TRADE SECRETARY Ramon M. Lopez on Tuesday said he expects the foreign direct investment (FDI) to be “positive” in the next data release of the Philippine Statistics Authority (PSA), even as he qualified that the data presented by the agency is “not the total investment picture.”
NET INFLOWS of foreign direct investment (FDI) to the Philippines in November hit a six-month high, reversing the outflow seen in October, with the year-to-date tally inching closer to $7 billion — well above the central bank’s full-year forecast for 2016.
THE equities market, peso and the overall economy will remain resilient this year despite global market uncertainties, according to the Hong Kong and Shanghai Banking Corp. (HSBC), with the bank factoring into its projections strong remittances, foreign direct investment and robust domestic consumption.
FOREIGN direct investment (FDI) to the Philippines is expected to keep growing despite unsettling rhetoric from President Rodrigo R. Duterte, but will likely see a shift in the sources of capital to reflect the trade pivot to Asian economies, a public finance expert said.
THE PHILIPPINES has emerged as among the world’s most promising destinations of foreign investments in the next three years, according to the United Nations Conference of Trade and Development (UNCTD).
THE PHILIPPINES could see a year-on-year recovery in foreign direct investment (FDI) if the government does more to build on the reforms which have boosted the manufacturing and financial sectors, the Finance department’s chief economist said.
Fiscal and non-fiscal incentives have, for many years, formed an integral part of the government’s efforts to promote domestic and foreign direct investment (FDI). The question that has always been raised is whether these incentives — particularly the tax or fiscal incentives — are costing the government more compared to the benefits that the FDI brings. Until recently, there was no system to properly account for the tax incentives granted to these businesses, and the government has been unable to determine the magnitude of its exposure on these incentives.
TWO LAWMAKERS have proposed the creation of a new agency, the Office for Investor Facilitation and Protection (OIFP) to improve and oversee foreign direct investment (FDI) and raise the level of protection for investors.
NET foreign direct investments (FDI) this year are expected to at least match last year’s increase given the country’s rising competitiveness and quality of skilled labor, a Cabinet official yesterday said.
MANILA, Philippines – The Bangko Sentral ng Pilipinas sees no reason why the high level of foreign direct investments in January would not be sustained throughout the year, an official said yesterday. “The momentum can be sustained… I don’t see any reason why not,” central bank Deputy Governor Diwa C. Guinigundo told reporters. “For January, that was actually one of those challenging times when we experienced portfolio outflows because of the US Fed’s action, but nonetheless the more durable and more permanent type of investments came in,” he continued. Net FDI inflows summed up to $1.027 billion in January, its highest level in two years, latest BSP data showed. It was primarily driven by foreign companies lending to their local affiliates to finance operations and the expansion of their firms in the Philippines. “Moving forward, we believe that the economy will continue to grow and many of the macroeconomic stories will be the same, if not improved over time,” Guinigundo pointed out. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “So we expect that the same confidence will be maintained and our foreign direct investors will continue to come in,” he added. The BSP has forecast net FDI inflows to reach $2.6 billion this year, 33 percent below the actual $3.86 billion recorded in 2013. The lower net inflow projection was due to the US Federal Reserve’s scaling back of asset purchases, which has prompted investors to move back to advanced economies from emerging markets in anticipation of an Read More …