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DTI-BOI Reports Recorded P640.22 Billion Investments Approval in First 5 Months of 2024, Up 14% YOY6/18/2024 The Philippines continues to build momentum in attracting investments, following the Department of Trade and Industry’s Board of Investments (BOI) newly recorded P640.22 billion worth of approved investments from January to May 2024. This marks a 14% increase from the P562.90 billion reported in the same period last year, making it the highest first five-month approval in the BOI’s 57-year history.
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Attention, Filipino freelancers and digital nomads! You can now use GCash to transfer your PayPal funds!
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved on 30 May 2024 the issuance of Circular No. 1195 on the Consumer Redress Mechanism Standards for Account-to-Account Electronic Fund Transfers (EFTs) under the National Retail Payment System (NRPS) framework.
A significant platform update was recently announced by the Philippine Digital Asset Exchange, or PDAX, which has the potential to completely revolutionize the cryptocurrency trading experience. Introducing the highly anticipated Limit Order feature!
The Social Security System (SSS) announced that its members can improve their retirement and savings with the MySSS Pension Booster program, which has a projected annual return rate of 7.2 percent.
Fitch Ratings has kept the Philippines' "BBB" credit rating with a "stable" outlook in its latest rating action. This investment-grade credit rating has been in place since December 2017.
The Bangko Sentral ng Pilipinas (BSP) supports the efficient roll-out of the eTravel Customs System in all international airports.
The Bangko Sentral ng Pilipinas (BSP) received the “2024 Excellence in Currency Technical Award” for its Coin Deposit Machine (CoDM) Project from the International Association of Currency Affairs (IACA).
According to The Philippine Stock Exchange, Inc.'s (PSE) annual Stock Market Investor Profile report, there were 1,906,019 stock market accounts at the end of 2023, up 11.3% or 193,285 from 1,712,734 in 2022.
Beware of scammers that pretend to be from LTO! The Land Transportation Office (LTO) warns motorists of new online scams that impersonate the agency via traffic violation notifications. Clicking the link in the message will lead you to a phishing site that will capture your personal and financial information.
According to the Insurance Commission, the total healthcare benefits paid out by health maintenance organizations (HMOs) amounted to P15.05 billion in the first quarter of 2024, or a 17.3% increase from healthcare benefits paid out during the same period last year.
The Securities and Exchange Commission (SEC) continues to prosecute groups soliciting investments from the public without the necessary registration and licenses from the Commission.
The Social Security System (SSS) assured the social security coverage of all Filipino seafarers and maritime professionals as labor groups, manning agencies, ship owners, and government agencies formed the Maritime Industry Tripartite Council (MITC) during a pact signing ceremony in Intramuros, Manila.
Republic of the Philippines successfully returned to the international capital markets for the first time in 2024 with its US$2 billion dual-tranche 10-year and 25-year SEC-registered Fixed Rate Global Bonds (the “Global Bonds” or the “Notes”). The 25-year Global Bond will be issued under the Republic’s Sustainable Finance Framework, marking the Republic’s fifth G3 ESG bond offering. This transaction follows the Republic’s US$1 billion 5.5-year Sukuk in December 2023, US$3 billion triple-tranche bond offering in January 2023, US$2 billion triple-tranche bond offering in October 2022, JPY 70.1 billion four-tranche Samurai bond offering in April 2022 and US$2.25 billion triple-tranche bond offering in March 2022
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