Foreign direct investments yield $481M net inflow in June, up 7.1% — BSP

MANILA, Sept 16 (Mabuhay) — Foreign direct investments (FDI)—investments made by foreign companies or individuals in the Philippines— saw further improvement in June amid the easing of lockdown restrictions during the period, the Bangko Sentral ng Pilipinas (BSP) reported...

BSP warns public vs. cheque scams

MANILA, July 24 (Mabuhay) — The Bangko Sentral ng Pilipinas Wednesday warned the public against a scam that asks for money from unsuspecting individuals in exchange for checks worth millions of pesos. In an advisory, the central bank said the checks were “supposedly issued...

IMF Managing Director cites Philippines and other emerging markets’ role to global growth

International Monetary Fund Managing Director Christine Lagarde cited the “critical role” played by the Philippines and other emerging markets in the Asia-Pacific region in driving global growth which she said has helped stabilize the economies of this part of the world. Lagarde,...