IN EY’S latest Capital Confidence Barometer, 1,500 senior executives in 41 countries were polled, and a quarter of the respondents said they will not do a deal because of the gap in the price expectations between sellers and buyers or investors.
NET foreign direct investments (FDI) turned around in July, posting a net inflow and surging by more than 200% from a year ago, the Bangko Sentral ng Pilipinas reported yesterday.
ABOUT 91% of this year’s national budget has been released as of end-August, in line with the government’s aim to quicken the implementation of its projects and programs, according to the Budget department.
REPRESENTATIVES of the country’s mass housing, cement, and iron and steel industries presented their proposed roadmaps to boost competitiveness to stakeholders yesterday.
PRESIDENT Benigno S. C. Aquino III “pitched” the Philippines as “best alternative investment site” to corporate officials yesterday during a dialogue at the Asia Pacific Economic Cooperation (APEC) CEO Summit in Bali, Indonesia.
THE MONETARY Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has approved a $436.24-million loan from the Japan International Cooperation Agency (JICA) to enhance mass transit systems in Metro Manila, the central bank chief said.
THE ASIAN Development Bank (ADB) is looking to increase its technical assistance to the Philippine government for a project to possibly establish an earthquake insurance pool in the country.
THERE HAS BEEN much talk about how rapid growth markets (RGMs) are expected to be the drivers of the global economy over the next decade. RGMs are countries that emerged from the 2008 recession with minimum damage and which project significant growth. They include a number of economies from the Asia Pacific region. While this is certainly cause for cautious optimism, it also raises the concern that the pressure for these markets to generate growth may also increase the risk of fraud, bribery, and corruption.
TWO foreign banks on Friday welcomed Moody’s Investors Service’s much expected upgrade of the Philippines’ sovereign credit rating to investment grade and said that another upgrade from the debt watcher is likely under the current administration as the economy stays in a sweet spot.
INTERNET freedom in the Philippines remains among the best in the world, though its score went down with the passage of the Cybercrime Prevention Act of 2012, according to an annual ranking published by Washington-based advocacy group Freedom House.