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By Katrina A. Holigores | May 25, 2012 - 12:00am
Recommended
Foreign portfolio investments exited the Philippines in the first four months as investors turned more cautious amid geopolitical tensions, a strong dollar and uncertainty over global interest rates. Preliminary data from the Bangko Sentral ng Pilipinas showed registered foreign portfolio investments posted a net outflow of $4.41 billion from January to April, reversing the $923.34-million net inflow recorded in the same period last year.
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Vehicle sales in the country are expected to decline by five to eight percent this year, lower than initially expected, amid improving demand, according to the Chamber of Automotive Manufacturers of the Philippines Inc.
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Imelda Schweighart came up short during the recent inaugural Miss Grand International All Stars competition, a contest that came at a personal cost.
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The country’s largest business organization is calling on the government to reconsider the proposed P240 immigration fee amid the energy crisis and rising prices.
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