Multinational consumer goods company Unilever will invest P4.7 billion in the Philippines as it plans to automate and digitalize its operations in the country.
This developed after President Ferdinand Marcos Jr. met Unilever officials led by Matt Close, the company's president of the global business group, to discuss investment opportunities.
Marcos thanked the Unilever executives for their strong commitment to the Philippines, saying that it was "good to see that Unilever is continuing with that trend.” The other measure is the removal of foreign ownership restrictions on undertakings aimed at harnessing renewable sources of energy that had been previously capped at 40%.
“It complements the President’s thrust of attracting more foreign investment to prop up the country’s manufacturing sector considering its huge domestic market,” the OPS said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rosal less likely to directly bring heavy rains, moves away from PhilippinesTropical Storm Rosal continues to move away from the country’s landmass, partly enhances amihan, the weather bureau PAGASA reported in its 11 p.m. bulletin on Monday.
Read more »
Marcos to meet King Philippe, seek Philippines-Belgium strategic partnership“Our relationships have remained strong and vibrant based on shared values, common interest, and the good reputation that Filipinos have built not only here in Europe but all over the world,” Marcos said. “It will also be an opportunity to convey to the King that the Philippines intends to pursue a strategic partnership with Belgium in various fields,” he added.
Read more »
Sole-ful Jordan Brand expands Wings Scholars Program to the PhilippinesSo you think that much hyped kicks everyone is wearing is just plain fashionwear? Think again. Jordan Brand, the sports wear with the iconic image of the greatest basketball player of all time, Mic…
Read more »
Be protected and get guaranteed returns with AIA Philippines’ Income Assure 10Where do you put your excess money when the market is unpredictable?
Read more »
ADB raises 2022 economic growth forecast for Philippines to 7.4%As employment data improved and tourism recovered thanks to the lifting of COVID-19 mobility restrictions, the ADB now expects Philippines’ gross domestic product to grow by 7.4 percent in 2022, better than its 6.5 percent forecast last September.
Read more »
Philippines can’t deliver on climate programs without stronger budget, int’l financing commitments — ADB - BusinessWorld OnlineTHE PHILIPPINES needs to budget more effectively and tap more financing for its climate-change mitigation efforts, given the limited internal resources available to meet its international commitments, the Asian Development Bank (ADB) said. “With only 2.7% of the 75% (emissions reduction) target to be financed through the public budget, turning ambition into delivery will depend […]
Read more »