Data from the Philippine Statistics Authority (PSA) released yesterday showed that total foreign investments approved by IPAs rose to P146.75 billion from July to September, significantly higher than the P27.46 billion in the same period last year.
These foreign investment pledges were approved by the Board of Investments, BOI-Bangsamoro Autonomous Region in Muslim Mindanao, Clark Development Corp., Cagayan Economic Zone Authority, Philippine Economic Zone Authority (PEZA) and Subic Bay Metropolitan Authority.
Rizal Commercial Banking Corp. chief economist Michael Ricafort said in an email that the sharp increase in foreign investment pledges in the third quarter "may be partly encouraged by the approval of the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy) Bill by the bicam in early September (eventually signed into law on Nov. 11), thereby making foreign investors or locators more decisive to invest in the country."
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BTS member Jungkook docu-series premieres on Disney+
A documentary series on global pop star Jungkook of BTS is now streaming on Disney+.
Rachelle Gerodias, Byeong In Park, Gerphil Flores lead classical Christmas concert
Christmas is in the air. In line with the festivity of the yuletide season, the Rotary Club of Makati is mounting a \"Classical Christmas Concert\" on Dec. 10 at The Fifth at Rockwell, Makati City.
ALBERT MARTINEZ TO SEMI-RETIRE FROM SHOWBIZ
Albert Martinez is slowly stepping out of the limelight. \"I will be semi-retired in 2025,\" he disclosed. \"I will focus on my private life.\"
PAN DE MANILA X CASAJUAN: LIMITED-EDITION PLATES AND CUPS
In celebration of its silver anniversary, Pan de Manila launched the limited-edition plates and cups, in collaboration with Casa Juan.
A WICKED GOOD WAY TO CATCH YOUR FAVORITE BIG-SCREEN MOVIES
Nowadays, there are so many ways to view content, from your phone to your laptop to your TV screen. But if you're going to watch a movie that really \"takes off\" from the screen, you've got to GO BIG.
DISCOVER A HIDDEN FLAME
Writers and public relations people often work together and are in touch when in work mode. It is, indeed, a blessing when strong bonds of friendship are formed and people from these two worlds just jive and get along so well.
BYD CARS INAUGURATES BALINTAWAK SHOWROOM
YD Cars Philippines, together with ACMobility, inaugurates the latest BYD showroom in Metro Manila. Strategically located along EDSA Balintawak in Quezon City, this state-of-the-art facility is the brand's first dealership along the bustling gateway to the North and the first showroom to feature DC charging.
HAVE YOURSELF A VERY RAMSAY CHRISTMAS
Contrary to popular belief, chef Gordon Ramsay does not go ultra-violently humbugging during the Christmas season like Scrooge in tidy whites, leaving a trail of idiot sandwiches, vampires killed by garlic, and errant Monday motivators in his wake.
Acciona to expand investments in Phl
Acciona Infrastructure, a global leader in sustainable infrastructure, plans to expand its investments in the Philippines and continue collaborating with government and private partners on transformative projects.
Lisa Gokongwei-Cheng exits as JG Summit CDO
Lisa Gokongwei-Cheng is stepping down as chief digital officer (CDO) of conglomerate JG Summit Holdings Inc. after more than four years.
