Net foreign direct investment (Sept. 2022)

Source: BusinessWorld

The unnumbered substitute bill creating the Maharlika Investment Fund (MIF) was formally approved during an executive session by the House Committee on Banks and Financial Intermediaries, its chairman, Manila Rep. Irwin C. Tieng, announced last Monday...

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Net foreign direct investments (FDI) shrank to $626 million in September, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, 7.9 percent lower compared to the $680 million posted a year earlier...

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The Philippines’ deficit in the trade of goods for a month narrowed by 13.5 percent to $3.3 billion in October from $3.82 billion in the same month of 2021, according to the Philippine Statistics Authority...

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Foreign investments received by the country posted a double-digit decline in the first three quarters of the year, according to data released by the Bangko Sentral ng Pilipinas (BSP)...

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The Philippine Health Insurance Corp. (PhilHealth) announced last Monday it will launch next year a benefit package that would address Filipinos’ growing mental healthcare needs...

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Shipments of electronic products boosted the country’s export earnings to its highest growth in over a year, according to the Philippine Statistics Authority (PSA)...

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President Ferdinand Marcos Jr. on Monday expressed his support for the creation of a multibillion-peso Maharlika Wealth Fund (MWF) and urged the public to let lawmakers come up with a “perfect” version of the bill before debating its features...

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The House of Representatives upheld its commitment to serve the needs of state universities and colleges by approving on final reading House Bill (HB) 6416 which seeks to strengthen the mental health services provided by SUCs...

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Telecommunications companies are set to roll out online SIM registration and start selling new SIMs in deactivated mode after the National Telecommunications Commission (NTC) issued the implementing rules and regulations (IRR) of the SIM Registration Act...

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The three telco operators in the Philippines welcomed the issuance of the implementing rules and regulations (IRR) of the SIM Registration Law, saying that they are now preparing for the law’s full implementation...

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The House of Representatives on Monday approved on third and final reading several agriculture-related bills, including the extension of the agricultural competitiveness enhancement fund (ACEF) and the proposed New Agrarian Emancipation Act...

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A bill filed at the House of Representatives seeks to rename the Agham Road and BIR Road in Quezon City as the Senator Miriam P. Defensor-Santiago Avenue...

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To motivate the youth’s interest in agriculture, Camarines Sur Rep. Gabriel Bordado Jr. has proposed a measure that will start them young — by teaching farming and related skills in public elementary schools in the country...

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Regulators have ordered a status quo with regard to supplier-implemented rate hikes disputed by large power consumers...

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The Securities and Exchange Commission (SEC) is looking to accredit service providers and agents to assist in the processing of registrations and other regulatory transactions...

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A coalition of medical societies, youth groups, and civil society organizations on Monday called for higher excise taxes on alcohol, cigarettes, e-cigarettes, and heated tobacco products...

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The Bureau of Customs (BOC) and the Department of Justice must speed up the filing of non-bailable charges of economic sabotage against agricultural smugglers taking advantage of the increased consumer demand during the Christmas holidays...

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IBM Corp said on Tuesday it is partnering with Rapidus, a newly formed chip maker backed by the Japanese government, to help it manufacture the most advanced chips currently available...

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Will a robot ever make your blue jeans? There is a quiet effort underway to find out — involving clothing and technology companies, including Germany’s Siemens AG and Levi Strauss & Co...
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Artificial intelligence has dazzled the world with AI-generated photos. Now, prepare to be amazed by AI-generated written content from ChatGPT!...

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The Armed Forces of the Philippines (AFP) yesterday reassured the public that it is continuously patrolling the country’s territorial waters in the West Philippine Sea (WPS)...

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President Ferdinand "Bongbong" Marcos Jr. on Tuesday met with European Union (EU) transport officials as a follow-up to his earlier promise that the Philippines will comply with the standards set by the European Maritime Safety Agency (EMSA) for Filipino seafarers...

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The state visit of President Ferdinand Marcos Jr. to China in early January 2023 will set the tone of relations between Manila and Beijing in the next five years, an official of the Department of Foreign Affairs (DFA) said...

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A senior United States delegation in China discussed ways to improve ties and the issue of Taiwan with their local counterparts, Beijing said on Monday, as they laid the groundwork for a planned visit by US Secretary of State Antony Blinken...

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Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs because of the impacts of COVID-19, but overall remained well above pre-pandemic levels, the International Monetary Fund (IMF) said on Monday...

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The International Monetary Fund’s executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review...

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A senior US delegation visiting China discussed ways to improve ties and the issue of Taiwan, Beijing said Monday, as the two sides laid the groundwork for a visit by Secretary of State Antony Blinken...

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The International Maritime Organization should adopt a more ambitious greenhouse gas emission reduction target by 2030, groups said as delegates from across the world gather in London to discuss how the shipping industry—the backbone of global trade—can accelerate its climate mitigation efforts...

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President Volodymyr Zelensky urged G7 nations on Monday to provide extra gas and weapons to help Ukraine survive a brutal winter, which threatens to bring further suffering to millions in the war-torn country...

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China said on Monday it would retire an app used to track travel to areas with coronavirus cases, a milestone in the East Asian country's rapid turn away from its much-criticized zero-tolerance coronavirus strategy...

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Wall Street stocks surged Monday while European and Asian markets dropped as investors braced for interest rate decisions this week from major central banks, including the Federal Reserve...

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United States President Joe Biden spoke with Ukrainian leader Volodymyr Zelenskyy on Sunday and reiterated Washington's strong support for the war-torn country and welcoming his counterpart's "openness to a just peace," the White House said...

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China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances...

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Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note...

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President Ferdinand "Bongbong" Marcos Jr. voiced his support for the Maharlika Wealth Fund (MWF), saying the controversial proposal will benefit the country through the added investments it will bring...

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The Covid-19 positivity rates in the National Capital Region (NCR) or Metro Manila and several provinces have risen over the past week, OCTA Research said...

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The Commission on Human Rights (CHR) has commended the Department of Social Welfare and Development (DSWD) for protecting the indigenous peoples (IPs) against trafficking and exploitation...

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Satellite operator SES S.A. will deploy a medium earth orbit (MEO) constellation into space that will soon provide internet users in the Philippines with multiple gigabits per second of service...

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Senator Joseph Victor Ejercito on Monday backed mounting calls Monday for tougher sanctions against agricultural smugglers including slapping them with non-bailable charges of economic sabotage to effectively end their illegal activities...

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The Department of the Interior and Local Government (DILG) backed the implementation of a unified ticketing system, with Interior Secretary Benjamin "Benhur" Abalos Jr. saying the system will lead to better enforcement of traffic rules and regulations for the benefit of motorists and commuters in Metro Manila...
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A Nongovernment organization that focuses on mental health has urged the government to prioritize mental health services in the universal health care program...

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Enraged parents whose children have been continuously suffering from the alleged serious adverse effects of the anti-dengue Dengvaxia vaccine have assailed the Department of Health (DoH) for abandoning them when it reportedly failed to renew its memorandum of agreement (MoA) with private hospitals for a special lane for their kids...
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Local insurers will officially be required to hike their capitalization at the onset of 2023 as the government will no longer postpone the implementation of the measure...

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An official of the Sugar Regulatory Administration (SRA) on Tuesday said that the retail price of raw and washed sugar "surprisingly" went up by P20 per kilo, which now sell at P90 per kilo...

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The Philippine stock market ended flat yesterday as investors stayed on the sidelines ahead of the release of the latest US inflation and persistent worries that rate hikes will continue...

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Real estate management firm Leechiu Property Consultants (LPC) said that 2022 Philippine office demand registered at 975,000 square meters (sqm) for the fourth quarter of 2022, surpassing the combined demand of 2020 (389, 000 sqm) and 2021 (540,000 sqm)...

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For the fourth consecutive week, oil companies lowered their pump prices on Tuesday, Dec. 13, 2022...

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