MANILA: Powered by China’s infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing’s years-long drive urging steelmakers to move up the value chain. As its manufacturing engine sputters, the world’s second largest economy is increasingly relying on infrastructure spending to […]
Read MoreMANILA, Philippines – Total foreign investments approved by the country’s seven investment promotion agencies (IPAs) fell 12.8 percent in the first quarter of the year, the Philippine Statistics Authority (PSA) reported yesterday. Investment pledges cleared in the first three months of the year fell to P22.9 billion from P26.2 billion in the same period last […]
Read MoreMANILA, Philippines – Prospects for the Philippines continue to remain bright given its sound economic fundamentals, but further improvement on its domestic policies would be critical to take its economy a notch higher, global research and consultancy firm Oxford Business Group (OBG) said. OBG launched yesterday its latest publication entitled “The Report: The Philippines 2017” […]
Read MoreMANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP). “The sustained FDI inflows reflect […]
Read MoreMANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP). “The sustained FDI inflows reflect […]
Read MoreTHE Philippines recorded a net inflow of $509 million in foreign direct investment (FDI) in March, resurging from the level in February when the net inflow hit an eight-month low, central bank data showed on Tuesday. The net inflow in March rose by 39 percent from $366 million in February and by 30.6 percent from […]
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