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House leader wants PH as alternate finance hub in Asia

MANILA - A lawmaker on Tuesday urged the Department of Trade and Industry (DTI) to present the Philippines as the alternative finance hub of the Western Pacific as more foreign businesses in Hong Kong are eyeing to move out due to the government's strict Covid-19 protocols. Deputy Speaker Bernadette Herrera said the government could consider Bonifacio Global City (BGC) Taguig, Clark, Makati City, Quezon City, and Metro Cebu as prime alternative finance hubs given the recent development in Ho...
City Of Taguig Hong Kong Makati City San Pedro Makati Sharon Garin Bernadette Herrera

Solons say PSA amendments game-changer in PH economy

MANILA - Members of the House of Representatives on Tuesday lauded the enactment of a law amending the 85-year-old Public Service Act (PSA), which could be a game-changer that would open up the Philippine economy to more foreign investors. House Committee on Economic Affairs chair Sharon Garin said the passage of the law will increase the Philippines' foreign direct investments (FDI) by around PHP299 billion over the next five years. Garin said it is also expected to increase the gross domes...
Bernadette Herrera Sharon Garin Rodrigo Roa Duterte House Committee On Economic Affairs Public Service Act Public Service

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