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Dominguez bats for Singapore-PH cooperation in startup space, other investments

ABS-CBN News
Posted at Mar 26 05:09 PM

Singapore and Philippines should take advantage of each other's strength to foster opportunities and cooperation in the technology space as start-up companies continue to grow in the region, Finance Secretary Carlos Dominguez III said Friday.   Read more »

Philippines bags P137-B in investment pledges in January-March 2021

John Gabriel Agcaoili, ABS-CBN News
Posted at Mar 25 02:28 AM

MANILA - The Philippines posted P137 billion in investment pledges or approved investments from January to March this year despite the effects of the COVID-19 pandemic, the country's trade chief said Wednesday. Read more »

SM Investments says to acquire majority stake in 2GO

ABS-CBN News
Posted at Mar 19 11:10 AM

SM Investment Corp said Friday 2GO Group Inc would become a subsidiary following an additional acquisition of the majority of outstanding common stock.  Read more »

WATCH: Bea Alonzo gives a glimpse of family farm in Zambales

ABS-CBN News
Posted at Mar 14 01:25 PM

Bea Alonzo gave her followers a glimpse of her farm in Zambales, which she acquired for her family 10 years ago.   Read more »

Dissecting Data: Foreign direct investments fall by a quarter

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Mar 11 02:44 PM

Three straight years of decline in FDI inflows indicate there are other reasons besides the pandemic why money isn’t flowing into a Philippine economy that averaged over 6 percent GDP growth in the years prior to the outbreak.  Read more »

PH shares close in positive territory despite surge in COVID-19 cases, unemployment data

ABS-CBN News
Posted at Mar 09 10:49 PM

Philippine investors appear undaunted by January's unemployment data as the local bourse finishes Tuesday in positive territory. Read more »

Monde Nissin files for up to P63-billion IPO in 'largest ever listing'

Neil Jerome Morales and Anshuman Daga, Reuters
Posted at Mar 04 04:29 PM

Monde Nissin Corp, maker of ubiquitous Lucky Me! instant noodles, on Thursday filed for an up to P63 billion ($1.3 billion) initial public offering (IPO), in what is set to be the country's largest-ever listing. Read more »

Ayala, Sanofi team up to explore health care solutions for diabetes, hypertension

Bruce Rodriguez, ABS-CBN News
Posted at Feb 23 08:04 PM

Ayala's AC Health and pharmaceutical firm Sanofi announced their partnership on Tuesday which aims to explore affordable and accessible treatment solutions for patients with diabetes and hypertension in the Philippines. Read more »

Property market remains ‘viable’ investment: Lamudi

ABS-CBN News
Updated as of Feb 22 11:40 AM

Infrastructure projects that link the provinces to the National Capital Region such as the SkyWay 3 and the Cavite-Laguna Expressway push land value up keeping real estate a "viable" investment option, Lamudi Philippines CEO Kenneth Stern told ANC Read more »

'Roaring Kitty,' MassMutual hit with lawsuit ahead of GameStop hearing

Tom Hals, Reuters
Posted at Feb 18 09:17 PM

The social media persona “Roaring Kitty”, who became a key player in last month’s frenzied rally in shares of GameStop Corp, is facing a lawsuit alleging he violated securities laws and caused “huge losses” for investors, just a day before he is set to testify before U.S. lawmakers. Read more »

Robinhood, hedge fund manager defend Gamestop moves ahead of hearing

Pete Schroeder, Reuters
Posted at Feb 18 09:09 AM

A Wall Street hedge fund manager, the chief executive of Robinhood and a YouTube streamer known as "Roaring Kitty" laid out their defense on Wednesday ahead of a grilling by lawmakers over the Reddit-fueled rally in retailer GameStop Corp. Read more »

Metro Pacific divests from Thailand's Don Muang Tollway

ABS-CBN News
Posted at Feb 17 07:00 PM

Infrastructure giant Metro Pacific Investments Corp (MPIC) sold off its indirect stake in Thailand's Don Muang Tollways for $149.25 million or around P7.2 billion. Read more »

Silver, gold seen sustaining performance for 3-5 more years

ABS-CBN News
Posted at Feb 09 02:44 PM

Precious metals such as silver and gold may continue to perform well for another 3 to 5 years as investors flock to safe haven assets during the pandemic, a dealer said Tuesday.   Read more »

PH hit P1T in investment pledges in 2020 despite pandemic, targets P1.25T in 2021

ABS-CBN News
Updated as of Feb 02 09:25 PM

The Philippines posted P1.02 trillion of approved investments last year despite the impacts of the pandemic, the Board of Investments (BOI) said Tuesday. Read more »

British firms await retail liberalization, Public Services Act to invest in PH

ABS-CBN News
Posted at Jan 25 12:11 PM

British firms are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines, a top official of the British Chamber of Commerce of the Philippines (BCCP) said Monday. Read more »

PEZA says investments to PH down 19 pct, hopes to bounce back to P100-B level

ABS-CBN News
Posted at Jan 22 05:04 PM

The Philippine Economic Zone Authority (PEZA) saw a 19-percent drop in last year's investments to P95 billion, equal to 326 projects, as investors shy away from commitments due to the impacts of the pandemic. Read more »

Financial execs oppose Cha-cha, say gov't must focus on economic recovery

ABS-CBN News
Posted at Jan 18 06:50 PM

The premier group of the country's top financial executives has "strongly opposed" changes to the Constitution through the government's proposed charter change (Cha-cha), as amendments should be limited to economic reforms. Read more »

Exclude land ownership from Cha-cha discussions says Finance chief

ABS-CBN News
Posted at Jan 12 07:01 PM

Land ownership should be left out of discussions on Charter change, Finance Secretary Carlos Dominguez said on Tuesday.  Read more »

Foreign investments down to $423 million in October on resurgence of COVID-19 cases

ABS-CBN News
Posted at Jan 08 05:01 PM

Foreign direct investments to the Philippines reached $423 million net inflows in October, a 24.5-percent drop versus a month ago on increasing COVID-19 cases, the Bangko Sentral ng Pilipinas said on Friday. Read more »

GCash secures $175-million funding from New York-based investors

ABS-CBN News
Posted at Jan 08 03:28 PM

Mobile wallet GCash secured a $175-million investment from New York-based investors led by Bow Wave Capital Management, parent company Globe Fintech Innovations (Mynt) said Friday. Read more »