FDI proved 13% lower over 11 months in 2023
Foreign direct investment (FDI), the kind welcomed by regulators because they stay invested for the long haul, flowed inward on net basis and rose 27.8 percent in November last year to USD1.0 billion. The inflows persisted from year-ago inflows of only USD820 million, the Bangko Sentral ng Pilipinas said on Monday.
SEC earns accreditation from London’s Investors in People
The Securities and Exchange Commission has secured accreditation from London-based standard-setting organization Investors in People, for it practices of promoting the welfare of its employees through engagement, communication and organizational culture.
MGreen buys more SPNEC shares
MGen Renewable Energy Inc. (MGreen), a unit of publicly-listed power distributor Manila Electric Co., has acquired 2.17 billion SP New Energy Corp. (SPNEC) shares from its parent Solar Philippines Power Project Holdings Inc. for P2.5 billion.
DA bares three-step process in policy crafting to advance agri programs
The Department of Agriculture (DA) is harmonizing its policy making process and decreed that future policy crafting undergo a step process review prior to implementation.
NIA proposes resetting the crop calendar late in the year to optimize rice production
The National Irrigation Administration (NIA) eyes the adjustment of its cropping calendar to October instead of March to ensure sufficient farm yield and minimize rice imports.
