Philippine President's Foreign Trips Questioned for Investment Claims
Philippine President's foreign trips have been touted for attracting massive investments, but reports suggest these often consist of MOUs and expansions by existing firms. Corruption and infrastructure issues within the country are identified as key barriers to genuine investment climate improvement.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Cebu Pacific Franchise Renewed for 50 Years by House of Representatives
The Philippine House of Representatives has approved on final reading a bill renewing the franchise of Cebu Air Inc., operating as Cebu Pacific, for another 50 years. This ensures the airline's continued contribution to the nation's air transport network.
- PSEi Snaps 2-Day Rally on Profit-Taking; Peso Ends Almost Flat
The Philippine Stock Exchange index (PSEi) declined on Tuesday, snapping a two-day rally as investors engaged in profit-taking. The Philippine peso, meanwhile, closed nearly unchanged against the US dollar. Lower foreign direct investment inflows also contributed to market sentiment.
- House Approves 50-Year Franchise Renewal for Cebu Pacific
The Philippine House of Representatives has overwhelmingly approved a bill granting budget airline Cebu Pacific a new 50-year franchise. This renewal allows the company to continue its operations in the domestic aviation market for the next half-century.
- Estrada suspended anew for 90 days over plunder charges
The Sandiganbayan Fifth Division has ordered a new 90-day preventive suspension for Senator Jinggoy Estrada, who faces plunder charges. This suspension removes him from his Senate seat and any other public office he holds.