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P110B in new investments show of trust in Duterte, says DOF
The two upcoming big-ticket investments worth a total of P110 billion in the energy and tobacco sectors reflected foreign investors’ trust and confidence in the Duterte administration, Finance Secretary Carlos G. Dominguez III said Thursday.In a statement, Dominguez noted of the P64.5 billion to be infused by Macquarie Infrastructure Management (Asia) Pty Ltd and Arran Investments as a new investor in renewable energy producer Energy Development Corp. (EDC).To recall, a consortium of funds being managed by Macquarie and Arran earlier ... UPS upbeat on Philippines
MANILA, Philippines - UPS, a global logistics giant, plans to further expand its reach through partnerships and innovation to capitalize on the Philippines’ growing economy.“The future is really bright for the Philippines,” UPS Philippines newly appointed managing director Christopher Buono said in a briefing yesterday.He said UPS is constantly looking for opportunities to grow with other customers and companies.“We’re also looking for opportunities for growth with Air21 in other areas,” Buono said. In 2015, UPS en... Macau’s Galaxy Casino to enter Philippines
MANILA, Philippines - Macau-based Galaxy Casino is betting big on the Philippines, taking advantage of the country’s booming gaming sector, industry sources told The Star.The gaming firm, a subsidiary of Galaxy Entertainment Group, has chosen Negros Occidental Rep. Alfredo “Albee” Benitez as its local partner, the sources said.Benitez, founder of Leisure and Resorts World Corp. (LRWC), has been in the gaming business for decades and knows the industry like the back of his hand. He has been busy forging partnerships to bring inve...
IRO Message
The newly approved Philippine Development Plan (PDP) 2017-2022 is now available for download at The first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, the PDP 2017-2022 represents the collective vision and aspirations of Filipinos for themselves and for the country.

The PDP al...
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