Swiss roadshow generates $24.7M in investment commitments
THE Philippines obtained an initial $24.7 million in investment commitments during a recent Swiss roadshow, the Board of Investments (BoI) said.
In a statement on...
Think tank urges more focus on domestic industry, agri; skeptical about FDI impact
THE PHILIPPINES must focus on developing its own agriculture and industry and de-emphasize the pursuit of foreign direct investment (FDI), a progressive-leaning think tank...
Taxing a sovereign wealth fund
By Marion D. Castañeda
In December, the House of Representatives passed on third and final reading House Bill No. 6608, or the proposed Maharlika Investment Fund Act. If...
Marcos says red tape tops foreign investor concerns
PRESIDENT Ferdinand R. Marcos, Jr. cited red tape and power costs as the top issues raised by foreign investors.
Responding to a question from a...
Visitor arrivals expected to approach pre-pandemic levels in 2023
THE Philippine Travel Agencies Association (PTAA) is expecting international visitor arrivals in 2023 to approach pre-pandemic levels if no further global disruptions materialize.
Michelle G....
US touts possible role in PHL nuclear transition
US AMBASSADOR Mary Kay L. Carlson said Washington is moving forward with talks that would unlock US assistance for the Philippines’ transition to nuclear...
Net metering proposed to address rising power prices
THE Energy Regulatory Commission (ERC) said on Tuesday that the aggressive implementation of a net metering program will help insulate customers from rising electricity...
Feed millers bat for corn industry modernization
THE Philippine Association of Feed Millers, Inc. (PAFMI) said the government needs to modernize the corn industry in light of increasing demand for animal...
Agencies’ budget utilization rate rises to 98% in 2022
THE cash utilization rate posted by government agencies hit 98% at the end of December, the Department of Budget and Management (DBM) said.
In a...
Births, deaths decline in nine months to September
REGISTERED births and deaths declined 20.6% and 38.6% year on year respectively in the nine months to September, the Philippine Statistics Authority (PSA) said...
FPI says gov’t agrees to investigate claims palm olein being used in fuel blend
THE Federation of Philippine Industries (FPI) said the government has agreed to a request by the federation to look into allegations that imported palm...
Senate minority says Maharlika must benefit public, not investors
SENATE Minority Leader Aquilino Martin D. Pimentel III expressed doubts on Monday about private investment in the proposed sovereign wealth fund, saying that the...