Foreign fund managers withdrew funds from the local equities and money markets in March 2024 amid the heightened global uncertainties and delayed interest rate adjustment by the US Federal Reserve.
Data from the Bangko Sentral ng Pilipinas showed that foreign portfolio investments, or hot money, registered $236 million in net outflows in March, a reversal of the $689-million net inflows in February.
The BSP said transactions on foreign investments registered through...
The domestic banking industry is expected to remain stable in the next two years as the economy’s sustained resilience amid the domestic and external...
Bayad, the largest multi-channel payment platform in the Philippines, teamed up with Eplayment, a creator and esports platform aggregator which offers a one-stop shop...
Cash remittances grew 5.7 percent in November to $2.64 billion from $2.50 billion a year ago, on sustained deployment of Filipino workers overseas amid...
