News

Euro chamber sees potential challenges with TRAIN 2

ABS-CBN News
Posted at Aug 01 04:23 PM

The second package of tax reforms being pushed by the government presents potential challenges to foreign investors in the, the head of the European business lobby said on Wednesday.  Read more »

Ecozone investments rest on tax reform outcome: FPIP boss

Cathy Yang and Jessica Fenol, ABS-CBN News
Updated as of Aug 29 12:21 PM

Companies are looking for "predictability" before investing, said First Philippine Industrial Park director and officer in charge Francis Giles Puno. Read more »

7-Eleven 'investing heavily' in digital, says CEO

Jessica Fenol, ABS-CBN News
Posted at Jul 19 08:14 PM

MANILA - The popular convenience store chain 7-Eleven is "investing heavily" in its digital payment system and e-commerce services, its operator said on Thursday. Read more »

Fitch keeps PH at investment grade, flags 'overheating risks'

ABS-CBN News
Posted at Jul 18 12:41 PM

Fitch said Wednesday affirmed its investment grade rating on the Philippines, as it warned of "overheating risks" to the economy. Read more »

Ecozone authority seeks power to grant incentives

Warren de Guzman, ABS-CBN News
Updated as of Jul 16 05:05 PM

The Philippine Economic Zone Authority should be given the power to grant incentives, instead of being placed under a new agency under the second package of tax reforms. Read more »

Manila urged to explain TRAIN 2 more to foreign investors

ABS-CBN News
Posted at Jul 16 10:38 AM

Foreign investors will be "more positive" on the Philippines if the correct message on taxes is relayed, said KRA Group head of business advisory Gerald Tan. Read more »

BSP: Foreign portfolio investments fall on quicker inflation, weak peso

ABS-CBN News
Updated as of Jul 13 08:52 AM

MANILA - Foreign portfolio investments fell in June amid investor concerns on inflation and the further weakening of the peso, and after the U.S. Federal Reserve moved to raise interest rates, the Bangko Sentral ng Pilipinas (BSP) said Thursday. Read more »

PH seen as 'one of the best' in SE Asia for foreign investments

ABS-CBN News
Posted at Jul 12 05:58 PM

The Philippines is one of the best countries in Southeast Asia for foreign investors who are planning to move their operations in the region, the CEO of an electronics manufacturing firm said on Thursday. Read more »

Firm converts waste to enterprise, seeks partners

ABS-CBN News
Posted at Jun 22 05:03 PM

Garbage can be converted to aviation-grade fuel, one of the providers of the technology said Friday. Read more »

Growing Chinese investments stir concerns, analyst says

ABS-CBN News
Posted at Jun 22 04:56 PM

Growing Chinese investments are a concern because they may be tied to politics, a market consultant said Friday. Read more »

PSEi fails to sustain post-BSP rate hike gains

ABS-CBN News
Posted at Jun 22 01:09 AM

Philippine shares sink further into bear market territory as the rate hike from the Bangko Sentral ng Pilipinas fails to uplift local investor sentiment. Read more »

Concom taps Congress to lift foreign equity limits in new charter

Christian V. Esguerra, ABS-CBN News
Updated as of Jun 21 01:18 PM

The new federal constitution drafted by Malacañang’s consultative committee will allow Congress to pass a law liberalizing the Philippine economy to attract more foreign investments, its chairman said Thursday. Read more »

Malaysia could extend tax breaks for key foreign investors: Mahathir

A. Ananthalakshmi, Emily Chow and Kevin Krolicki, Reuters
Posted at Jun 20 11:59 AM

Mahathir's comments could reassure investors in Southeast Asia's third biggest economy after he started a review of major projects sanctioned by former premier Najib Razak. Read more »

PSEi drops to lowest since April 2017; peso losing streak continues

ABS-CBN News
Posted at Jun 19 12:07 AM

The peso also suffered its longest losing streak against the dollar in 10 months. Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Posted at Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

Malaysia power shift hits China infrastructure drive

Sam Reeves, Agence France-Presse
Posted at Jun 17 12:49 PM

Malaysia was once a loyal partner in China's globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative. Read more »

Weak peso to attract more investors, tourists: analyst

ABS-CBN News
Posted at Jun 15 12:15 AM

The country's tourism sector may get a boost from the plunging local currency, but Filipino travelers may have to shell out more.  Read more »

PH a 'hard sell' to foreign investors: European business group

ABS-CBN News
Posted at Jun 13 04:43 PM

The Philippines is currently a "hard sell" to foreign investors as the country reviews corporate income taxes and incentives, the head of a European trade group said on Wednesday. Read more »

FDI net inflows up 43.5 pct in first quarter

ABS-CBN News
Posted at Jun 11 07:52 PM

This brought the total FDI net inflow in the first three months of the year to $2.2 billion. Read more »

Foreign investment pledges fall 38% in Q1

ABS-CBN News
Posted at Jun 08 01:01 AM

Foreign investments pledges dropped in the first quarter of the year just as government readies the second tax reform package, which could rationalize fiscal incentives.  Read more »