Aboitiz Still Foresees Steady Business Environment

MANILA, Philippines – Mixed political tirades and criticisms against Duterte administration did not prevent Aboitiz in remaining optimistic on the country’s business environment. One of the Philippines’ influential and prominent business groups, Aboitiz Group,...

Duterte State Visit to Japan Yields $1.8 Billion

MANILA, Philippines – President Rodrigo Roa Duterte’s state visit to Japan brought $1.8 billion in investment commitments back to the country. Department of Trade Secretary, Ramon Lopez, stated that 12 investment agreements valued at $1.8 billion were signed between...

GBPC Looks Into More Alternative Energy Projects

MANILA, Philippines – Global Business Power Corp. (GBPC) sets sights on pursuing more projects for waste-to-energy of at least 55 megawatts (MW) in Batangas and Bacolod. GBPC is owned largely by Metro Pacific Investments Corp. (MPIC), which is led by Manual Pangilinan as...

Japan Roots on Reduced Business Restrictions in PH

TOKYO, Japan – President Duterte’s three-day state visit in Japan highlighted the foreign country’s advice to countermand business restrictions in the Philippines. Philippine Economic Forum in Prince Park Tower highlighted the investment issue to...

Philippines Achieves Higher Business-Friendliness Ranking

MANILA, Philippines – The Philippines gained higher ranking in the list of countries best for businesses due to current administration’s efforts. From 103rd spot last year, Philippines holds the 99th place in Doing Business Report’s overall list. The country...

Philippines’ War on Echoed Investment Scams for Years

MANILA, Philippines – The Philippines has long been suffering from echoed investment scams, which resulted to crime, death, deception, and stealing of money from innocent citizens. One of the common investment scam stories start with a woman promising her friends to...

BSP Foresees Sustenance of 2-4% Inflation Target in 2017-2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) expects inflation to maintain its range of 2 to 4 percent in two years regardless of higher cuts on petroleum taxes. Just by month-end, inflation is expected to fall within 1.9 to 2.7 percent, resulting from rice...

Fitch Sees Free Cash Flow Generation a Challenge for Telco Players

MANILA, Philippines – Fitch Ratings sees generation of positive free cash flow (FCF) for Telco players, PLDT Inc. and Globe Telecom Inc., as a challenge in two years. FCF deficit will continue until the next year, Fitch Ratings claimed. This is attributed to higher capital...

MBC Still Presses US Relations Despite Stronger PH-CHN Ties

MANILA, Philippines –  The Makati Business Club (MBC) shows support to Philippines’ stronger China ties, but stresses the need to maintain solid US relations. The influential group of conglomerates welcomed PH-CHN ties, especially in amending the countries’...

San Miguel Supports PH Accelerated Infrastructure Projects With P205-B

MANILA, Philippines – Conglomerate San Miguel Corporation (SMC) supports Philippine growth by allocating P205 billion to two big-ticket infrastructure projects this year. SMC Chief Finance Officer and Treasurer, Ferdinand Constantino, stated the conglomerate has P205...

SM Investments Hopes to Close MyTown Minority Stake Acquisition

MANILA, Philippines – SM Investments Corp. (SM) nears closing its buy-in of MyTown’s minority stake this year. SMIC hopes to get the minority stake of dormitory builder MyTown of Philippines Urban Living Solutions Inc. (PULS), which was established in 2012. The...

Duterte’s State Visit to Japan May Yield Deals Worth Billions of Dollars

TOKYO, Japan – The Philippine President’s (Rodrigo Roa Duterte) meeting with Japan’s Prime Minister Shinzo Abe is expected to yield multibillion worth of deals. President Duterte’s 3-day visit to Japan will focus on power and agriculture deals. High-impact...

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