The Bangko Sentral ng Pilipinas (BSP) continues to make progress in sustainable finance as it releases the third phase of regulations aimed at fostering wider adoption of sustainability principles in the domestic financial system.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the Duterte administration has created a vibrant business environment in the last six years that helped attract investments in the manufacturing sector.
Pasay City – Under the Duterte administration and despite the threats and challenges of the pandemic, the effects of the Russian-Ukraine war, the global inflation, and recession, the Philippine Economic Zone Authority (PEZA) continuously attracts new investments and expansions of existing investors and ecozone developer-locators nationwide.
Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion has urged the next administration of President-elect Ferdinand “Bongbong” Marcos to continue the support for micro, small and medium enterprises (MSMEs).
Two major global banks — HSBC and Standard Chartered Bank- have hiked their 2022 growth forecast for the Philippine economy following the higher-than-expected expansion in the first quarter, which is also the reason for the projected hikes in the central bank rates.
Under and through the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, the Philippine government now provides generous fiscal incentives for investments in new technologies.
Philippine economic growth is projected to remain robust this year despite the hit from the Omicron variant in January given the strong job creation in December 2021 and the expected rise in infrastructure spending.
The Unified Student Financial Assistance System for Tertiary Education (UniFAST), an attached agency of the Commission on Higher Education (CHED), posted a 99.67% overall budget utilization rate (BUR) of its Fiscal Year 2020 allotment for the programs under Republic Act 10931 or Universal Access to Quality Tertiary Education Act.
Department of Trade and Industry (DTI) Secretary Ramon Lopez has assured American businesses that the agency will continue reforms that will facilitate the growth of businesses and investments here.