philippine news

Sep 19, 20080

‘Hot money’ inflow to drop drastically

Des Ferriols
Philippine Star

The Bangko Sentral ng Pilipinas (BSP) expects a dramatic drop in portfolio investment or “hot money” flow into the local equities market this year as a result of the US financial meltdown.

The BSP said portfolio … Read the rest

Sep 19, 20080

Offshore portfolio investments surge to $2 B

Philippine Star

The Bangko Sentral ng Pilipinas (BSP) said it recorded an inflow of about $2.101-billion reflecting offshore portfolio investments made by local investors from January to June this year.

According to the BSP, this contrasted with the $516-million outflow … Read the rest

Sep 12, 20080

FDI inflows dive 58% in June

Des Ferriols
Philippine Star

Foreign direct investments (FDIs) remained on a net outflow in June, dragging aggregate inflows in the first semester down to $813 million, 58 percent lower than the same period in 2007.

The Bangko Sentral ng Pilipinas … Read the rest

Sep 8, 20080

FDI flow to RP stable – Fitch

Des Ferriols
Philippine Star

The flow of foreign direct investment (FDI) to the country has remained largely stable, but the regional situation appears to be changing, with capital inflows to Asia starting to slow down because of risk aversion, Fitch … Read the rest

Sep 4, 20080

Global slowdown won’t affect investment inflow, says DTI

Ma. Elisa P. Osorio
Philippine Star

The slowdown in the global economy has no effect on the inflow of foreign and local investors, the Department of Trade and Industry (DTI) said yesterday.

“Despite the economic slowdown, we are still getting … Read the rest

Aug 29, 20080

Mining investments seen to hit $1B

Marianne V. Go
Philippine Star

Mining investments are projected to hit $1 billion this year, twice the amount recorded last year, Mines and Geosciences Bureau (MGB) director Horacio C. Ramos said yesterday.

Validated investment figures for 2007 amounted to $500 … Read the rest

Aug 28, 20080

Mining investments reach over $200 million in Q2

Reuters
Philippine Daily Inquirer

MANILA, Philippines — The Philippine mining sector drew over $200 million in investments in the second quarter, a senior official said Thursday, bringing the first-half figure to about a third of the government’s target for the … Read the rest

Aug 26, 20080

Mitsubishi to invest up to $1 B in RP

Ma. Elisa P. Osorio
Philippine Star

Mitsubishi Corp., the local subsidiary of Japan’s largest general trading company, said it is ready to invest up to $1 billion in real estate and mining ventures in the country.

“We are willing to … Read the rest

Aug 22, 20080

Toyota invests P5.4 B to double capacity

Ma. Elisa P. Osorio
Philippine Star

Toyota Auto Parts Philippines Inc. (TAP), a subsidiary of Toyota Motor Philippines (TMP), has invested an additional P5.4 billion to double the production capacity of its transmission plant in Laguna.

“We will be intensifying … Read the rest

Aug 21, 20080

BOI prepares unified fiscal incentives plan

Ma. Elisa P. Osorio
Philippine Star

The Board of Investments (BOI) is close to rationalizing the country’s fiscal incentive program as the consolidated version of the bill is expected to be presented in the House of Representatives “very soon,” BOI … Read the rest

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