Investing - updates

Rappler's latest stories on Investing

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China-led AIIB approves $750-million loan for PH's virus response

May 29, 2020 - 2:15 PM

The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households

Virus sparks record drop in energy investment – IEA

May 27, 2020 - 1:30 PM

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

OIL FIELD. An oil platform in the Clair Ridge oil field in the North Sea, 45 miles off the coast of Scotland, on March 9, 2018. File photo by Stuart Conway/BP/AFP

Philippine investments down 71% in January-April 2020 due to coronavirus

May 22, 2020 - 12:45 PM

The Board of Investments says investments reached P84.1 billion in the first 4 months of 2020, much lower than the P286.7 billion in the same period last year

Dubai investment arm's net profit rises in 2019

May 20, 2020 - 11:25 PM

The Investment Corporation of Dubai, which owns giant firms like Emirates Airline, posts a 16.9% increase in net profit in 2019

EMPTY. Dubai's Sheikh Zayed road is deserted during a curfew imposed by the authorities in a bid to slow down the spread of the novel coronavirus in the Emirati city on April 5, 2020. File photo by Karim Sahib/AFP

For the first time, MPIC quarterly earnings fall, capex halved

May 07, 2020 - 6:30 PM

Despite the harsh earnings dip in the 1st quarter of 2020, Metro Pacific Investments Corporation chairman Manny Pangilinan says workers' welfare comes first over profitability

U.N. urges global debt deal to prevent 'disaster' in poorer countries

Apr 24, 2020 - 12:40 AM

The United Nations says around $1 trillion of debt owed by the hardest-hit developing countries should be forgiven

ECONOMIC SLUMP. A woman arranges dried fish at the deserted fish market in Rufisque, Senegal, on April 9, 2020. Photo by Seyllou/AFP

Facebook takes $5.7B stake in India digital platforms

Apr 22, 2020 - 12:24 PM

The deal is one of the biggest foreign investments in the country

FACEBOOK. Facebook has taken a $5.7 billion stake in the Jio digital platforms business of India's richest man Mukesh Ambani, the two sides said on April 22, 2020, marking one of the biggest foreign investments in the country. Photo by Arun Sankar/AFP


COA affirms disallowance of P4.54-M benefits for Tidcorp board's ex-officio members

Apr 01, 2020 - 11:03 AM

COA says Monetary Board member Peter Favila and former MB member Armando Suratos are not entitled to the allowances and benefits they got from 2005 to 2010 as ex-officio members of the Trade and Investment Development Corporation of the Philippines

U.N. urges $2.5 trillion in pandemic aid to developing nations

Mar 31, 2020 - 12:42 AM

A UN report notes that the two-thirds of the global population who live in developing countries (excluding China) face 'unprecedented economic damage' from the crisis

PROTECTION. Children wearing face masks sell masks to motorists amid concerns of the COVID-19 coronavirus in Banda Aceh on March 27, 2020. File photo by Chaideer Mahyuddin/AFP

Pandemic will cut global investment flows more than feared – U.N.

Mar 27, 2020 - 11:00 AM

'It is now evident that pandemic mitigation efforts and lockdowns around the world will have devastating effects on all economies,' say United Nations economists

This aerial photo taken on March 10, 2020 shows an empty street in Wuhan in China's central Hubei province. - China said on March 10 the epicentre of the new coronavirus outbreak Hubei would relax travel restrictions to allow healthy people to move within the hard-hit province. (Photo by STR / AFP) / China OUT

House leaders slam 'anti-Filipino' bill allowing foreign ownership of public services

Mar 10, 2020 - 7:55 PM

(UPDATED) House Minority Leader Bienvenido Abante Jr and Senior Deputy Majority Leader Jesus Crispin Remulla vote no to House Bill No. 78, saying that it violates the 1987 Constitution

House passes bill allowing 100% foreign ownership of public services

Mar 10, 2020 - 5:07 PM

(UPDATED) But Gabriela Representative Arlene Brosas slams the bill as 'economic charter change without tinkering with the 1987 Constitution'

NOW IN SESSION. Lawmakers vote on bills during the House session on May 30, 2018. File photo by Darren Langit/Rappler

Manny Pangilinan exits P102-billion NAIA Consortium

Mar 10, 2020 - 10:30 AM

Tycoon Manny Pangilinan's departure from the 'super consortium' comes as his businesses face regulatory risks under the Duterte administration

Coronavirus crisis could cost world up to $2 trillion – U.N.

Mar 10, 2020 - 3:30 AM

Loss of consumer and investor confidence, a slowdown of global demand, swelling debt, and widespread market anxiety are just some of the issues clouding the global economic horizon

This photo taken on February 20, 2020 shows two staff members crossing an empty road as they deliver vegetables to a hospital in Wuhan in China's central Hubei province. - The death toll in China from the COVID-19 coronavirus epidemic rose to 2,236 on February 21 after 118 more people died, most of them in the hard-hit epicentre province of Hubei, the government said. (Photo by STR / AFP) / China OUT

Coronavirus outbreak will slash global investment flows – U.N.

Mar 09, 2020 - 9:30 PM

United Nations economists warn that regardless of how quickly the coronavirus outbreak lasts, it would significantly drag down global foreign direct investments

INVESTMENTS. The Bangko Sentral ng Pilipinas says the Philippines got higher foreign direct investments in February 2019. Photo from Shutterstock

Chinese virus-related slump to slash $50 billion in global exports – U.N.

Mar 05, 2020 - 11:55 AM

United Nations economists say manufacturing disruptions in China are 'expected to have repercussions elsewhere through regional and global value chains'

MANUFACTURING. Workers produce desks at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. File photo by AFP

SM Investments earns P44.6 billion in 2019

Feb 28, 2020 - 12:52 PM

SM ended 2019 with total assets growing to a massive P1.1 trillion


[ANALYSIS] Why Nokia, Wells Fargo, and Honda are leaving the PH

Feb 27, 2020 - 11:32 AM

(UPDATED) Although global factors are at play, the Philippines’ business climate and government policies are also partly to blame

Politics forces Manny Pangilinan to divert to 'less risky' businesses

Feb 26, 2020 - 3:40 PM

Manny Pangilinan may get into real estate and tourism, as he faces regulatory risks with his other businesses

'Unconstitutional' to let foreigners own public utilities – opposition lawmakers

Feb 20, 2020 - 11:30 AM

If passed into law, House Bill 78 would allow foreigners to fully own telecommunication and transportation companies in the Philippines which is 'fatally violative of the Constitution' the lawmakers say

House one step away from passing bill letting foreigners own public utilities

Feb 18, 2020 - 3:33 PM

But opposition lawmakers argue that the 'unconstitutional' bill would lead to Filipinos being at the mercy of foreign firms

LIFTING OF FOREIGN RESTRICTIONS. The House of Representatives approves on 2nd reading House Bill No. 78 on February 17, 2020. File photo by Ben Nabong/Rappler

House closer to passing bill allowing foreigners to own PH public utilities

Feb 16, 2020 - 2:26 PM

For lawmakers behind the bill, the 1987 Constitution’s requirement that at least 60% of public utility enterprises' capital stock must be owned by Filipino citizens or corporations is limiting the country’s economic growth

QUICK WORK. Lawmakers are working fast to amend the Public Service Act. File photo by Ben Nabong/Rappler

Court orders arrest of Kapa Ministry officers

Feb 12, 2020 - 6:15 PM

Kapa officers are accused of running a Ponzi scheme, which involves offering impossibly high returns and paying investors using the money contributed by later investors

Foreign direct investments fall by 30% in January-November 2019

Feb 11, 2020 - 8:46 AM

Foreign direct investments register higher inflows in November, but not enough to lift the figure for the 11-month period last year, as the global economic slowdown spooks investors

SM-Ayala consortium breaks ground on Cebu SRP project 



Jan 31, 2020 - 4:31 PM

Cebu City Mayor Edgar Labella says the project is expected to generate over P316 billion in investments and 2 million direct and indirect jobs

GROUNDBREAKING. Cebu City Mayor Edgar Labella and representatives from Ayala and SM break ground on new project at the South Road Properties. Photo form Cebu City Public Information Office

[ANALYSIS] Why did Philippine growth drop to an 8-year low?

Jan 31, 2020 - 11:56 AM

Why is there disappointing growth, given the country's potential? Let's talk about lower investments and the weakening of industry.

UK puts visas into pitch for post-Brexit trade with Africa

Jan 21, 2020 - 12:28 AM

Opening the first UK-Africa Investment Summit in London, Prime Minister Boris Johnson makes a clear pitch for business less than two weeks before Britain leaves the European Union

PITCH. Britain's Prime Minister Boris Johnson speaks at the UK-Africa Investment Summit in London on January 20, 2020. Photo by Matt Dunham/Pool/AFP

[OPINION | Point of Law] Challenges in business that cannot scare us

Jan 17, 2020 - 9:52 AM

The message from the world is clear: unless we in the Philippines shape up, foreign investors will continue to view us as an unworthy investment destination

Kapa Ministry officers face criminal charges

Jan 09, 2020 - 6:55 PM

For allegedly engaging in a Ponzi scheme, officers of Kapa-Community Ministry International face several cases in courts in Bislig City, Surigao del Sur; Quezon City; and Rizal

Foreign firms wary as China launches investment law

Jan 08, 2020 - 5:15 PM

China's foreign investment law is supposed to give local and foreign companies equal treatment, but international firms only have 'modest' expectations

Chinese President Xi Jinping (C), Premier Li Keqiang (R) and Vice Premier Wang Yang (L) applaud after the foreign investment law was passed during the closing session of the National People's Congress (NPC) in Beijing's Great Hall of the People on March 15, 2019. (Photo by Greg BAKER / AFP)

PH trade deficit ‘alarming,’ says BOI official

Dec 27, 2019 - 3:15 PM

BOI executive director Ma. Corazon Dichosa says trade deficit of the country for the past 5 years has averaged 76.54%

Hot money net outflows hit $345 million in November 2019

Dec 19, 2019 - 8:05 PM

Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States

[ANALYSIS | Point of Law] Water contracts mess: Fiasco for the investing public

Dec 17, 2019 - 8:30 AM

While the government must not be beholden to investors, it is essential that it does not trivialize their investments, must treat them with fairness and reason, and exemplify stability and confidence to attract investments

Malaysia arrests almost 700 Chinese over cyber scam

Nov 21, 2019 - 8:03 PM

With a fairly open visa regime and relatively developed telecommunications infrastructure, Malaysia becomes a hotspot for foreigners looking to set up centers to run online scams

Duterte makes 2nd week of November 'Investor Protection Week'

Nov 20, 2019 - 8:36 PM

Proclamation No. 846 tasks the Securities and Exchange Commission to lead the observation and celebration of the 'investor protection week' every year

SEC orders takeover of R&L Investments

Nov 15, 2019 - 5:20 PM

Capital Markets Integrity Corporation, the local bourse's compliance arm, is tasked to assist affected customers and submit a report for instituting criminal charges

Ayala invests $237 million in Myanmar tycoon's empire

Nov 14, 2019 - 7:30 PM

Ayala Corporation is set to acquire a 20% stake in Serge Pun's Yoma Group. The deal is the biggest ever Philippine conglomerate investment in Myanmar.

PSE pushes for audit as P700-M white collar scandal hits R&L Investments

Nov 07, 2019 - 4:30 PM

A trusted employee addicted to gambling stole millions of pesos from one of the country's oldest brokerage firms, leading to the company's closure

Global leaders, tycoons flock to Saudi 'Davos in desert'

Oct 30, 2019 - 12:23 PM

Organizers say 300 speakers from over 30 countries, including American officials and heads of global banks and sovereign wealth funds, attend the Future Investment Initiative (FII), nicknamed 'Davos in the desert'

DAVOS IN DESERT. Delegates wait in line ahead of a session during the Future Investment Initiative (FII) forum at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh, on October 29, 2019.  Photo by Fayez Nureldine/AFP

Makati Subway to get extra $332-million funding from Chinese firms

Oct 29, 2019 - 6:27 PM

Mayor Abby Binay flies to Hong Kong to secure more funding for her flagship project, the Makati Subway

MORE FUNDS FOR SUBWAY. Makati Mayor Abby Binay (center) and City Administrator Claro Certeza during the partnership signing ceremony in Hong Kong for the Makati Subway. Photo from the Makati City government

After getting fresh capital, Metro Pacific Hospitals scraps IPO plan

Oct 15, 2019 - 3:10 PM

Metro Pacific Hospital Holdings says goodbye to its IPO plan for now, after getting a massive fresh capital infusion of P35 billion from a consortium led by global investment firm KKR

SHELVED. Metro Pacific Hospitals postpones its plans to go public after getting fresh capital from an investment firm. Screenshot from Makati Medical Center's online virtual tour

Foreign direct investments drop 41% in July 2019

Oct 11, 2019 - 9:31 AM

Foreign investors place less bets on the Philippines for the 5th straight month

Kapa-like investment group in Mindanao faces syndicated estafa complaint

Sep 25, 2019 - 5:31 PM

The National Bureau of Investigation files a syndicated estafa complaint – a non-bailable offense – against 39 individuals associated with the ALAMCCO credit cooperative

INVESTMENT SCAM. A complaint for syndicated estafa is lodged before the Department of Justice against Mindanao-based investment group Alabel-Maasim Credit Cooperative or ALAMCCO. Photo by LeAnne Jazul/Rappler

Business groups in favor of easing restrictions on foreign investments

Sep 25, 2019 - 1:30 PM

But ex-Ateneo School of Government dean Tony La Viña argues that lifting these constitutional restrictions would be 'very, very dangerous'

Over $1 billion in hot money flees Philippines

Sep 20, 2019 - 12:25 PM

Foreign portfolio investments post a net outflow of $1.1 billion from January to August 2019, reversing the net inflow of $602 million in the same period last year

Gatchalian wants to ease foreign restrictions on public works projects

Sep 14, 2019 - 6:15 PM

The senator's bill proposes to provide ‘a more level playing field to eligible domestic and foreign bidders’

FILE PHOTO. Senator Sherwin Gatchalian says there is a lack of genuine competition in the country's public construction industry. Photo by Angie de Silva/Rappler

Foreign direct investments drop by 48.5% in June 2019

Sep 10, 2019 - 9:00 PM

Foreign direct investments reach $430 million in June 2019, just a little over half of the $836 million posted in the same month in 2018

House OKs bill easing restrictions on foreign professionals in PH

Sep 09, 2019 - 7:40 PM

ACT Teachers Representative France Castro slams the bill as a 'worse form of liberalization among professionals' in the Philippines

House pushes bill allowing foreigners to own public utilities in PH

Sep 05, 2019 - 11:52 AM

House committee on economic affairs chair and the bill's sponsor, Sharon Garin says foreign direct investment could provide the capital necessary to improve public service

#AskTheTaxWhiz: How are investments taxed?

Sep 04, 2019 - 9:50 PM

The Philippine Tax Whiz discusses the taxes when trading in shares of stock