Aquino says investors lining up for PH
By Doris C. Dumlao
Gone are the days when the Philippines had to beg for investments. Now, investors are lining up to ride on the country’s economic momentum, President Aquino said here on Saturday.
Gone are the days when the Philippines had to beg for investments. Now, investors are lining up to ride on the country’s economic momentum, President Aquino said here on Saturday.
By coming to the World Economic Forum for the first time, President Aquino is seeking more investors and tourists to come to the Philippines in order to create more jobs and sustain the country’s economic momentum beyond his term as chief of state.
From overseas Filipino workers to entrepreneurs. Many OFWs have started to believe there are better opportunities beyond overseas work as more than 3,700 returning OFWs, including those who were repatriated from troubled countries, have ventured into business in 2012, according to the Department of Labor and Employment.
Universal Entertainment Corp. of Japanese businessman Kazuo Okada on Tuesday assailed the coverage of an international news agency on the alleged bribes paid by the gaming firm to a former consultant of state-owned Philippine Amusement and Gaming Corp. (Pagcor).
Buoyed by the positive outlook arising from the initial peace agreement signed with the Moro Islamic Liberation Front (MILF), the government held the first-ever Mindanao Business Networking Forum in Kuala Lumpur, Malaysia, to attract investors to Mindanao and hasten the development of the region.
Gold sellers are actually paying less taxes than they should, according to chief revenue commissioner Kim Henares.
The Philippines is a “hugely exciting” market where the United Kingdom is keen on boosting reciprocal investment.
Flag carrier Philippine Airlines (PAL) is dropping its flights to the so-called “sin city” of Las Vegas in the United States starting December as the company continues to realign operations to eliminate unprofitable routes.
Retailer Penshoppe has gained a foothold in Southeast Asia’s most populous market, Indonesia, as part of its road map for global expansion via the franchising mode.
The Association of Southeast Asian Nations has implemented about three quarters of the blueprint for the establishment of the Asean Economic Community (AEC), with a little over two years left until the self-imposed deadline by the end of 2015.
On a scale of 1 to 7—with 1 being extremely underdeveloped and 7 extensive and efficient by global standards—roads in the Philippines scored a low 3.1 in the 2012 Global Competitiveness Report of the World Economic Forum, according to the Department of Public Works and Highways.
A Subic Bay Metropolitan Authority (SBMA) official has been suspended for using the name of Senate President Juan Ponce Enrile to allegedly pressure a colleague to help process the release of a shipment of Indian rice despite the lack of documents.
