News Articles on {?keyword?} | ABS-CBN News

PH books $627-M balance of payments surplus in March

ABS-CBN News
Posted at Apr 17 04:25 PM

The Philippines booked a balance of payments (BOP) surplus of $627 million in March 2019, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Philippines remains attractive for foreign investors, British trade group says

ABS-CBN News
Posted at Apr 17 03:54 PM

The Philippines remains attractive to foreign investors as businesses are looking at “new growth prospects” in Southeast Asia, British Chamber of Commerce Philippines chairman Chris Nelsonon said Wednesday. Read more »

FDI net inflows lower in January

ABS-CBN News
Posted at Apr 10 03:28 PM

The Philippines booked $609 million in net inflows of foreign direct investments (FDI) in January, down 38.2 percent from the same month last year, according to central bank data. Read more »

Distrust of China is 'misplaced,' says Filipino-Chinese business group

ABS-CBN News
Updated as of Apr 08 09:29 AM

The new head of the Federation of Filipino-Chinese Chambers of Commerce and Industry sees nothing wrong with loans from China, as long as these are spend on infrastructure. Read more »

Told US security at risk, Chinese firm seeks to sell Grindr dating app

Carl O'Donnell, Liana B. Baker and Echo Wang, Reuters
Posted at Mar 28 09:49 AM

The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk, the two sources said. Read more »

Piñol, ibinida produktong Pilipinas sa Russia

Niel Caburnay Tero, ABS-CBN News
Updated as of Mar 26 08:50 PM

MOSCOW, Russia - Kumpiyansa si Agriculture Secretary Emmanuel Piñol na malaking tulong sa sektor ng agrikultura ng Pilipinas kung makapagbubukas ito ng bagong market sa Europa.  Read more »

PH shares join Asia downturn over US recession fears

ABS-CBN News
Updated as of Mar 26 01:24 AM

Asian markets sunk as global growth jitters spread in the region. The Philippine Stock Exchange index fell, but instead of selling shares, one analyst said investors may want to take this opportunity. Read more »

Diokno on decline in FDI inflows: 'Nothing to worry about'

Cathy Yang, ABS-CBN News
Posted at Mar 12 11:45 AM

At $9.8 billion, net FDI inflows in 2018 are still close to the $10.3 billion posted in the previous year and twice the annual levels under previous governments, Diokno said. Read more »

FDI net inflows down 4.8 pct in December

ABS-CBN News
Updated as of Mar 11 07:53 PM

The Bangko Sentral ng Pilipinas said net inflows of foreign direct investments (FDI) reached $677 million in December last year, which was lower by 4.8 percent compared to the previous period.  Read more »

SM Investments net income up to P37.1 billion in 2018

ABS-CBN News
Posted at Feb 28 12:54 PM

The holding firm of the late tycoon Henry Sy said its property, mall and banking businesses all grew in 2018 compared to the previous year. Read more »

Press freedom 'very important' for foreign investors, British trade envoy says

Cathy Yang, ABS-CBN News
Updated as of Feb 21 04:20 PM

Although press freedom in the Philippines appears “to be under some pressure,” the government is successful in reassuring foreign investors in terms of upholding the rule of law, he said. Read more »

Filipino investors in UK poised for more success despite Brexit: envoy

Cathy Yang, ABS-CBN News
Updated as of Feb 21 04:19 PM

Filipino fastfood giant Jollibee, which opened in London in October last year, plans to open another 20 to 25 stores across the country, trade envoy Richard Graham said in an exclusive interview with ANC’s The Boss. Read more »

Are private equity firms growing a social conscience?

Sarah Shearman, Thomson Reuters Foundation
Posted at Feb 20 08:17 AM

The survey by consulting firm PwC found a growing cohort of these financiers, called private equity firms, have embraced this ethical investment strategy, known as responsible investing or environmental, social and governance (ESG) investing. Read more »

FDI net inflows down 45.9 pct in November

ABS-CBN News
Updated as of Feb 11 11:58 PM

The Bangko Sentral ng Pilipinas said the decline was due largely to the drop in net investments in debt instruments. Read more »

Mobius eyes investments in 'excellent' Philippines

ABS-CBN News
Posted at Feb 08 09:41 AM

The Philippines has "tremendous growth prospects" with a steady stream of dollar remittances from overseas workers fueling domestic consumption, said Mobius, whose Mobius Capital Partners manages $50 million in emerging market assets. Read more »

For P50, GCash offers cheap, easy investing

Jessica Fenol, ABS-CBN News
Updated as of Feb 08 10:36 AM

GCash Invest Money was developed to encourage beginners who found investing difficult and “intimidating,” GCash product head for Invest Money Izza Castelo told ABS-CBN News.  Read more »

Hanjin in talks with 'several' white knights for rescue: SBMA chief

ABS-CBN News
Updated as of Feb 06 09:56 AM

From 3,000 workers, Hanjin could be forced to keep just 300 when the last of 2 ongoing projects is finished and it fails to secure funding for further orders, said Subic Bay Metropolitan Authority Chairperson Wilma Eisma. Read more »

PH finance official allays concerns of Nordic investors on 'TRABAHO' bill

ABS-CBN News
Posted at Jan 31 11:44 PM

Nordic investors welcomed a Philippine finance official's clarification on the country's plan to rationalize fiscal incentives. Read more »

Indonesia's Pertamina eyes $1-B investment in PH gas industry: DTI

ABS-CBN News
Posted at Jan 30 08:40 PM

Indonesia's PT Pertamina is planning to invest around US$1 billion in the Philippines, the Department of Trade and Industry (DTI) chief said Wednesday. Read more »

Henry Sy, billionaire trailblazer of PH mall culture, laid to rest

ABS-CBN News
Updated as of Jan 24 06:37 PM

Henry Sy Sr., once hailed the Philippines' richest man, was laid to rest Thursday, leaving behind a billion-dollar empire that spans retail, banking and property. Read more »