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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 201328 [Title] => CalPERS pulls out of Asean; RP fate hangs [Summary] => The US-based California Public Employees Retirement System (CalPERS) has completely liquidated some $1.1- billion worth of assets in Indonesia, Malaysia and Thailand but its investment in the Philippines still hangs on a balance as the government finalizes its report disputing the funds decision to classify the country as non-eligible for its investments.
CalPERS reported this week that it has completed the realignment of its investments in emerging markets where Southeast Asian countries accounted for 9.5 percent of the assets marked for liquidation.
[DatePublished] => 2003-04-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PERMISSIBLE COUNTRY
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 201328 [Title] => CalPERS pulls out of Asean; RP fate hangs [Summary] => The US-based California Public Employees Retirement System (CalPERS) has completely liquidated some $1.1- billion worth of assets in Indonesia, Malaysia and Thailand but its investment in the Philippines still hangs on a balance as the government finalizes its report disputing the funds decision to classify the country as non-eligible for its investments.
CalPERS reported this week that it has completed the realignment of its investments in emerging markets where Southeast Asian countries accounted for 9.5 percent of the assets marked for liquidation.
[DatePublished] => 2003-04-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Des Ferriols | April 3, 2003 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
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