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Coca-Cola says additional P1.1 billion investment 'vote of confidence' in PH

Jessica Fenol, ABS-CBN News
Updated as of Aug 27 02:52 PM

Coca-Cola Beverages Philippines Inc said Thursday its additional investment of P1.1 billion in the Philippines for 2020 despite the on-going pandemic is a "vote of confidence" in the country and its workers.   Read more »

Football: PSG, a club transformed, allow Qatar to bask in limelight of Champions League final

Andy Scott and Gregory Walton, Agence France-Presse
Posted at Aug 22 03:11 PM

If Paris Saint-Germain beat Bayern Munich in Sunday's Champions League final in Lisbon, the pictures will probably be of Neymar's tears of joy or wild scenes of celebration in the French capital, but basking in the glory of it all will be the Emir of Qatar.   Read more »

Some European firms in PH holding off expansion plans, new investments: study

Willard Cheng ABS-CBN News
Posted at Aug 13 06:21 PM

European companies operating in the Philippines are putting expansion plans on hold, with some withdrawing altogether new investments, a study released Thursday showed as the coronavirus pandemic impact operations. Read more »

Metro Pacific says cash pile cushioning impact of pandemic as income falls

ABS-CBN News
Posted at Aug 05 09:06 PM

Metro Pacific Investments Corp on Wednesday said it has enough cash to cushion itself from the impact of the COVID-19 pandemic even as its net income fell sharply in the first half.  Read more »

SM Investments says H1 net income down 69 percent, within expectations

ABS-CBN News
Posted at Aug 05 03:49 PM

SMIC’s retail, property and banking businesses all saw sharp declines in their incomes as the COVID-19 pandemic and the ensuing lockdowns sapped sales.  Read more »

Megaworld launches digital technology arm, invests in new delivery app PICK.A.ROO

ABS-CBN News
Posted at Aug 05 03:17 PM

Megaworld Corp said Wednesday it is venturing into digital technology investments to cater to shifting consumer behavior. Read more »

BSP says foreign portfolio investments yield net outflows in June

ABS-CBN News
Posted at Jul 30 12:00 PM

The Bangko Sentral ng Pilipinas said Thursday registered foreign portfolio investment yielded outflows in June. Read more »

Duterte asked: Where's pandemic roadmap in SONA?

Christian V. Esguerra, ABS-CBN News
Updated as of Jul 28 03:13 AM

President Rodrigo Duterte addressed Filipinos on Monday seeking to rally a nation battered by a raging pandemic but laid down no detailed roadmap for the country’s post-COVID-19 future, critics and analysts said. 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 »

ANALYSIS: FDI and remittance flows into the Philippines are drying up

Warren de Guzman and Edson Guido, ABS-CBN Data Analytics
Updated as of Jul 22 07:09 PM

Foreign direct investment inflows into the Philippines are drying up at a fast pace, as remittances from overseas Filipinos also decline. Can we still expect a quick and robust economic recovery? Read more »

Foreign investments drop in January-June, but total figure 'more than doubles': BOI

ABS-CBN News
Posted at Jul 13 05:36 PM

The Board of Investments on Monday said approved foreign investments dropped to P18.6 billion in January - June this year, a 73 percent drop from P68.9 billion it registered in the same period last year. Read more »

ABS-CBN shutdown 'highly politicized,' to weigh on foreign investments: Fitch Solutions

ABS-CBN News
Updated as of Jul 08 04:16 PM

MANILA — The “forceful termination” of multimedia giant ABS-CBN Corp and part of the services of its unit, Sky Cable, will weigh on the country’s ability to lure foreign investors, noting the decision was “highly politicized,” a report by Fitch Solutions said on Wednesday. Read more »

Vatican urges Catholics to drop investments in fossil fuels, arms

Philip Pullella, Reuters
Posted at Jun 18 06:11 PM

The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment. Read more »

Virus crisis torpedoes foreign investment: UN

Agence France-Presse
Posted at Jun 16 02:15 PM

Global foreign direct investment flows are likely to plunge by 40 percent this year due to the coronavirus crisis, the UN said Tuesday, with worse expected in 2021.   Read more »

France unveils 15B euros support plan for aerospace industry

ABS-CBN News
Posted at Jun 09 04:45 PM

France on Tuesday unveiled what it described as a 15-billion-euro (P845 billion) support package for its aerospace industry, saying huge numbers of jobs were at stake amid a slump in air travel demand due to the coronavirus crisis. Read more »

PH fails to 'get biggest chunk' of investments fleeing China due to infra lack: DTI

Katrina Domingo, ABS-CBN News
Posted at May 22 05:52 AM

The Philippines is "not getting the biggest chunk" of investments fleeing from coronavirus-epicenter China due to the country's lack of infrastructure, Trade Secretary Ramon Lopez said Thursday. Read more »

PEZA seeks 'status quo' on incentives as COVID disrupts supply chain

ABS-CBN News
Updated as of May 20 10:06 AM

Half of raw materials used in economic zones are sourced from China, where the virus was first reported, Philippine Economic Zone Authority Director General Charito Plaza said. Read more »

PH needs to 'reduce taxes', 'settle policy' to benefit from investor exodus from China: Angara, Marcos

Katrina Domingo, ABS-CBN News
Posted at Apr 30 07:46 PM

The Philippines must "settle" its policies on businesses to tame uncertainties and attract coronavirus-worried investors who are exiting China to relocate to the Philippines, at least 2 senators said Thursday as the global pandemic continued to take a toll on the world economy. Read more »

Simple ways to grow your money while on lockdown

Moneymax.ph
Posted at Apr 17 06:53 PM

Many of the Philippines’ biggest corporations are now mapping out procedures to determine which of their employees can and cannot return to work when more businesses are allowed to operate. Read more »

Voyager Innovations raises $120 million additional funding for PayMaya expansions

ABS-CBN News
Posted at Apr 06 06:20 PM

Its stakeholders PLDT Inc, KRR, China's Tencent, IFC and IFC Emerging Asia Fund committed up to $120 million new investments in Voyager, operator of PayMaya, the groups said in a joint statement.  Read more »