Foreign direct investments (FDI) flowed inward on net basis last year to $9.2 billion, sharply lower than in 2021 when this aggregated $12 billion.
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The Department of Transportation (DOTr) under Secretary Jaime Bautista has issued an order stripping attached agencies of authority to engage in activities or transactions exceeding P50 million without prior agency approval.
Barely a fourth or 24.26 percent of subscriber identity modules or SIMs have thus far registered, the Department of Information and Communications Technology (DICT) said on Wednesday.
The gross international reserves (GIR) level, an indication of capacity to pay for external trade and debt obligations, again fell below $100 billion.
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The Government Service Insurance System (GSIS) is studying a Philippine Stock Exchange (PSE) proposal to allow pension fund members to access stock loans and other financial products, signaling potential support for initiatives that could expand retirement investment options and strengthen the local stock market.
The Philippine Competition Commission (PCC) and the Land Transportation Franchising and Regulatory Board (LTFRB) are teaming up to shake up public transport.
Singapore-based Atome, part of Advance Intelligence Group, has raised $345 million through an upsized syndicated debt facility, up from $200 million secured in 2024.
Cebu Landmasters Inc. (CLI) said it has secured approval from the Philippine Competition Commission for the entry of Japanese firm NTT UD Asia Pte. Ltd. as a partner in its Luzon expansion. The deal allows NTT UD Asia to acquire 40 percent of the voting shares of CLI Luzon Ventures Inc., the unit formed to lead the company’s developments in Luzon.