The mining industry suffered a P10.4-billion foreign direct investment (FDI) outflow last year due to the suspended issuance of mining permits by the Department of Environment and Natural Resources (DENR) for more than a year and uncertainties in the mining policy that will have shaped the industry’s development under the Aquino administration. Read the rest of this entry »
P10.4-B Investments fled in 2011
April 16, 2012
PH has fourth ‘most optimistic’ business leaders in world–study
April 10, 2012
MANILA, Philippines — The Philippines has the fourth “most optimistic” community of business leaders in the world as strides taken in easing the cost of doing business likely negated other concerns like the tension between the Executive and Judicial branches of government. Read the rest of this entry »
Counting chickens
March 28, 2012
President Aquino III expressed his intention to revive Philippine manufacturing. That’s welcome news. But instead of counting chickens before they’re hatched, he should focus on fixing the things that need to be fixed to make the Philippines an attractive place for foreign and domestic manufacturers. The to-do list is quite formidable, however. Read the rest of this entry »
Palace agrees with World Bank report
March 21, 2012
MANILA, Philippines— Malacañang admitted on Tuesday the continued existence of factors—high cost of electricity and insufficient loans for small businesses among them—that the World Bank recently said were preventing poor Filipinos from benefiting from the country’s economic growth. Read the rest of this entry »
Reform pace faulted by WTO
March 20, 2012
THE PHILIPPINES has been told to hasten reforms related to investment restrictions and complex business licensing, the World Trade Organization (WTO) said in report, with slow action seen to have kept the economy operating “below potential.”
WTO Director-General Pascal Lamy, however, noted that the country had made “important” improvements. Read the rest of this entry »
Foreign investment pledges surge 249%
March 19, 2012
Thai firm’s P2.2-B project tops February list
Thailand ranked highest among the Philippines’ top investors for February 2012 with Thailand’s Charoen Pokphand Foods Phils. Corp.’s (CP Foods) aqua feed production project in Bataan, according to the Board of Investments. Read the rest of this entry »
Foreign investments hit P256B in ’11
March 13, 2012
MANILA, Philippines – Total foreign direct investments (FDI) totaled P256.1 billion last year, the highest amount of investment pledges recorded since 1996, the National Statistical Coordination Board (NSCB) reported yesterday. Read the rest of this entry »
Increased Japanese investments seen
March 6, 2012
MANILA, Philippines – Manabat Sanagustin & Co. (MS&Co.), one of the leading auditing and advisory firms in the country and an independent member firm of KPMG International Cooperative, believes the Philippines can expect a strong flow of Japanese investments this year as the country continues to emerge as an ideal investment hub and a potential relocation site of Japanese companies. Read the rest of this entry »
DOF seeks rationalization of investments promotion bodies
February 20, 2012
MANILA, Philippines – The Department of Finance wants to limit the incentives given to foreign and local investors by rationalizing the incentive-granting bodies of government such as the Philippine Economic Zone Authority (PEZA) and the Board of Investments (BOI). Read the rest of this entry »
DoF seeks limited perks
February 20, 2012
The Finance Department plans to put an end to the “unlimited” fiscal incentives and other perks enjoyed by the Philippine Economic Zone Authority locators by putting in a so-called sunset provision in the pending fiscal incentives bill in the Senate. Read the rest of this entry »
