MANILA, Philippines — Indonesian firm JSK Gas Corp. is looking to invest in the liquefied natural gas (LNG) sector in the Philippines that would replace diesel-fired power plants in off-grid areas. The company has formed JSKLNG Holding Phils. Inc. to pursue its LNG investments in the country. In an interview, JSKLNG director Richard Moon said […]
Read MoreMANILA, Philippines — Middle East retail giant LuLu is set to make its foray into the Philippine market, seeking to enter the very competitive mall and supermarket landscape, and make the country its sourcing hub in the region. Philippine Economic Zone Authority (PEZA) director general Charito Plaza said officials from the LuLu group were in […]
Read MoreMANILA, Philippines — Exports extended their growth trajectory for the ninth consecutive month in August, driven by double-digit growth in shipments to ASEAN, EU and other Asian trade partners, the Philippine Statistics Authority (PSA) said yesterday. In its report on the country’s trade balance, PSA said exports rose 9.3 percent to $5.51 billion during the […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has retained the Philippines’ economic growth target at 6.6 percent for this year. “We see continued robust domestic demand driven by investment and consumption, and fiscal policy is supportive of growth. Hence no change to our forecast,” IMF resident representative Yongzheng Yang said. For 2018, however, the […]
Read MoreMANILA, Philippines — The Philippines’ policies for migrant workers could serve as a model for other countries, particularly in Southeast Asia, according to a report published by the World Bank. In its report titled “Migrating to Opportunity” released Monday, the World Bank noted that the Philippines, as a sending country, has a good example of a migration system […]
Read MoreNet FDI inflow retreats 16.5% in first 7 months MANILA, Philippines — The net inflow of foreign direct investments (FDI) plunged to a one-year low in July due mainly to lower investments in debt instruments or lending by parent firms from abroad to their local affiliates to fund existing operations and expansion, according to the […]
Read More
Thailand
