FDI plunges on global recession fears

By Keisha B. Ta-asan, Reporter FOREIGN DIRECT investments (FDI) in the Philippines fell in March as recession fears and slower global trade dampened investor sentiment, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. FDI net inflows declined by 30.7% to $548 million in March from $792 million a year […]

May vehicle sales climb amid strong demand

VEHICLE SALES increased by 44.8% year on year in May amid strong market demand across all segments, industry data released on Tuesday showed. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed that vehicle sales rose to 38,177 units […]

SBL hike may expose banks to more risks

INCREASING the single borrower’s limit (SBL) as part of efforts to boost sustainable finance could expose lenders to more risks, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday. BSP Governor Felipe M. Medalla said the central bank might raise the SBL to encourage banks to support sustainable initiatives.  […]

PLDT unit to raise $150-M fresh funds for Maya

PLDT Inc.’s Voyagers Innovations, Inc. is looking to raise up to $150 million in fresh funds this year to strengthen its integrated money platform, Maya, its chairman said. “I think there’s an effort to raise some money, around $100-150 million,” said Manuel V. Pangilinan, who chairs the listed telecommunications company, […]