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Philippines
Monday, May 13, 2024

Business

Foreign direct investments grew 29% to $1.4b in February

The Philippines continues to attract foreign investments, with a significant jump in February 2024. Data from the Bangko Sentral ng Pilipinas (BSP) showed that foreign direct investment (FDI) net inflows went up 29.3 percent to $1.4 billion from $1.1 billion in February 2023. This development was due to the 927.3-percent expansion in nonresidents’ net investments in equity capital (other than reinvestment of earnings) to $764 million from $74 million in February...

Spot market power rates soared in April

System-wide electricity spot market prices increased by P1.37 per kilowatt-hour to P6.90...

Hann transforming New Clark City into luxury hub

Hann Holdings Inc. (HHI), the owner and developer of integrated resort (IR)...

BCDA announces plan to redevelop Market! Market!

State-run Bases Conversion and Development Corp. (BCDA) announced over the weekend plans...

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Deficient RFID accounts cause Skyway queues

SMC Infrastructure advised motorists using the Skyway and NAIA Expressway to ensure their Autosweep RFID accounts are sufficiently funded to avoid traffic delays. It said...

PH market seen trading sideways this week—analyst

Philippines stocks are expected to trade sideways after the previous week’s decline as investors await direction on policy rates in the upcoming Monetary Board...

Puregold’s Tindahan Ni Aling Puring program supports MSMEs

Puregold continues to fortify the foundation of local communities—sari-sari stores and food establishments amid fluctuating economic conditions faced by Filipinos. Puregold’s Tindahan ni Aling Puring...

CLI eyeing Cavite real estate project

Property developer Cebu Landmasters Inc. (CLI) is looking at Cavite as a possible location for its first Luzon real estate project. CLI chief operating officer...

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