Economy

THE Bangko Sentral ng Pilipinas (BSP) draft rules to prohibit association of digital marketplaces with online casinos could dampen the growth of the booming electronic gaming sector, the Philippine Amusement…

THE Board of Investments (BoI) said it has endorsed for expedited permit processing Vena Energy’s P75-billion wind and solar projects. “With a combined investment of approximately P75 billion, these projects…

THE Philippine Economic Zone Authority (PEZA) said it is evaluating an application to register a General Santos City economic zone filed by Alsons Group. In a Facebook post, PEZA Director…

KOREA ELECTRIC Power Corp. (KEPCO) remains interested in participating in Philippine renewable energy (RE), smart grid, and nuclear energy projects, the Department of Energy (DoE) said. In a statement on…

AT LEAST FOUR more major electricity users are switching providers within the first half under the expanded Retail Aggregation Program (RAP), the Energy Regulatory Commission (ERC) said. ERC Chairperson and…

FOREIGN RESIDENCY is becoming more attractive to High Net Worth Individuals (HNWIs) in the Philippines in the face of economic and geopolitical uncertainty, according to Henley & Partners, a residence…

THE GOVERNMENT needs to enhance its statistics-gathering capabilities to better track investments and address data shortcomings that limit its ability to assess how investment approvals are yielding foreign direct investment…

GENPACT LTD. said it launched a new delivery operations center in Bohol to support e-commerce clients. “This expansion is expected to create hundreds of jobs for Boholanos, offering them the…

FOREIGN direct investment (FDI) is on track to exceed 2019 levels this year, with investors drawn in by reforms that have made the Philippines a more attractive investment destination, the…

DEMAND for instant noodles is projected at 120 billion servings at least in 2025, according to the World Instant Noodle Association (WINA). “We are in the process of putting together…