Fund? Read more »

SSS fund life wasn’t considered in Maharlika fund: Salceda

ABS-CBN News
Posted at Dec 02 04:40 PM

Salceda said the national government’s initial contribution of P25 billion and P50 billion every succeeding year is reasonable. Read more »

Foreign Chambers weigh in on proposed sovereign wealth fund

Warren De Guzman, ABS-CBN News
Posted at Dec 01 03:33 PM

Several foreign chambers in the country said on Thursday they were 'monitoring' the progress on the proposed Maharlika Sovereign Wealth Fund. Read more »

Japanese keen on investing in PH renewables: PEZA

Job Manahan, ABS-CBN News
Posted at Nov 17 04:22 PM

Japanese investors are "serious" about investing in the renewable energy and agro-industrial sectors of the country, the head of PEZA said Thursday. Read more »

FDI net inflows dip to $797 million in August: BSP

ABS-CBN News
Posted at Nov 10 04:40 PM

The Philippines booked $797 million in net inflows of foreign direct investments in August, lower by 19.2 percent compared to $987 million in the same period last year. Read more »