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Philippines
Friday, June 21, 2024

Banking & Finance

PH balance of payments posted $2-b surplus in May

The Philippines posted a $2-billion balance of payments (BOP) surplus in May 2024, rebounding from the $439-million deficit recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). “The BOP surplus in May 2024 reflected inflows arising mainly from the national government’s net foreign currency deposits with the Bangko Sentral ng Pilipinas which include proceeds from its issuance of ROP global bonds and net income...

PH asks Japanese firms to hike investments

The Philippine economic team lead by Finance Secretary Ralph Recto asked Japanese...

Philippines GIR climbed to $105 billion in May 2024

The gross international reserves (GIR) of the Philippines climbed to $105 billion...

Maya: Customers develop stronger savings habits

Maya, the leading digital bank in the Philippines, said Wednesday its customers...

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Rural Bank of Sta. Rosa seeks capital increase to P1.2b

The Rural Bank of Sta. Rosa (Laguna) Inc. submitted a request to the Bangko Sentral ng Pilipinas (BSP) for an authorized capital increase to...

Visa supports women-owned SMEs, youth in ASEAN with financial skills

Visa, a global leader in payment solutions, said it is committed to promoting digital and financial inclusion by equipping women and youth in Southeast...

Japan’s Ayudante eyes PH expansion

Ayudante, the Japan-based leading digital marketing and digital measurement consulting agency, announced its acquisition of Sparkline, a Singapore-based independent digital marketing business and pioneering...

BSP likely to maintain rates this month to support peso

The Bangko Sentral ng Pilipinas (BSP) is expected to keep interest rates unchanged this month to prevent the further depreciation of the peso against...

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