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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 »

Real estate still 'best asset' to hold amid pandemic: property specialist

ABS-CBN News
Updated as of Jan 08 02:19 PM

Property prices in the Philippines have gone up, or at least held their ground since the coronavirus hit, a property specialist told ANC's Market Edge on Thursday. Read more »

PH books $227-M 'hot money' net inflows in November

ABS-CBN News
Posted at Dec 28 07:23 PM

The Philippines booked $227 million in net inflows of foreign portfolio investments or "hot money" in November, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Meralco PowerGen absorbs, buys out 100 pct of Global Business Power

ABS-CBN News
Posted at Dec 23 04:48 PM

Meralco PowerGen Corp (MGen), the power generation firm of Meralco, acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. Read more »

Investing Pinoys raise BPI's managed assets to P1-T mark

ABS-CBN News
Posted at Dec 18 12:28 PM

Bank of the Philippine Islands (BPI) said Friday it hit P1 trillion in assets under management (AUM) as more Filipinos invest in trust funds and other investment instruments to preserve wealth amid the pandemic. Read more »

British Chamber sees challenges for PH economy until first half of 2021

ABS-CBN News
Posted at Dec 15 01:37 PM

The British Chamber of Commerce Philippines (BCCP) plans ahead to attract foreign investors next year despite seeing continued challenges for the Philippine economy until the first half of next year, a chamber head said Tuesday. Read more »

Metro Pacific, partner acquire largest petroleum import terminal in PH

ABS-CBN News
Updated as of Dec 09 12:53 PM

Metro Pacific Investments Corp on Wednesday said it will acquire Philippine Coastal Storage & Pipeline Corp (PCSPC), the largest petroleum products import terminal in the country as it diversifies its portfolio and invest in new revenue streams. Read more »

Manila Water, partners ink deal to manage, operate Saudi Arabia water utility

ABS-CBN News
Posted at Dec 04 11:49 AM

Manila Water and its international partners inked a 7-year deal to "manage, operate and maintain" the water and wastewater facilities of Saudi Arabia's North West Cluster, the company told the stock exchange on Friday. Read more »

Dyson hiring 400 software engineers in PH for new hub in Muntinlupa

ABS-CBN News
Posted at Nov 27 01:17 PM

British technology firm Dyson, known for its "bagless vacuum cleaner" on Friday said they are in need of 400 highly-skilled engineers for a new dedicated software hub to rise in Alabang, Muntinlupa City. Read more »

Dyson to invest $3.7 billion to double product range by 2025

Paul Sandle, Reuters
Posted at Nov 27 11:01 AM

Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home. Read more »

'Hot money' yields $439-M net inflows in October: BSP

ABS-CBN News
Posted at Nov 26 02:26 PM

Hot money posted net inflows in October, reversing 7 consecutive months of outflows, the Bangko Sentral said in a statement. Read more »

PH economy seen recovering 'almost instantly' with 'investor friendly' reforms

ABS-CBN News
Posted at Nov 23 11:15 AM

The Philippine economy is poised to bounce back faster and catch up with Vietnam's post-pandemic growth should the government rally for investor-friendly reforms and push for more exports in the country, two chamber of commerce heads told the ANC on Monday.   Read more »

Buffett's Berkshire bets on Big Pharma, invests in four drugmakers

Jonathan Stempel, Reuters
Updated as of Nov 17 08:19 AM

Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in the stocks of four large drugmakers, betting on an industry that could benefit when the world begins emerging from the coronavirus pandemic.?   Read more »

Philippine mall titan accelerates shift to ‘omni-channel’ sales

South China Morning Post by Bloomberg
Posted at Nov 16 12:36 PM

Sales of tenants in SM’s malls will be back to 2019’s level by the third quarter of next year, a top executive predicts. SM has 75 shopping centers in the Philippines and eight in China, and plans to add five more in 2021. Read more »

Foreign direct investments hit $637-M in August, up for fourth straight month

ABS-CBN News
Posted at Nov 11 12:30 PM

The Philippines booked a $637 million net inflow of foreign direct investments (FDI) in August, which was 46.9 percent higher compared to the same month last year, the Bangko Sentral ng Pilipinas said on Wednesday.    Read more »

Metro Pacific income down in Jan- Sept period, eyes recovery in 2022

ABS-CBN News
Posted at Nov 04 09:38 PM

Metro Pacific Investments Corp said revenues and profits should bounce back to 2019 levels by 2022. Read more »

SM Investments net income down 54 pct in Jan-Sept period as pandemic bites

ABS-CBN News
Posted at Nov 04 04:06 PM

SM Investments Corporation (SMIC) booked a net income of P15.2 billion in the January to September period, lower by 54 percent from P33.1 billion it posted in the same period last year, the company disclosed to the stock exchange Tuesday. Read more »

BDO says trust unit reaches P1-T milestone in managed assets

ABS-CBN News
Posted at Nov 03 01:08 PM

BDO Unibank's Trust Group reached the P1 trillion milestone for assets under management due to the strong take-up of its unit investment trust funds (UITFs), the bank said on Tuesday.   Read more »