The Philippines is looking forward to increased foreign investments in the wake of high-level roadshows promoting opportunities in the country. “We hope to benefit from the transfers of technology that invariably tracks investment flows,” Finance Secretary Carlos Dominguez was quoted as saying by the Finance department during Tuesday’s Philippine Economic Briefing in Tokyo. A second […]
Read MoreMANILA, Philippines — The Philippines finds the benefits of the Trans-Pacific Partnership (TPP) too hard to resist even without the US, citing it as the reason for the country’s recent revival of interest in joining the mega-trade deal. The country has had a change of hearts recently about joining the deal after deciding to shelve […]
Read MoreThe Philippines and Singapore have agreed to partner on liquefied natural gas (LNG) and electric vehicle initiatives, a senior Energy department official said. Phillippine Energy Secretary Alfonso Cusi and Singaporean Minister for Trade and Industry S. Iswaran have assigned point persons to collaborate and coordinate for further exchanges, Energy Undersecretary Felix Fuentebella said in a […]
Read MoreMacroeconomic stability could be threatened by the Philippines’ record low interest rates, a Fitch Group unit warned. “We highlight the risk that the record low interest rates may lead to speculative and unproductive investment decisions, posing increasing downside risks to macroeconomic stability in the coming years,” BMI Research said in a report released on Wednesday. […]
Read MoreA foreign insurance and risk management firm has been accused of allegedly operating without a license in the Philippines but regulators say they cannot act until complainants present sufficient evidence to warrant a formal case. Lawyer Jose Antonio Bernas, who represents Prudential Guarantee and Assurance, Inc., has asked the Insurance Commission to investigate Marsh UK […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has vowed to provide a more conducive business and investment climate for prospective Japanese investors. “We commit to further improve the ease of doing business, respect the sanctity of contracts, and promote a more conducive climate for investments,” Finance Secretary Carlos Dominguez told potential Japanese investors at […]
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