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Philippines named best country to invest in
Metro Manila (CNN Philippines, March 6) — The Philippines ranked first in a U.S. report\'s list of the \"Best Countries to Invest In\" for 2018.The U.S. News and World Report said the Philippines has been performing well in terms of foreign direct investment (FDI), despite declining inflows to other Southeast Asian countries.\"In years to come, the country is expected to receive more FDI from within the region from powerhouses like China that are looking to utilize available labor in developing nations,\" the report said.The Philippines topped the list of 80 countries. It is followed by Indonesia, Poland, Malaysia, and Singapore.On its website, the U.S. News said its ranking is based on scores given by \"more than 6,000 business decision makers on a compilation of eight equally weighted country attributes: corruption, dynamism, economic stability, entrepreneurship, favorable tax environment, innovation, skilled labor force, and technological expertise.\"The Philippines a... HK finance firm eyes PH investments
Following China’s “One Belt and One Road” strategy for outward expansion, financial conglomerate Freeman FinTech Corp. Ltd. is exploring investment opportunities in the Philippines especially in the field of banking.Officials of the Hong Kong Stock Exchange-listed firm recently met with top officials of the Bangko Sentral ng Pilipinas and the House of Representatives as well as executives of the Philippine Stock Exchange and Rizal Commercial Banking Corp. to assess the investment climate in the country.A Sino-Hong Kong conglomerate engaged in a wide range of financial investments around the world, Freeman FinTech met with BSP Governor Nestor Espenilla Jr. to discuss the possibility of applying for various financial licenses.Espenilla briefed the company officials on the current state of banking and financial regulations in the Philippines and encouraged Freeman FinTech to explore the local banking system and undergo an accreditation and licensing process to be able ... Romualdez vows to help raise funds for Philippines infra program
LOS ANGELES, California – Philippine Ambassador to the US Jose Manuel Romualdez has vowed to help raise the much-needed fund for the country’s P8 trillion, five-year infrastructure development program.In an interview with The STAR, Romualdez said together with the Department of Finance (DOF), they would push for the promotion of investments and bilateral agreements between the Philippines and the US.Asked about his priorities for 2018, the diplomat said, “Let me begin with the macro-priority that is Build Build Build, one of the most ambitious infrastructure programs in our history. It is a massive P8-trillion infrastructure development program for the next five years.”“Together with the economic team led by Finance Secretary Dominguez, we hope to be able to invite more American participation in the administration’s flagship project,” he said.In terms of sectoral priorities, Romualdez said they would focus on the manufacturing resurgence program....
IRO Message
Presentations delivered by Philippine economic and infrastructure officials during the Philippine Economic Briefing (PEB) in Sulong 2018 Regional Development Forum held at the ASEAN Convention Center, Clark Freeport Zone (Nov.26), and SMX Convention Center, SM Lanang Premier, Davao City (Nov.28) can be downloaded via this link:
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