foreign investments - updates

Rappler's latest stories on foreign investments

ARTICLE FINDER

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

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

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

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

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

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

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)

Rappler Talk: Francis Lim on how SEC violated own rules in Rappler case

Jan 28, 2018 - 6:42 PM

Rappler's lawyer also explains why he took the case and what surprised him most about the decision

New list of investment areas off-limits to foreigners now on Duterte's desk

Nov 07, 2017 - 8:30 PM

This list – shortened compared to the previous one – is seen to boost foreign direct investments flowing into the Philippines

OPENING UP. The new list is now on President Rodrigo Duterte's desk. Business groups have pointed out that lifting some restrictions on foreign ownership would drive up foreign investment in the country. Presidential photo by Karl Alonzo

[OPINION] The real score on foreign investments in the time of Duterte

Oct 14, 2017 - 5:00 PM

The latest FDI figures – alongside signs of weaker business confidence, lower growth forecasts, and declining competitiveness – seem to presage a brewing storm in the Philippine business climate

PH to add more sectors allowing 100% foreign ownership

Sep 14, 2017 - 10:15 PM

I want to be more aggressive and to be at par with other ASEAN countries says Socioeconomic Planning Secretary Ernesto Pernia

MORE AGGRESSIVE. 'I want a more aggressive liberalization. The draft list is too puny in terms of changes. I want to be more aggressive and to be at par with other ASEAN countries,' Socioeconomic Planning Secretary Ernesto Pernia says. File photo

San Miguel's P1-trillion petrochem facility to break ground by end-2017

Jun 13, 2017 - 7:10 PM

The planned oil refinery will mainly produce petrochemicals with a capacity of 250 000 barrels per day

BIGGEST. Ramon Ang, president of San Miguel Corp, expects to break ground its biggest single investment to date in 6 months' time. Photo by Martin San Diego/Rappler

Petron to start $20B oil refinery in early 2018

May 16, 2017 - 6:08 PM

Other than its planned greenfield project Petron plans to spend another 2 billion P99 41 billion to expand its plants in Bataan and Malaysia

BIGGEST INVESTMENT. Ramon Ang says the oil refinery will mainly produce petrochemicals, with a capacity of 250,000 barrels per day Photo by Martin San Diego/Rappler

China says industrial policy not aimed at foreign firms

Mar 11, 2017 - 5:36 PM

The original intention of this policy is to prevent some companies from using loopholes in government policies to profit from government subsidies says industry and information technology minister Miao Wei

XI JINPING. This file photo taken on September 3, 2016 shows China's President Xi Jinping speaking during the opening ceremony of the B20 Summit prior to the G20 Summit in Hangzhou. Photo by Aly Song/ AFP

Coca-Cola PH plans to invest $1B more in PH

Dec 02, 2016 - 6:25 PM

The investment – over a period of 5 years – will help expand its supply chain and commercial footprint in the Philippines

PH net inflow of 'hot money' hits $60 million

Nov 18, 2016 - 3:51 PM

October’s net inflow of foreign portfolio investments is a dramatic turnaround from the 807 million net outflow seen in September

Gov’t to review foreign investment negative list in May 2017

Nov 14, 2016 - 4:25 PM

The window will open for us to review that in May and certainly the economic team is going to look at lifting administratively some of those restrictions says Finance Secretary Carlos Dominguez

The pitfalls of Special Economic Zones

Nov 10, 2016 - 4:35 PM

While SEZs generate foreign investment and employment they also deprive farmers of their land and distort the economy

Duterte's tough talk and what it could mean for US, EU investments

Oct 08, 2016 - 10:00 AM

A look at the extent of US and EU business ties with the Philippines

Duterte gov't assures PH economic policies 'predictable'

Sep 23, 2016 - 2:42 PM

Trade Secretary Ramon Lopez says despite Duterte s unpredictability the country s economic policy is to protect foreign investments and comply with trade agreements

ECONOMY UNDER DUTERTE. Trade Secretary Ramon Lopez assures investors that policy-making has not drastically changed under the Duterte administration. Photo by ALBERT ALCAIN/PPD

DTI, DOF looking to ‘modernize’ investment incentives

Sep 20, 2016 - 7:21 PM

Both agencies are working together to craft a new set of tax breaks to offer potential investors as ‘the icing on the cake’ to get them to invest in the country and hope to finalize the tax breaks by the end of the year says Trade Secretary Ramon Lopez

Growing middle class, ASEAN links boost PH investment prospects

Sep 19, 2016 - 10:30 AM

HSBC Philippines chief sees greater UK investor interest in the country while the head of the Philippines’ oldest conglomerate sees the ASEAN market and its growing middle class pulling in more foreign investors

Nestle to invest P2 billion in new plant for MILO

Aug 02, 2016 - 5:30 PM

The new plant is expected to begin production in November 2017

Factory space could boom in next 5 years – real estate expert

Jul 31, 2016 - 9:15 PM

Growth rates could double by 2021 but this hinges on whether the government can lower electricity and water costs says the founder of Prime Philippines

Photo by Rappler/John Javellana

Indonesia opens new sectors to foreign investment

May 24, 2016 - 8:21 PM

Foreign firms are allowed to own different shares in businesses depending on the sector according to the new regulation

FOREIGN INVESTMENT. Indonesia aims to bring in foreign investments to the country. AFP

PH credit ratings at risk if 'wrong' leaders elected – Palace

Apr 25, 2016 - 3:17 PM

The Palace says economic improvements made in the past years will only be put to waste if Filipinos elect the wrong leaders on May 9

ECONOMY TAKES OFF

S&P affirms PH’s BBB rating, projects incomes to rise

Apr 21, 2016 - 10:01 PM

S P projects growth in real per capita income to rise from the 4 1 recorded last year to 4 4 this year

Diokno to next president: Focus on tax reform, foreign ownership limits

Apr 19, 2016 - 7:30 PM

Former budget secretary Benjamin Diokno says President Benigno Aquino III s successor can make major changes to entice foreign investors

Photo by Chris Schnabel/Rappler

PH among Asia's frontrunners in 2016 – World Bank

Apr 11, 2016 - 7:12 PM

The World Bank retains its positive growth forecast for the country despite predicting overall growth in developing Asia to fall slightly this year

Despite polls, business execs optimistic about 2016

Apr 07, 2016 - 8:11 PM

A Makati Business Club survey of top businessmen shows that the majority believe economic growth will be better than in 2015

S&P: Change in PH leadership unlikely to reverse economic reforms

Mar 07, 2016 - 7:34 PM

The credit rating agency and local and US based business leaders express confidence the country s next leaders will not disrupt economic momentum

PH to share its 'great economic story' with US investors

Mar 02, 2016 - 11:25 AM

Philippine government and business leaders aim to drum up investor interest and soothe concerns over the elections

SHINING. The government is marketing the Philippine economy as Asia's bright spot in order to entice foreign investments. File image by Rappler

Philippine firms less optimistic about Q1 prospects

Feb 26, 2016 - 6:15 PM

The latest Business Expectations Survey shows business sentiment is more upbeat in the second quarter of 2016

LESS OPTIMISTIC. The sentiment of Philippine businesses mirrors those in the UK, Germany, China, and Korea, but is in contrast to those in the US, Canada, France, Netherlands, and Russia. Photo by Pat Nabong/Rappler

Gov’t to roll out incentives program for auto firms

Jan 14, 2016 - 7:52 PM

Car and car parts manufacturers in the country can begin applying for the CARS program on January 15

Foreign investments jump 165% in Q3

Dec 18, 2015 - 2:45 PM

The amount approved stood at P48 6 billion a significant increase from the P18 3 billion recorded in the same period last year

INVESTMENT PLEDGES. Manufacturing came in second with investment pledges valued at P7.9 billion ($166.36 million) or 16.2%, followed by administrative and support service activities at P3.6 billion ($75.81 million) or 7.4% share. File photo by Romeo Gacad / Agence France-Presse

After Indonesia rejection, Japan to build India's first bullet train

Dec 08, 2015 - 5:19 PM

The report comes after Japan failed to win a high speed train deal in Indonesia earlier this year losing out to a Chinese proposal

RAILWAY PROJECT. Japan, known for its safe and efficient trains, cuts a deal with India to build its first bullet train. File photo of Japan train from Shutterstock

PH business groups support RBH1 to ease foreign restrictions

Dec 06, 2015 - 10:36 PM

The country s biggest business groups say the Resolution of Both Houses 1 will remedy outdated constitutional restrictions and attract more foreign investment

Aquino, EU firms meet for business opportunities in PH

Dec 02, 2015 - 4:52 PM

Airbus pledges enhanced cooperation while Sanofi Pasteur gives updates on its dengue vaccine

BUSINESS MEETING. President Benigno S. Aquino III converses with Sanofi Pasteur CEO Olivier Charmeil for a courtesy call at the Louis Lumiere Conference Room of the Hotel Scribe on Tuesday, December 01, 2015 in Paris, France. Photo by Joseph Vidal / Malacañang Photo Bureau

Japan’s Citizen Finedevice to invest P1.73B in Batangas

Nov 22, 2015 - 10:00 PM

The investment is expected to create 530 jobs and produce 12 3 million P577 8 million worth of exports

APEC 2015: A sense of déjà vu

Nov 12, 2015 - 7:00 PM

The current and former NEDA chiefs compare the Philippine economy on the eve of the country s hosting of the APEC summit in 1996 and in 2015 Then and now the global community saw the country as poised to reach great economic heights

Two private equity firms to invest P7B in Clark

Nov 08, 2015 - 10:43 PM

This is one of the largest investments by foreign investors in the Philippines real estate sector and is seen to help transform Clark Freeport Zone into a new office and logistics hub

The wRap Indonesia: Rail deal signed, biggest operation vs forest fires

Oct 19, 2015 - 6:00 AM

Other stories include an analysis on the effect of the China Indonesia rail deal on foreign investors and Typhoon Koppu lashing the Philippines

ITS A GO. This photo shows scale models of Chinese-made bullet trains. Bay Ismoyo/AFP

Investors to relocate factories after Indonesia-China train deal?

Oct 18, 2015 - 9:05 PM

The Indonesian government is feeling the heat after Japanese investors reportedly have threatened to relocate factories and reconsider investment plans after a 150 km fast train project from Jakarta to Bandung was given to Chinese investors

JAPAN NOT CHOSEN. After losing out, investors talk about relocating factories and reconsidering plans. AFP PHOTO / Toru YAMANAKA

Bullet train a go: China, Indonesia sign $5.5-B deal

Oct 16, 2015 - 2:49 PM

After a chaotic bidding process for the high speed rail project that angered Japan who was also in the bidding China signs the deal with Indonesia

NO MORE. This photo shows scale models of Chinese-made bullet trains, plans for which the Indonesia government scrapped. Bay Ismoyo/AFP

The wRap Indonesia: 4th economic stimulus, Sumatran elephants found dead

Oct 16, 2015 - 6:00 AM

Other stories include a damning report on the treatment of Indonesia s death row inmates and new Liverpool manager Jurgen Klopp s statements ahead of his team s first game under his leadership

FOUND DEAD. Two critically-endangered Sumatran elephants were found dead from suspected poisoning in Indonesia's Aceh province. AFP photo/Aceh Province Forest Protection Agecny/Awir Belo

Indonesia bids to protect workers with new stimulus plan

Oct 15, 2015 - 10:05 PM

In the latest installment Chief Economics Minister Darmin Nasution announced new rules for determining minimum wage rises something business has long blamed for denting investor confidence

LONG-TERM. The government of Indonesia and PT Freeport Indonesia agrees on long-term investment. Photo from Freeport Indonesia website.

The wRap Indonesia: Trial over alleged ISIS links, defense strategy

Oct 13, 2015 - 6:00 AM

Other stories include the US dollars gains against the rupiah and an analysis on President Joko Widodo s government s deal with Freeport McMoRan

AIDING ISIS? Seven Indonesian men are accused of alleged ISIS links. File photo by AFP.

ANALYSIS: US mining giant’s deal with gov’t a victory for Jokowi

Oct 12, 2015 - 5:46 PM

On the eve of a US visit the long term investment is a sign that President Joko Widodo is gaining the upper hand over nationalists

UPPER HAND. The deal shows that the President is gaining an upper hand over nationalists. File photo by Gatta Dewabrata/Rappler

The wRap Indonesia: Jokowi accepts help to combat haze, Obama apologizes

Oct 09, 2015 - 6:00 AM

Other stories include the recovery of bodies of plane crash victims increased US maritime assistance and reactions on the bullet train deal with China

WORST EVER. Haze from land and forest fires is an annual hazard in Indonesia. The practice of open burning to clear land is illegal but is common in the country, but this year's fires could be the worst ever. EPA/TAMY UTARI

Indonesia’s bullet train deal with China: ‘Delusional,’ no coordination

Oct 08, 2015 - 1:45 PM

I think it’s ridiculous and a bit self deluding if this administration believes that it can get a high speed train going without government guarantee It’s simply delusional

RAILWAY PROJECT. Japan, known for its safe and efficient trains, is angered by Indonesia's railway project bidding process. File photo of Japan train from Shutterstock