Charoen Pok-phand Group will Invest ₱1.45 billion in the Phl

Investment: Thai agriculture firm Charoen Pok-phand (CP) Group will be investing ₱1.45 billion in the Philippines and will hire 1,800 more employees while the Siam Cement Group (SCG) said they will infuse an additional P1 billion to expand its operations in the country, the Department of Trade and...

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Philippine Export growth rises to 19% $4.3 Billion in April 2011

Business & Economy: Philippines - Merchandise exports rose by an annual 19.1 percent in April 2011, their fastest growth rate this year, as shipments to Japan remained strong despite the natural and nuclear disasters there,  as announced by the Govt last Thursday June 9, 2011.The Philippines’ export bill...

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Net FDI Investment in the Philippines Inflows surge 142% in Q1 - BSP

The Banco Central Sa Pilipinas / Bangko Sentral ng Pilipinas (BSP) reported  June 9, 2011 that net foreign direct investment (FDI) inflows surged 142 percent in March as equity infusion more than doubled while withdrawals declined.BSP Governor Amando Tetangco Jr. said that net FDI inflows amounted to $167...

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Bank loans in the Philippines up 14.2% to P 2.42 Trilion as of April 2011

Economy: The Bangko Sentral ng Pilipinas (BSP) reported yesterday that bank lending continued to post double-digit growth in April despite the economic slowdown experienced in the first quarter of the year.BSP Governor Amando M. Tetangco Jr. said in a statement that bank loans grew 14.2 percent to P2.423...

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New Philippines digital plan to highlight National Information & Communications Technology ICT Month

The celebration of National ICT Month is mandated under Presidential Proclamation No. 1521 (Series of 2008), declaring every month of June as National ICT Month.The month-long celebration features events and activities organized by government and the private sector.For its part, the CICT, together with various industry associations, will...

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Chinese firms urged to locate BPO functions in Philippines

The Board of Investments is urging Chinese companies to put up business process outsourcing facilities in the Philippines, so that they can take advantage of the support that highly skilled English-speaking BPO personnel can provide for their businesses.Coming from a recent investment promotion trip to China, BoI managing...

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WORLD Bank ranked the Philippines among world's top service exporters

The World Bank has ranked the Philippines among the best performers in the services exports, particularly in the business process outsourcing (BPO) sector, but urged further reforms in the travel and tourism sector if the country intends to sustain growth moving forward.World Bank senior trade economist Sebastian Saez...

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Standard Chartered revised up 2011 economic growth forecast for the Philippines to 5.7 percent

Economy: British-owned Standard Chartered Bank revised upwards its 2011 economic growth forecast for the Philippines to 5.7 percent from the original 5.4 percent.In a research note, Standard Chartered economist Vincent Tsui said the investment bank raised the country’s GDP growth forecast to 5.7 percent instead of 5.4 percent...

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Hongkong based firm will invest Million Dollars for RORO - PPP & Natural Gas in the Philippines

Hong Kong firm Hopewell Holdings Ltd. is planning to participate in the government’s Public-Private Partnership (PPP) program by investing in a transport linkage between Luzon and the Visayas.In an interview with reporters, Department of Trade and Industry Assistant Secretary Felicitas A. Reyes said Hopewell is eyeing a toll...

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Philippines Tops Global Ranking for BPO with 500,000 English-speaking college graduates per year

The Philippines has taken over the lead as the world's number one country for business process outsourcing and shared services, according to the 2010 IBM Global Locations Trend Annual Report.Increasingly, multinational companies building an alternate support hub have been establishing their presence in the Philippines owing to the...

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US think-tank sticks to 4.8% growth forecast for the Philippines

New York-based Global Source Partners is sticking to its revised gross domestic product (GDP) growth of 4.8 percent this year despite the economic slowdown experienced by the country in the first quarter of the year.In its latest market brief entitled “Philippines: Facing Stronger Head Winds,” Global Source said...

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Philippine Economic Zone Authority (PEZA) reports P 67 Billion new investments end May 2011

The Philippine Economic Zone Authority (PEZA) registered P66.956 billion worth of new investments as of end-May, 44.46 percent higher year-on-year, the latest data show.PEZA Director General Lilia de Lima expressed more confidence that this year’s 10 percent target increase in investments, exports and employment within the zone is...

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