Philippines' Board of Investment Begins Search for Priority Investment Sectors
Trade Undersecretary and BoI managing head Adrian Cristobal Jr. said the new investments plan, which had been reviewed and changed on an annual basis, would now cover three years or until 2016.
The IPP lists sectors and economic activities that are eligible for fiscal incentives and is based on the recommendations from relevant government agencies and the private sector.
The Developers Behind the Philippines' Next Central Business Districts
Two of the leading Philippine-based developers are investing nearly $2.5 billion to turn their newly acquired properties into the country’s next premier central business districts.
Ayala Land this week announced its plans for its Arca South development, a 74-hectare complex located in the heart of Metro Manila, near the southern ends of EDSA, C5 and the South Luzon Expressway.
Philippine Pension Fund to Hire External Managers for First Time
The Social Security System will initially allocate 3 billion pesos ($67.2 million) to three outside managers, Executive Vice President Edgar Solilapsi said.
The Phillippines May Establish a Sovereign Wealth Fund
Finance Secretary Cesar Purisima on Tuesday said the government is open to establishing a sovereign wealth fund to bring in more revenues.
Emerging Market Rout Hits Asian Currencies
SINGAPORE (Reuters) - Most emerging Asian currencies tumbled on Monday as a global sell-off of riskier assets intensified, pulling the Malaysian ringgit and the Philippine peso to their lowest levels ...