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The Securities and Exchange Commission (SEC) has released the guidelines for the accreditation of market participants offering Personal Equity and Retirement Account (PERA) products.
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The Asian Development Bank released a report stating that moderate inflation, monetary easing, and continued state investment, particularly on large infrastructure projects, would boost Philippine economic growth this year and next.
The Department of Finance (DOF) led the first inaugural meeting of the joint working group (JWG) on financial technology (FinTech) with the Indian Government on September 12, 2024 in New Delhi, India to advance the sector and boost financial inclusion for all Filipinos.
The Philippine Board of Investments surpasses its P1.26 trillion full year investment approvals for 2023 as it reaches P1.35 trillion by its 57th founding anniversary on September 16, 2024. This figure marks a significant 82% increase from the P741.98 billion approved in January to September 15 last year.
The Securities and Exchange Commission (SEC) has issued a cease and desist order against Farm to Market (F2M) Agri-Farm OPC and its related entities for soliciting investments from the public without the necessary approvals from the Commission.
According to the PSA, the number of Overseas Filipino Workers (OFWs) who worked abroad from April to September 2023 was estimated at 2.16 million, an increase of 9.8% from the previous year’s estimated number of 1.96 million. Overseas Contract Workers (OCWs) or Filipino workers with existing work contracts, comprised majority or 98.1% of the total OFWs during the period.
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that the country’s Gross Gaming Revenues (GGR) for the second quarter reached P89.23 billion, which is 32.32% higher than the P67.43 billion GGR in the same period last year.
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