News Philippines Investment funds: Philippine wealth fund favours physical assets
The Philippines' sovereign wealth fund says investing in physical assets like metals makes increasing sense against the backdrop of a war in Iran that's playing havoc with the nation's fuel market.
News Philippines Investment funds: Ferdinand Marcos Jr on cusp of winning landslide in Philippines elections
Ferdinand Marcos Jr, the son of the former dictator, is on the cusp of winning the Philippine presidential election by a landslide, according to preliminary and unofficial results, taking the Marcos dynasty one step closer to the Malacañang Palace, 36 years after the family fled a mass uprising.
News Philippines Investment funds: Marcos Jr. asks world not to judge him by his family’s past as he claims victory in Philippines election
Ferdinand Marcos Jr. claimed victory in the 2022 Philippines elections on Wednesday, saying the "people have spoken decisively," according to a statement from his spokesperson.
News Philippines Investment funds: AyalaLand Logistics taps foreign fund to build data centers
AyalaLand Logistics Holdings Corp. teamed up with foreign investment fund FLOW Holdings I Philippines Pte. Ltd. to develop data centers across the country.
News Philippines Investment funds: Philippines borrows $7.5 billion from World Bank
MANILA, Philippines — The Philippines has borrowed more than $7.5 billion (P400 billion) from the World Bank to fund mainly the government’s pandemic response, according to the Department of Finance (DOF). Finance Secretary Carlos Dominguez said yesterday the Philippines had to borrow from the multilateral bank to finance the government’s procurement of vaccines against COVID. In particular, Dominguez said the Philippines received $7.53 billion...
News Philippines Investment funds: More investments against fraud sought amid vetoed SIM card registration bill
“This legislative setback would mean that the financial services industry would have to step up investments in modern ... in compromised transaction accounts and fund losses. The Bankers Association ...
News Philippines Investment funds: More hot money exits Philippines March
MANILA, Philippines — More speculative funds left the Philippines in March, ending two straight months of net inflow following the interest rate liftoff by the US Federal Reserve and the impact of Russia’s invasion of Ukraine, resulting in a net outflow for foreign portfolio investments in the first quarter of the year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the Philippines booked its biggest net hot money outflow in eight...
News Philippines Investment funds: 10 electric car makers eye investments in PH
At least 10 electric vehicle (EV) manufacturers are keenly eyeing investment opportunities in the Philippines, as the government announced the re-allocation of the remaining P9-billion fund from the country’s biggest automotive incentives program to EV manufacturing.
News Philippines Investment funds: Philippines' Voyager Innovations Raises $210 Mln From Susquehanna, KKR, Tencent
By Anniek Bao Philippine fintech specialist Voyager Innovations has raised $210 million in funding from trading and investment firm Susquehanna International...
News Philippines Investment funds: Voyager fintech startup raises $210M, becomes the second unicorn in the Philippines
Voyager Innovations Inc., a leading technology startup based in the Philippines, announced on Tuesday, April 12, that it was able to raise $210 million in its most recent funding round. With the new ...
News Philippines Investment funds: PayMaya operator is Philippines' second 'unicorn' after $210-M fundraising
The fundraising pushed up Voyager’s valuation to nearly $1.4 billion, cementing its status as the Philippines’ second “unicorn” next to “double unicorn” Globe Fintech Innovations Inc. (Mynt), operator ...
News Philippines Investment funds: Dollars from bond sale, BSP's investments lift reserves in March
The Philippines’ gross international reserves amounted to $108.54 billion in March, up from $107.8 billion in February.
News Philippines Investment funds: PRRD signs law amending Foreign Investments Act
MANILA – President Rodrigo R. Duterte has signed into law a measure amending the Foreign Investment Act (FIA) to make the Philippines more accessible to foreign investors.Signed by Duterte on March 2 and released on Friday, Republic Act (RA) 11647 amends RA 7042 or the Foreign Investments...
News Philippines Investment funds: Australian gov’t, Macquarie channel investment to female-led Philippine SMEs
THE Australian government and the Macquarie Group Foundation said they helped channel capital to 13 small- and medium-sized enterprises (SMEs) led by women in the Philippines, creating 1,068 full-time ...
News Philippines Investment funds: Community members laud Philippines’ investment programme RTB27
Members of the Filipino community in Qatar lauded the Philippines Retail Treasury Bond (RTB) as one of the means to fund the national government emer...
News Philippines Investment funds: BSP unlikely to issue digital currency
A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration ... “Exploratory works on identified uses cases for CBDC in the Philippines are currently being undertaken ...
News Philippines Investment funds: Philippine peso drops to 51.40 vs US$: Will it slide further?
New law liberalising foreign ownership of local retail industry kicks in. Most analysts expect the Philippine currency to weaken further to 52 to $1 in 2022 amid the growing demand for greenback.
News Philippines Investment funds: Philippine dollar reserves dip
These were also 0.2% lower than a year earlier. “The month-on-month decrease in the GIR level reflected mainly the National Government’s payments of its foreign currency debt obligations and downward ...
