Bilyonaryo - Business

Marcos Jr.’s economic team courting Singaporean investors

June 15, 2023

Bilyonaryo.com

The economic managers of President Bongbong Marcos is welcoming Singapore-based investors interested in conducting business in the Philippines.

They have even suggested the proposed Maharlika Investment Fund (MIF) as a possible investment option for Singaporean investors.

“We actually opened up many sectors in the economy to 100 percent ownership, telco, airports, shipping, toll roads, and of course, renewable energy has been opened up also for full investment, full ownership. So private sector who wants to come into the Philippines and invest in these areas? You’re welcome,” Finance Secretary Benjamin Diokno told Singapore-based business leaders, bankers, and investors during the Philippine Economic Briefing held in the city-state earlier today.

Diokno said the MIF will be an important addition to the country’s existing funding mechanisms, with the aim of promoting socio-economic development through investments in strategic, high-return, high-impact sectors, including infrastructure.

““We have identified another source of funding for these very important infrastructure projects that will make a difference in the landscape of the Philippine economy. It (also) has commercial purposes because the fund has to earn money. So you have short-term, long-term investment, and we propose to create several sub-funds––infrastructure fund, maybe a green fund, and so on,” he said.

During the briefing, DBS Group CEO Piyush Gupta commended the country’s robust growth performance and shared that the Philippines is among the top 10 nations of interest for Singapore investors and Singaporeans.

Related News Tags: economic team, Maharlika Investment Fund (MIF), President Bongbong Marcos, Singapore

Follow Bilyonaryo BUSINESS on Google News

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

He’s back! JAZA happy on brother Fernando Zobel’s return to BPI board after year-long absence

Magagalit daw kasi Ginebra fans: RSA thinks San Miguel’s P1 billion PBA budget will feed and put to school a lot of Filipinos

Al Tengco enlists DAP to streamline Pagcor’s casino privatization process

Philippine growth outlook dimmed by ADB due to inflation and global headwinds

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

He’s back! JAZA happy on brother Fernando Zobel’s return to BPI board after year-long absence

Magagalit daw kasi Ginebra fans: RSA thinks San Miguel’s P1 billion PBA budget will feed and put to school a lot of Filipinos

Al Tengco enlists DAP to streamline Pagcor’s casino privatization process

Philippine growth outlook dimmed by ADB due to inflation and global headwinds

Mining’s resurgence: Manny Pangilinan’s vision for green technology

Philippine mining industry undergoes positive change with Marcos Jr. – COMP

Metro Pacific, Aboitiz Power booted out of PSE Index: Ricky Razon’s Bloomberry, Po bros’ Century Food step in

Out of the loop na kasi? Ben Diokno is in play for Maharlika Fund top post with Ralph Recto touted next Finance Secretary

Recommended from sister websites

Power

Garcia-Escaño’s Vivant Group pioneers seawater desalination in Mactan

A subsidiary of the Cebu-based Vivant Group has invested P2 billion to finalize the Philippines’ inaugural large-scale seawater desalination project in Cordova, Mactan, scheduled for completion in December of this year.

Money

Economists’ consensus: BSP expected to maintain key interest rates

A resounding consensus has emerged among economists polled by Bilyonaryo.com with 21 out of 24 respondents expecting the Bangko Sentral ng Pilipinas (BSP) to keep its key interest rates unchanged during today’s Monetary Board meeting.

Business

He’s back! JAZA happy on brother Fernando Zobel’s return to BPI board after year-long absence

Bilyonaryo Fernando Zobel de Ayala is back in the boardroom of Bank of the Philippines Islands and his older brother Jaime Augusto Zobel de Ayala couldn’t hide his joy.

Property

Cities wiped out, or nearly, by disasters

The coastal city of Derna in Libya, devastated by a huge flash flood, joins a grim list of metropolises nearly annihilated by natural disasters since the turn of the century.

Latest on Bilyonaryo

Unlocking value: PDIC raises P171 million from sale of closed banks’ assets

Economists’ consensus: BSP expected to maintain key interest rates

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

He’s back! JAZA happy on brother Fernando Zobel’s return to BPI board after year-long absence

Dollar rallies, US stocks fall as Fed signals it could hike again in 2023

US Fed holds interest rates at 22-year high

Back to Bilyonaryo.com homepage

Exclusive!

From copycats to inspiration: Iloilo City’s sustainability journey

July 22, 2023

Iloilo City, already establishing itself as a prime example of a green city, continues to push forward.