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Immigration and Business in the Philippines
Philippines' Largest Pension Fund Buys Stocks for Self-Rescue
As the Philippines faces its largest historical capital outflow, the Philippine national pension fund, which previously successfully exited at the market peak, has begun re-entering the market to purchase domestic stocks. In April, the fund chose to sell as the Philippine stock index hit a historical high; subsequently, the index fell for six consecutive months, marking its longest losing streak in 13 years.
Philippines Plans to Build 1.1 Gigawatt Coal-Fired Power Plant
Immigration and Business in the Philippines: Semirara Mining and Power Corporation, a Philippine coal mining giant, plans to build 1.1 gigawatts of new coal-fired power capacity over the next three to four years.
The Philippines May Halt Sugar Exports
Immigration and Business in the Philippines: The Sugar Regulatory Administration (SRA) of the Philippines recently stated that to meet the growing demand in the domestic market, the Philippines may halt sugar exports this year.