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ARTICLE FINDER

Foreign direct investments for January to August 2018 up by 31%

Nov 14, 2018 - 7:05 PM

This is despite a 17.7% dip for the month of August, compared to July

INVESTMENTS. Foreign investments dips in August 2018, according to the Bangko Sentral ng Pilipinas. Photo by Ted Aljibe

[ANALYSIS] The real score on foreign direct investments

Nov 02, 2018 - 10:00 AM

Evidence suggests that ours is a generally healthy economy, posting impressive growth, but carrying some structural flaws

Gov't allows 100% foreign ownership in 5 investment areas

Oct 31, 2018 - 2:40 PM

(UPDATED) The 11th Regular Foreign Investment Negative List also relaxes restrictions on some public works

INFRA SPREE. President Rodrigo Duterte says his term is the 'golden age of infrastructure'. Photo from Malacanang

Saudi to host 'Davos in desert' despite outcry over slain journalist

Oct 21, 2018 - 12:33 PM

Billed last year as an economic coming-out party for the conservative petro-state, the 'Future Investment Initiative' now symbolizes global outrage over the silencing of critics

BACKFIRE. Portraits of Saudi King Salman bin Abdulazziz (right) and his son Crown Prince Mohammed bin Salman are seen on October 18, 2018 in Riyadh. Photo by Fayez Nureldine/AFP

Is Africa starting to choke on China's lending glut?

Oct 18, 2018 - 10:23 PM

China is the single largest bilateral financier of infrastructure in Africa, exceeding the combined total of the African Development Bank (ADB), the EU, International Finance Corporation, the WB and the G8 countries

WELCOME. File photo of China's President Xi Jinping applauding as he attends the Forum On China-Africa Cooperation - Round Table Conference at the Great Hall of the People in Beijing on September 4, 2018. Photo by Lintao Zhang/Pool/AFP

Why women, including feminists, are still attracted to 'benevolently sexist' men

Oct 13, 2018 - 5:30 PM

Does benevolent sexism always undermine women? It might depend on context.

SIGNAL. What sort of signal does holding a door for a woman send? KOLOTAILO LIDIIA

Foreign direct investments soar in July 2018 despite economic tensions

Oct 11, 2018 - 9:55 AM

The central bank says the higher foreign direct investment inflows in July reflect the 'continued positive investor sentiment on the Philippine economy'

Philippines revs up flagging green energy engine

Oct 10, 2018 - 12:55 PM

A surge of new exploration efforts are underway in a nation that has some of the world's largest untapped sources of volcanic heat, but which relies on coal for half its electricity

Despite final ruling, Cocolife wants to negotiate coco levy case with PCGG

Sep 28, 2018 - 11:09 AM

Cocolife insists the best way to move forward is through a negotiated settlement with the PCGG, an agency that once expressed openness to dropping suits against the Marcoses

NAIA Consortium gains original proponent status for P102-B airport rehab

Sep 13, 2018 - 6:02 PM

The proposal to rehabilitate the Ninoy Aquino International Airport is now up for the approval of the National Economic and Development Authority Board

REHAB. NAIA Consortium has been awarded the "original proponent status" by the government for the rehabilitation of the country's main gateway. File photo by Ben Nabong/Rappler

RAM upgrades Philippines' credit rating

Aug 31, 2018 - 6:46 PM

A higher credit rating translates to more foreign investments and a lower borrowing cost for both the government and private sectors


Toyota pours $500M into driverless car tieup with Uber

Aug 28, 2018 - 10:15 AM

The deal aims at 'advancing and bringing to market autonomous ride-sharing as a mobility service at scale,' says Toyota


Foreign investments soar 142.9% in May 2018

Aug 10, 2018 - 6:51 PM

The Bangko Sentral ng Pilipinas says foreign direct investments in May stood at $1.6 billion

INVESTMENTS. Foreign investors remain optimistic in the Philippine economy. Rappler file photo

Grab raises $2B to fight ride-hailing competition

Aug 03, 2018 - 8:20 AM

Around $1 billion is coming from Japanese car giant, Toyota

Image from Grab


PEZA, Board of Investments challenge 2nd TRAIN package

Jul 24, 2018 - 7:20 PM

The agencies warn that the 2nd tranche of the Tax Reform for Acceleration and Inclusion law might spook investors and may even be unconstitutional

Coco levy fund: Duterte's failed promise

Jul 19, 2018 - 5:52 PM

'He's been doing it all along for other bills like the death penalty, lowering of age [of criminal responsibility], why not do this for his campaign promise, coco levy?'

FAILED CAMPAIGN PROMISE? President Rodrigo Duterte promises coconut farmers that he would return the coco levy funds to them. Two years into his term, the promise remains just that. File photo by Rappler

Philippine economy to sustain growth momentum – First Metro

Jul 16, 2018 - 9:25 PM

First Metro Investment Corporation president Rabboni Francis Arjonillo says the country's gross domestic product may meet or even surpass the government's target of 7% in 2018

12 officials of CIIF-OMG resign over appointment of 'incompetent' CEO

Jul 13, 2018 - 12:25 PM

Officials of the Coconut Industry Investment Fund-Oil Mills Group claim its new CEO Rehan Lao is the national president of Sulong ang Pag-Unlad Movement, a group pushing Special Assistant to the President Christopher 'Bong' Go to run for senator

MASS RESIGNATION. All top executives of the Coconut Industry Investment Fund Oil Mills Group resign over the appointment of Rehan Lao, a supporter of Special Assistant to the President Christopher Go, as president of the company. Lao's photo from Malacañang. CIIF-OMG logo from the company's website

#ThewRap: Things you need to know, July 11, 2018

Jul 11, 2018 - 11:40 AM

Hello! Here's a roundup of news you need to know this Wednesday.

President Rodrigo Roa Duterte, in his speech during the National Micro, Small, and Medium Enterprise (MSME) Summit 2018 held at the Association of Southeast Asian Nations (ASEAN) Convention Center (ACC) in Clark Freeport Zone, Pampanga on July 10, 2018, assures that he will continue to promote ease of doing business to make the country a conducive environment for MSMEs to thrive.

Foreign direct investments dip by 3.2% in April 2018

Jul 11, 2018 - 8:12 AM

Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'

Should we worry about the Philippine peso?

Jun 26, 2018 - 9:20 PM

First Metro Investment Corporation and the University of Asia & the Pacific say the answer depends on the factors driving the peso's weakness

Malaysia power shift hits China infrastructure drive

Jun 17, 2018 - 12:26 PM

'We will be friendly with China, but we do not want to be indebted to China,' says Malaysian Prime Minister Mahathir Mohamad

NEW POLICY? Malaysia's newly-elected Prime Minister Mahathir Mohamad addresses civil servants from the Prime Minister's office during his first assembly in Putrajaya on May 21, 2018.  Manan Vatsyayana/AFP photo

Foreign investment pledges dip by 37.9% in Q1 2018

Jun 07, 2018 - 8:40 PM

Foreign investment pledges for the 1st quarter of 2018 stood at P14.2 billion, says the Philippine Statistics Authority

Woman nabbed for alleged P130-M investment scam

May 28, 2018 - 4:25 PM

Margarita Huang and her family are accused of duping hundreds of investors in 2016

ARRESTED. Margarita Huang is presented in Camp Crame after allegedly making millions out of fellow church members with an investment scam. Photo by Rambo Talabong/Rappler

PH hot money net inflows hit $279M in April

May 19, 2018 - 8:30 AM

Data from the Bangko Sentral ng Pilipinas show that the country had a net inflow of foreign portfolio investments for the second straight month in April with $279.28 million, 5 times more than in the same month last year

#ThewRap: Things you need to know, May 14, 2018

May 14, 2018 - 10:52 AM

Hello! Here are the stories you shouldn't miss this Monday

Barangay, SK elections 2018 at the Corazon Elementary School, Batasan Rd, Quezon City. Photo by Maria Tan/Rappler

Foreign direct investments in PH continue to strengthen in February

May 11, 2018 - 4:30 PM

The country's central bank governor says this reflects investor confidence in the country’s sound macroeconomic fundamentals and growth prospects

SM gets income boost from property, retail units

May 09, 2018 - 3:35 PM

The listed conglomerate of the Philippines' richest man posts a 10% rise in net income for the 1st quarter of 2018, thanks to its core businesses

STRONG RESULTS. SM president Frederic DyBuncio says: 'We continue to build on our strong 2017 performance with revenues rising faster in the first quarter this year.' Photo by Rob Reyes/Rappler

PCC approves merger of Dennis Uy's Udenna with 2GO shareholder

May 07, 2018 - 6:00 PM

Udenna Corporation, holding firm of tycoon Dennis Uy, pays the Philippine Competition Commission P19.6 million as penalty for initially failing to notify the antitrust agency about the merger

COMPLIANCE. Back in August 2016, Dennis Uy's Udenna bought all of KGLI Investment Cooperatief UA's shares in KGLI-BV, which in turn owned 39.71% of KGLI-NM Holdings Incorporated. Photo was during a sit-down interview with Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

SM Group to expand, but not keen on telco

Apr 25, 2018 - 6:05 PM

SM Investments Corporation does not plan to go into the telecommunications industry, citing its lack of know-how and the high capital budget requirement

EXPANDING FOOTPRINT. SM president and chief executive officer Frederic DyBuncio says SM group is looking to invest in 'partners' in high-growth sectors. Photo by Rob Reyes/Rappler

Bitcoin scam 'mastermind': Release me so I can return investors' money

Apr 15, 2018 - 5:50 PM

[EXCLUSIVE] Rappler obtains a letter to investors by Arnel Ordonio, the alleged mastermind of the P900-million Bitcoin scam

'€˜MASTERMIND'€™. Arnel Ordonio is presented by the PNP to the media with his wife Leonady in Camp Crame. File photo by Rambo Talabong/Rappler

Canada's Trudeau squeezed in pipeline crisis

Apr 15, 2018 - 11:20 AM

Canadian Prime Minister Justin Trudeau is cutting short an overseas tour to return home and mediate

POLITICAL CRISIS. Canadian Prime Minister Justin Trudeau faces a domestic political crisis. File photo by AFP

Xian Gaza surrenders to police, asks for bail help

Apr 12, 2018 - 2:44 PM

The alleged scammer apparently pokes fun at his surrender, flashing a wide smile and a peace sign inside the police station

'SURRENDERED.' The businessman, accused of scamming people, surrenders to police. Screenshot from Xian Gaza's Instagram account

10 more Chinese companies intend to invest in PH

Apr 10, 2018 - 10:21 PM

During President Rodrigo Duterte's visit to China, Chinese companies say they intend to put in a total of P470 billion worth of investments

President Rodrigo Roa Duterte and Davao City Mayor Sara Duterte-Carpio arrive at the BFA International Convention Center in Boao, People’s Republic of China for the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2018 on April 10, 2018. SIMEON CELI JR./PRESIDENTIAL PHOTO

Philippines starts 2018 with foreign direct investments up by over 50%

Apr 10, 2018 - 6:45 PM

Foreign direct investment inflows reach $919 million in January 2018, up from the $587 million in January 2017

Filipino couple amasses at least P900M in alleged Bitcoin scam

Apr 10, 2018 - 11:04 AM

(UPDATED) According to Criminal Investigation and Detection Group chief Director Roel Obusan, the scam is structured like a pyramid scheme but with electronic money

Metro Pacific expands footprint in Vietnam water market

Apr 02, 2018 - 7:25 PM

The listed infrastructure conglomerate led by Manuel Pangilinan acquires a stake in Tuan Loc Water Resources

Philippine economy likely to grow above 7% in Q1 2018 – First Metro, UA&P

Apr 02, 2018 - 2:40 PM

Higher jobs created, foreign direct investments, and manufacturing output, among others, point to a stronger gross domestic product growth for the Philippines

Construction of NLEX-SLEX Connector Road to start by July

Apr 01, 2018 - 8:55 PM

Back in July 2016, NLEX Corporation secured a P23.2-billion deal to build, operate, and maintain the NLEX-SLEX Connector Road

CONNECTOR ROAD. NLEX-SLEX Connector Road would link C3 in Caloocan City to the Polytechnic University of the Philippines (PUP) campus in Sta Mesa, Manila. Map from DPWH website

PH economy reverts to hot money outflows of $545 million in February

Mar 15, 2018 - 9:35 PM

The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike

Record high again for foreign investments in Philippines

Mar 12, 2018 - 3:10 PM

But the growth of foreign direct investments in the Philippines in 2017 was substantially lower than in 2016

Economists upbeat about FDI prospects for 2018

Mar 09, 2018 - 6:50 PM

While the country’s ranking as the top country to invest by media firm US News may be subjective, economists are nonetheless optimistic that last year’s strong foreign investment flows will continue this year

Duterte on bank records, Lorenzana on Mercado, Trump admits Russian meddling in U.S. polls | Evening wRap

Mar 07, 2018 - 9:39 PM

Watch the evening newscast with Marguerite de Leon

Henry Sy Jr retires early from NGCP

Mar 07, 2018 - 5:00 PM

The son of the country's richest man leaves the National Grid Corporation of the Philippines 'to focus on his real estate business'

PH economic managers hail ranking by U.S. firm, vow more reforms

Mar 06, 2018 - 10:40 PM

'Our efforts to create a more business- and investor-friendly environment are gaining traction,' says Socioeconomic Planning Secretary Ernesto Pernia, after an American firm ranked the Philippines as the best country to invest in

Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

Property still drives SM's healthy financials in 2017

Feb 28, 2018 - 2:45 PM

The listed conglomerate of the Philippines' richest man posts consolidated revenues of P396.1 billion in 2017, 9% higher than the level in 2016

HEALTHY FINANCIALS. 'Our property and specialty retail businesses delivered particularly strong results,' SM president Frederic DyBuncio says. Photo by Rob Reyes/Rappler

Metro Pacific to slow down on new proposals until toll hikes resolved

Feb 26, 2018 - 5:00 PM

The tollways unit of Metro Pacific Investments Corporation says it has foregone roughly P7.5 billion in potential revenues since 2012 because of delayed toll adjustments

PENDING HIKE. The delays in toll hike have been hurting the pockets of operators, with a total foregone revenue of roughly P7.5 billion. Image from Wikimedia

Foreign investment pledges down 51.8% in 2017

Feb 22, 2018 - 10:55 PM

A significant 82.8% drop is recorded in the 4th quarter of 2017 alone, according to the Philippine Statistics Authority

SAN ANSELMO, CA - AUGUST 29: In this Photo Illustration, One and five dollar bills are displayed on August 29, 2017 in San Anselmo, California. The dollar fell to a two and a half year low to 91.77 Tuesday following the latest missile launch by North Korea. The U.S. dollar index has slipped over 10% since the inauguration of U.S. President Donald Trump. (Photo Illustration by Justin Sullivan/Getty Images)