Rappler's latest stories on foreign direct investments in the Philippines
(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
But Gabriela Representative Arlene Brosas slams the bill as 'economic charter change without tinkering with the 1987 Constitution'
(UPDATED) Although global factors are at play, the Philippines’ business climate and government policies are also partly to blame
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
But opposition lawmakers argue that the 'unconstitutional' bill would lead to Filipinos being at the mercy of foreign firms
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
Foreign investors place less bets on the Philippines for the 5th straight month
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
Foreign direct investments in May hit a 4-year low at just $242 million
For the 2nd straight month, foreign direct investments in the Philippines are down
The approved investments in the 1st quarter of 2019 could generate 41,837 jobs, says the Philippine Statistics Authority
Foreign direct investments hit $746 million in February, says the Bangko Sentral ng Pilipinas
The Bangko Sentral ng Pilipinas says the decline in foreign direct investments reflects the 65.3% drop in equity capital placements
Evidence suggests that ours is a generally healthy economy, posting impressive growth, but carrying some structural flaws
The central bank says the higher foreign direct investment inflows in July reflect the 'continued positive investor sentiment on the Philippine economy'
The Bangko Sentral ng Pilipinas says foreign direct investments in May stood at $1.6 billion
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Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'
President Benigno Aquino III encourages investors to put their money in the Philippines as he vows to sustain the country s economic growth momentum
The central bank says investment from overseas grew by double digits as foreign groups poured money into their local businesses
The investments are channeled to the real estate financial and insurance electricity manufacturing wholesale and retail trade sectors