The peso strengthened back to the 40-to-a-dollar territory Friday to hit its highest finish in four weeks as financial markets cheered the decision of Standard & Poor’s to give the Philippines an investment-grade rating.
Despite the glowing statistics on the economy, the Philippines should push harder to improve the country’s investment climate as it continues to lag behind neighbors in Asia, a Japanese diplomat said here.
Charoen Pokphand Foods Philippine Corp. (CPF) on Wednesday defended the tax incentives it receives from the government, claiming that its current production is hardly making a dent in the local livestock industry.
President Aquino said sustaining the economic growth achieved in 2012 would be among the serious challenges his administration would face in the next three years.
The crisis mood is gone, but that doesn’t mean you can slip back into your old ways—that’s the message from top international finance officials wrapping up the World Economic Forum here.
President Aquino on Friday wrapped up his World Economic Forum (WEF) debut performance with a new stream of prospective institutional investors, new projects with existing investors, and a deal for the Philippines to host the WEF’s East Asia summit next year.
The Philippines is well poised to profit from Japan Prime Minister Shinzo Abe’s move to steer clear of China and move to Southeast Asia for capital expansion.
The property landscape in the Philippines this year can be described as rugged, filled with highs and lows, which makes the industry twice as interesting both from observers’ and players’ standpoints. Here are the 12 most notable “features” of this landscape.
LIKE any grizzled veteran watching from the sidelines, Gabriel Singson loves telling “war stories,” chuckling as he shares inside jokes and anecdotes from his long years in government service.
The Philippines’ chief economist expects to see a more vibrant industry sector in 2013 as the government focuses on key industries and strives to ease the processes and costs in doing business. “Our key priority sectors, namely tourism, business process outsourcing or BPO, electronics, housing and real estate, agribusiness and forest-based products, logistics and shipbuilding, [...]
The Bangko Sentral ng Pilipinas has expressed optimism that foreign direct investments will increase in 2013, citing the country’s improving macroeconomic fundamentals and prospects of an upgrade in its credit rating. “We are quite optimistic about FDIs due to reports by investment promotion agencies on interest among foreign firms to relocate to the Philippines or [...]
Those of us who are advocating for a freer foreign investment regime should celebrate the first victory: The leaders of both the Senate and the House of Representatives are convinced that the very restrictive economic provisions against foreign investments in the Philippine Constitution should be amended. There is hope that the legislative process of amendment through Charter change (Cha-cha) can happen during the 2013-2016 term of Congress.
