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Chinese investors still keen on PH
The Duterte administration “continues to enjoy the confidence of foreign direct investors” after two large Chinese investors reiterated their interest to invest a combined $4.5 billion in the Philippines.The Board of Investments said in a statement Monday that Chinese firms Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corp. again expressed their interest to set up shop in the Philippines.The Chinese companies were among the five firms that submitted letters of intent to BOI earlier this year.The proje... Philippine luxury travel market on upswing
MANILA, Philippines — A global travel company identified the Philippines as the second most attractive market in Asia for luxury travel to the growing volume of outbound tourists.In a press briefing, The Travel Corp. (TTC) president for Asia Robin Yap said the region is becoming a top market for luxury travelers due to the rising disposable income, with Singapore taking the lead.“But the most attractive market for us is the Philippines,” Yap said. “There’s only one reason we’re here for, it’s volume, it’s profitability.... Malaysian bank to establish PH presence
A listed Malaysian bank will establish presence in the Philippines as it expects to get the Bangko Sentral ng Pilipinas’ (BSP) nod before yearend.On the sidelines of the Financial Executives Institute of the Philippines’ 2017 conference Friday, BSP Deputy Governor Chuchi G. Fonacier told reporters that of the eight foreign banks that Governor Nestor A. Espenilla Jr. earlier said had expressed interest to do business here, two were from Asean, and one of them already submitted the requirements.Fonacier said the application of the Mal...
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IRO Message
Philippines sustains rapid growth in Q3 2017 with GDP expanding by 6.9 percent. 

See highlights of Q3 GDP performance, summary data and statements from NEDA, DOF, and DBM
   

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