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Tech giant to make Philippines its Southeast Asia hub

MANILA, Philippines — Global tech parts giant Cal-Comp Technology (Philippines) Inc. is spending the proceeds of its planned P6.77 billion initial public offering to expand its operations, acquire new equipment, and focus on research and development as it grooms the country as its next hub in Southeast Asia. New Kinpo Group chief executive officer Simon […]

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Philippines: Banks urged to strategize based on new technology

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging correspondent banks to embrace innovation and rethink strategies as the rapid evolution of digital technology continued to revolutionize financial product and banking service delivery. In his keynote address at the annual convention of the Association of Philippine Correspondent Bank Officers, BSP Governor Nestor Espenilla […]

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Philippines: FDI inflows rise 24% in 4 months

MANILA, Philippines — Foreign direct investments (FDI) continued to flow into the country, growing 24 percent in the first four months of the year amid favorable investor sentiment on the back of sound macroeconomic fundamentals and growth prospects. The Bangko Sentral ng Pilipinas (BSP) said FDI inflows amounted to $3.2 billion from January to April […]

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