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Banking / Investment in Philippines

  • Foreign direct investment (FDI) notched up last year

    PHILIPPINES, 2013/06/20 A drive to increase the number of industrial parks opening their doors across the Philippines is gathering pace as the country moves to build on a landmark level of foreign direct investment (FDI) notched up last year. The Philippines Economic Zones Authority (PEZA) is spearheading efforts to expand the network of industrial and data technology (IT) free zones and further boost the growing presence of major multinationals.
  • The Bangko Sentral ng Pilipinas (BSP or central bank)

    PHILIPPINES, 2013/04/07 The Bangko Sentral ng Pilipinas (BSP or central bank) is set to relieve foreign exchange rules anew to allow individuals and businesses to easily access the huge amount of dollars kept in the country’s banking system.
  • Philippine central bank all set to liberalise forex rules

    PHILIPPINES, 2013/04/07 The Bangko Sentral ng Pilipinas (BSP or central bank) is set to relieve foreign exchange rules anew to allow individuals and businesses to easily access the huge amount of dollars kept in the country’s banking system.
  • Philippine gives foreign banks 3 years to meet IPO rule

    PHILIPPINES, 2012/12/11 The Philippines will give foreign banks in the country three years to inventory at least 10 % of their companies on the local bourse, after the central bank clarified when banks must do so from regulations that were not enforced previously. The listing requirement was contained in a 1994 law liberalising the entry and scope of operations of foreign banks in the Philippines, but it was not implemented because it did not clearly specify when the banks were supposed to comply.