News

Foreign investment inflows drop 48.5% in June

MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening  trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in th...

Read more

Suyen to Venture into Real Estate

Suyen Corp., a retail conglomerate owned by Bench founder Ben Chan, is venturing into the real estate business through investment in Clark Global City of businessman Dennis Uy.   Suyen and Global Gateway Development Corp. of Udenna Group signed a memorandum of agreement for the sublease of 2,886 square meters at the latter’s 177-hectare leasehold within the Clark Freeport Zone in...

Read more