MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual on Monday said his agency’s recent three-week European trip for an investment roadshow has fetched prospects amounting to PHP73 billion. In a briefing with trade reporters in Makati City, Pascual said these positive investment leads came from 16 projects out of 48 that were conveyed…
Bangko Sentral ng Pilipinas (BSP) records show that the Philippines’ foreign direct investments (FDIs) inflow has risen anew to US$876 million in April this year. The figure is higher than the US$548 million FDI net inflows last March but 14.1 percent lower than US$1 billion net inflows last year.The bulk of the investments amounting to US$663 million are placements in debt instruments. BSP records also show…
The Philippine Economic Zone Authority (PEZA) on Monday has approved projects costing P198.8 billion during the first year of the Marcos administration. In its recent report, PEZA said these investment pledges came from 206 projects that registered with the agency from July 2022 to June 2023. Of the 206 projects, 11 were big-ticket ones with capital of at least P1 billion….
In Photo (From Right to Left): Rafael G. Ayuste Jr., Senior Vice President and Head of BDO Trust received BDO’s Gold Award for Investment Fund Company in the 2023 Reader’s Digest Trusted Brand Awards from Sheron White, Advertising and Retail Director of Reader’s Digest. BDO Unibank also won another Gold for Personal/Consumer Loans and Platinum…
The World Bank has recently approved a US$750 million development policy loan (DPL) for the Philippines to help boost its environmental protection and climate resilience. In a statement, the World Bank said the Philippines’ First Sustainable Recovery Development Policy Loan supports ongoing reforms to attract private investment in renewable energy; enhance plastic waste management through reduction, recovery, and recycling; promote green transport,…
The Asian Development Bank (ADB) remains committed to assist the Philippines in rolling out initiatives for clean energy transition. At the sidelines of the Asia Clean Energy Forum (ACEF) 2023 at the ADB headquarters Wednesday, ADB Principal Energy Specialist David Elzinga said the institution is currently doing a feasibility study for the Philippines under the…
The Department of Trade and Industry (DTI) has highlighted the crucial role the Regional Comprehensive Economic Partnership (RCEP) plays to hit the Marcos administration’s export targets this year. Recently, the Export Development Council (EDC) launched the Philippine Export Development Plan (PEDP) 2023-2028, which aims to nearly double the country’s export revenues over the next five years. “RCEP utilization is…
Landbank of the Philippines (Landbank) president and chief executive officer Lynette Ortiz has welcomed Fitch Rating Inc.’s improved outlook on Land Bank which she referred to as “ä vote of confidence for the bank’s robust financial stability and resilience to withstand external and domestic economic headwinds.” Credit ratings agency Fitch Ratings, Inc., in a report released on May…
Leaders of the country’s three most influential business groups have recognized inroads made by the government in easing price pressures. Their sighs of relief came when the Bangko Sentral ng Pilipinas (BSP) reported that headline inflation decelerated further to 6.1 percent year-on-year in May from 6.6% in April. Francis Chua, chair emeritus of the Philippine Chamber…
AF Payments, Inc., ย the operator of the beep card, is pleased to announce the successful launch of Mayaโs and Light Rail Manila Corporationโs (LRMC) QR payment system in LRT1. This new and convenient payment optionโwhich is enabled by beepโs technologyโwas warmly received by the train commuters, who can now effortlessly purchase QR codes through their smart phones.
