Items

• FDIs down 23.1% in 2019.
  Bangko Sentral ng Pilipinas (BSP) reported that the foreign direct investments (FDIs) posted a double digit drop in 2019 as investor sentiment was dampened by global uncertainty. According to the data released by the central bank, investment by foreign companies or individuals in the Philippines fell by 23.1% to $7.647 billion in 2019 from $9.949 billion the previous year. BSP said that despite the country’s sound macroeconomic fundamentals, global uncertainties dampened investor sentiment during the year.
• BSP wants banks to report cases of money laundering within 24 hours
  The bangko sentral ng pilipinas (BSP) will require banks and non-banks to report within 24 hours any significant money laundering terrorism financing, and proliferation financing incident.
• BSP eases loan limit for single borrowers
  The Bangko Sentral Ng Pilipinas (BSP) has enchanced the rules on single borrowers' limit (SBL) to allow banks to readily support the financing requirements of the economy
• BSP forecasts inflation to settle within 7.4% to 8.2%
  The Bangko Sentral ng Pilipinas (BSP) projects the November 2022 inflation to settle within the range of 7.4 to 8.2 percent.
• BSP extends regulatory relief to banks affected by ASF, Covid-19 outbreak
  The Bangko Sentral ng Pilipinas (BSP) has made available a grant of regulatory relief to banks and quasi banks (QB's) that have sustained losses due to exposures to borrowers, industries and sectors severely affected by the African swine fever (ASF) and the Covid-19.
• More BSP rate hikes loom as inflation spikes
  HSBC Global Private Bangking and Wealth chief investment officer for southeast Asia James Cheo said in an online press conference that core inflation in the Philippines is now the highest in the region.
• Cebu Reloads Roster in MPBL
  After failing to make it to the playoffs in their second season in the Maharlika Pilipinas Basketball League (MPBL), the Cebu-Casino Ethyl Alcohol has reloaded, Adding young stalwarts Andrey Armenion and Mark Olayon to their roster for next season.
• Tim cone warmly received as gilas coach, study claims
  Tim cone being appointed head coach of gilas pilipinas recieved.general positive reception from social media users, a study revealed.