Four of the top six economies on the scorecard are from Asia, including China, the Philippines and Thailand. China and Thailand are drawing support from current-account surpluses, relatively strong growth and benign inflation. The Philippines’ current-account deficit and high inflation rates are partly offset by growth of more than 6 percent
“A closer attention is now paid to economic growth outlooks of each emerging economy amid successive rate hikes,” said Tsutomu Soma, general manager of the investment trust and fixed-income department at SBI Securities Co. in Tokyo. “Investors are also deciphering how each country is impacted by the U.S.-China trade frictions. They will continue to be more selective with their investments given such circumstances.”
Read more: bloomberg
Taipei, Nov. 29 (CNA) Taiwan's Chinese National Federation of Industries signed six memorandums of understanding (MOU) with Filipino industry associations in Taipei Thursday and is looking for further opportunities for cooperation in the electronics, electric motorbike and plastics industries.
In an annual Taiwan-Philippines Industrial Collaboration Summit, Deputy Economics Minister Wang Mei-hua (王美花) said the MOUs will increase the willingness of Taiwanese businesses to invest in the Philippines, where the two countries have long cooperated in the electronics industry.
Read more: Focus Taiwan
Ayala Corp. is in talks to provide land to a Chinese company planning to build one of the world’s biggest tire factories in the Philippines to avoid having to pay U.S. tariffs, Chairman and Chief Executive Officer Jaime Augusto Zobel said.
A CHINESE firm has committed to pour in $100 million for the development of a seaside integrated resort in Northern Luzon akin to South Korea’s tourism jewel Jeju Island.
The Cagayan Economic Zone Authority (Ceza) last week entered into a memorandum of understanding with Shanghai Jucheng Supply Chain Management Group on putting up a resort and tourism park in the eastern coast of Northern Luzon. Ceza said that side of the country’s fence remains untouched, and could be developed into a tourist destination.
Shanghai Jucheng is penciled to invest $100 million over the next years to develop the area into an integrated resort pictured to be Southeast Asia’s Jeju Island. The project will also shelter casino operations, as well as theme and water parks that will approximate tourism-driven complexes in China and major tourism attractions across the world.
“This is one of the few unspoiled spots in the country that will cater to the sun worshipper, the nature lover and the adventurer,” said Raul L. Lambino, Ceza administrator and CEO. He signed the memorandum with Shanghai Jucheng Founding Chairman Xue Chenbiao.
Lambino is optimistic the project will move forward this month. He said his agency and Shanghai Jucheng are just ironing out the details of this multimillion-dollar investment.
read more: BusinessMirror
CLARK, Pampanga—Claiming to be the “first in the Philippines and one of the first in the region,” PLDT Inc. is firing up its first 5G base station here to cater to the growing demand for connectivity in the enterprise sector.
Slated for sometime this month, the first 5G cell site will be one of the 13 existing towers to be upgraded to be 5G-ready. Another 12 are set to be constructed and deployed at the premier investment city in Central Luzon.
The telco partnered with the Bases Conversion and Development Authority to make Clark its first “5G City.”
This initiative, which is part of the P58-billion capital expenditures of the company for 2018, will be completed in the next six months.
“We are the first to deploy this technology in the country. The 5G tech ushers in a new era of intelligence services to power smart cities of tomorrow,” said Juan Victor I. Hernandez, the chief of PLDT Enterprise.
read more: BusinessMirror
MANILA, Philippines — The ongoing trade war between the US and China barely made a dent on operations of members of the Philippine Exporters Confederation Inc. (Philexport).
Based on the results of a survey conducted by Philexport covering 51 companies, 19 respondents or 37.3 percent did not feel the impact of the US-China trade war in their export business because they are not part of the supply chain of the two countries.
Of the respondents which are part of the US and/or China supply chains, 12 or 23.5 percent said they felt a slight impact, while nine respondents said they felt no impact, eight said there was moderate impact, and three experienced high impact.
AirAsia Philippines CEO and pilot Captain Dexter Comendador (third from left) poses for a photo with Ambassador Michael Peiyung Hsu of the Taiwan Economic Cultural Office (fourth from left) and the airline’s cabin crew.
MANILA – AirAsia is now flying from Manila to Kaohsiung in Taiwan.
The budget airline launched its inaugural flight from Terminal 3 of Ninoy Aquino International Airport to Kaohsiung International Airport, Taiwan’s second busiest airport, last October 30.
“AirAsia is thrilled to add Manila-Kaohsiung to our growing list of exciting places to visit in Taiwan. With AirAsia’s unparalleled low fares and visa-free access to Taiwan for Filipinos, now is the best time to explore this massive port city and home to skyscrapers, shopping malls, night markets, parks, and historical and natural wonders,” AirAsia Philippines CEO Captain Dexter Comendador said in a statement.
AirAsia flies from Manila to Kaohsiung every Tuesday, Thursday, and Saturday.
The budget carrier also has flights to Taipei from Manila, Clark, and Cebu.
read more: abs-cbn news Taiwan Kaohsiung
MANILA, Philippines — President Duterte has allowed the entry of more foreign investments in infrastructure projects and has permitted foreigners to practice some professions in the country.
The relaxing of restrictions on foreigners’ participation in infrastructure and some professions is contained in Executive Order No. 65 signed by Executive Secretary Salvador Medialdea on behalf of Duterte last Oct. 29.
The order seeks to promulgate the 11th regular foreign investment negative list, which enumerates the areas or activities open to foreign investors and those reserved only for Filipinos.
Duterte’s executive order updated the 10th regular foreign investment negative list signed by former president Benigno Aquino III in 2015.
Under the latest foreign investment negative list, up to 40 percent foreign equity is allowed for contracts for the construction and repair of locally funded public works.
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan