Del Monte Pacific Limited reported a 64 percent jump in net profit to $35.8 million in the second quarter ending in October of its fiscal year 2022, from $21.9 million in the same quarter last year. In a disclosure to the Philippine Stock Exchange, the firm said it continued to improve its gross ma
DAVAO CITY The lone Islamic city in the country has improved its peace and order situation after the terror war in 2017, but it still needs help in investment promotion to recover its pre-2017 economy as one of the centers of trade and commerce in the Bangsamoro region. Prominent Marawi businessman,…
Finance Secretary Carlos Dominguez III (file photo) MANILA - Finance Secretary Carlos Dominguez III pitched before foreign investors Friday the Philippines' "game-changing undertakings" to ensure a strong, inclusive, and resilient recovery from the pandemic as he urged them to take part in these initiatives to help achieve a 'sustainable and better future" for the Filipino people. These game changers include a fast-tracked digitalization program across the Philippine bureaucracy, the timely passage of the corporate tax reform law, the establishment of a national identification system, measures to improve the ease of doing business, the sustained modernization of the country's infrastructure, and ambitious climate adaptation and mitigation projects, he said. Dominguez said investment partnerships with foreign investors can be strengthened in the areas of infrastructure development, manufacturing, digital technology, renewable energy (RE) and research and devel
Finance Secretary Carlos Dominguez III (file photo) MANILA - Finance Secretary Carlos Dominguez III has showcased before Japanese investors the Philippines' "brightening economic prospects" supported by a strong financial position and the Duterte administration's game-changing initiatives, urging them to take part in the country's shift to a "new and better" post-pandemic recovery. "The Philippines is more than ready for a new and better normal," he said in stressing that business partnerships with Japan can be strengthened in the areas of infrastructure development, manufacturing, digital technology, renewable energy (RE) and research and development (R&D) activities. "We have gone through a difficult episode and proved that our institutions are strong enough to keep our people safe and prosperous. We have laid down firm foundations to ensure a stable recovery towards a more inclusive economy. We have what it takes to do this," D