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Malaysian bank to establish PH presence
A listed Malaysian bank will establish presence in the Philippines as it expects to get the Bangko Sentral ng Pilipinas’ (BSP) nod before yearend.On the sidelines of the Financial Executives Institute of the Philippines’ 2017 conference Friday, BSP Deputy Governor Chuchi G. Fonacier told reporters that of the eight foreign banks that Governor Nestor A. Espenilla Jr. earlier said had expressed interest to do business here, two were from Asean, and one of them already submitted the requirements.Fonacier said the application of the Mal... BOI investment pledges hit P392.03B, up 32%
Investment pledges registered with the Board of Investments (BOI) reached P392.03 billion as of Oct. 4, a 32-percent increase from the P296.04 billion recorded in the same period last year.The investment commitments were spread across 332 projects registered under BOI so far this year.This moves the investment promotion agency closer to reaching its yearend target, which was recently raised to P550 billion from the previous target of P500 billion.ADVERTISEMENTFor the past five years, the BOI recorded an average annual investment commitm... Philippines economic outlook promising — Espenilla
MANILA, Philippines — Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the country’s economic outlook remains promising amid the meaningful reforms implemented by authorities over the past two decades.“The Philippines is recognized as one of the fastest growing and most resilient economies in the region and the world, enjoying a sweet spot of high growth and manageable inflation complemented by a strong and resilient financial system,” Espenilla told participants in an investor forum.The economy grew 6.5 percent in...
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Presentations during the Philippine Economic Briefing held in New York, USA on October 11, 2017 are now available for viewing and download at CLICK HERE ...
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