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Foreign investment pledges in 4Q up 30% to P174 billion
Foreign investment pledges made with six investment promotion agencies of the government increased to P173.61 billion in the fourth quarter, up 30 percent from the P133.47 billion made in the year-earlier period, the Philippine Statistics Authority said.
Broadening price pressures compel BSP to raise rates anew by 50 basis points
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) at its meeting on Thursday raised the interest rate on the its overnight reverse repurchase facility by 50 basis points to 6 percent, effective tomorrow, 17 February 2023.
BSP greenlights GCash Overseas beta app
GCash, Globe Telecom’s mobile wallet, on Thursday secured the approval of the Bangko Sentral ng Pilipinas (BSP) to use the e-wallet overseas using international...
OFW remittances hit all-time high of $36.1B
The amount of US dollars sent by overseas Filipino workers (OFWs) hit an all-time high after a strong finish in December, according to the...
Japan credit watcher affirms country’s A-grade
Japan Credit Rating Agency (JCR) affirmed the country’s credit standing with an ‘A-’ rating and a stable outlook amid global uncertainties and a high inflation environment.
