Business Newsbriefs - Nov. 21-27, 2016

BOI bats support for SMEs

The Philippine Board of Investments is currently working on the 2017 investments priorities plan geared towards providing fiscal support to inclusive business projects that benefit the micro, small, and medium enterprises (MSMEs). 

Trade and Industry Secretary and BOI Chairman Ramon Lopez said the target date of submission is considered as milestone undertaking for the agency, with the list already with President Rodrigo Duterte for approval before the end of the year. 

Based on the sectoral consultations and meetings conducted, the preferred activities for 2017 may include manufacturing, agribusiness, and services as major areas…

Read more: Business Newsbriefs - Nov. 21-27, 2016

Net foreign investments jump 32%

MORE foreign-led job generating investments entered the country during the second month of the Duterte administration on the back of sustained investor confidence.

According to data released by Bangko Sentral ng Pilipinas, net foreign direct investment (FDI) inflows reached $711 million in August, 32 percent higher than $539 million recorded in the same month last year.

The net inflows in August surpassed July’s $503 million, June’s $238 million and May’s $364 million. The figure however,was lower than the $2.244 billion in April.

Foreign investments in debt instruments or intercompany borrowings which accounted for the bulk of FDIs in August,…

Read more: Net foreign investments jump 32%

Deliberations for biggest budget ever underway

SENATOR Loren Legarda has vowed to make the 2017 national budget not just “mere compilation of cold and impersonal words and numbers” but rather “the lifeblood of our nation, crafted to fuel hope and inspire our people to believe in our future again.”

Legarda described the proposed P3.35-trillion national budget for 2017 as the “biggest annual budget ever assembled which she hopes will help deliver the change that our people want and need.”

Legarda issued the statement in her capacity as Senate Finance Committee chairman following her presentation in the plenary of the proposed 2017 General Appropriations…

Read more: Deliberations for biggest budget ever underway

PH leads in global financial inclusion

FOR having performed consistently well across all indicators the   Philippines is once again named as one of the global leaders in financial inclusion.

In its 2016 report, the Global Microscope on the Enabling Environment for Financial Inclusion has ranked the Philippines third in the world, tied with India, in terms in terms of having conducive environments for financial inclusion.

The Philippines and India ranked highest among 10 Asian countries. Colombia and Peru tied for the number one spot.

According to the 2016 report, Colombia, Peru, India and the Philippines are the four strong leaders having performed consistently well across…

Read more: PH leads in global financial inclusion

Marcos Case Exposes Top 3 Failures of a Leader

THE mayhem in social media on the burial rights of a past President crossed every ocean.  Why do so many people have vile opinions on a man who, in comparison to other past Presidents, still shared a key number of successes?  Just like the corporation you run or maybe one you work for, there are three failures that will haunt a leader. 

First, more often than not, building an organization around a person or a group of people has many dangers.  A successful organization needs structure that enables talent to be developed on all levels of the organization.


Read more: Marcos Case Exposes Top 3 Failures of a Leader

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