Foreign Equity and Professionals News

4 foreign firms eyeing 3rd telco slot

16 January, 2018 at 15:00

Four foreign telecommunication companies had expressed interest in becoming the third telco player in the country, Malacañang said on Sunday.

3rd telco player needs P300B for 5-year...

16 January, 2018 at 13:00

The government is calling on groups with around $6 billion (P300 billion) to spare and a desire to compete in the cutthroat telecommunications sector dominated by the duopoly PLDT Inc. and Globe Telecom.

Special Report: US, Korea investments falter in...

15 January, 2018 at 12:00

American and Korean investments in the Philippines plunged in 2017 behind security and other business concerns…

[OPINION] Will Duterte have business cronies?

15 January, 2018 at 09:57

President Duterte had some harsh words for local big business last week. He said he owes them nothing so he is free to reform the economic system as he sees fit.

Philippines identifies second choice for third telecom...

11 January, 2018 at 13:00

The Philippines now has two choices for a third telecom player that would disrupt a longstanding duopoly that has angered consumers in a nation said to have the slowest internet speed in the Asia Pacific.

Foreign direct investments into PH treble in...

11 January, 2018 at 10:58

A surge of equity capital inflows into the power sector trebled the level of foreign direct investments in the Philippines in October last year, according to the latest data from the Bangko Sentral ng Pilipinas.

Peso among ‘most stable’ in Asia despite...

10 January, 2018 at 10:32

The Department of Finance (DoF) said the peso remained among the “most stable” currencies in Asia and “finished strongly” in 2017 despite a 0.5% depreciation against the dollar.

IT-BPM investments plunge 48% in 2017

4 January, 2018 at 17:00

New information technology and business process management (IT-BPM) investments registered under the Philippine Economic Zone Authority (PEZA) plunged by nearly half in 2017 as a deluge of concerns have taken its toll on the industry.

BPO still biggest job generator

4 January, 2018 at 15:36

The Business Process Outsourcing (BPO) sector remains the country’s biggest job generator, the Department of Labor and Employment (DOLE) said.

Modern city to rise from Marawi rubble

4 January, 2018 at 08:00

After a five-month battle between government forces and Islamic State-inspired terrorists that reduced Marawi City to rubble…

Proposed BOT Law changes to boost PPP...

3 January, 2018 at 16:00

The proposed amendments to the Build-Operate-Transfer (BOT) Law — of which nine are pending at the House of Representatives…

Mining tax change has just begun —...

3 January, 2018 at 14:00

The doubling of a mining levy under the first of up to five planned tax reform packages enacted last week will not preclude further changes to the sector’s fiscal regime, an official of the Department of Finance (DoF) has said.

2017 ends with 21 gov’t holidays

3 January, 2018 at 10:47

The Philippines will end 2017 with 21 national government holidays, the most ever declared in recent memory.

Business leaders say economy ‘yet to run...

2 January, 2018 at 18:00

A stable environment helped the economy rev up in 2017, and business groups now believe tax reform, further ease of doing business…

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