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Philippine pushes cross-border real-time payments

MANILA, Philippines — The Philippines is pushing an initiative of the Bank for International Settlements (BIS) to develop a multilateral solution connecting the real-time payment systems of participating countries, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said the Philippines recently signified interest to join the initiative of the BIS Innovation Hub […]

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Philippines: Factory activity perks up as demand improves in November

MANILA, Philippines —  The country’s manufacturing activity picked up slightly in November from the previous month on improved demand conditions, but elevated prices continue to pose challenges for the sector. According to the report released by S&P Global Market Intelligence yesterday, the Philippines’ manufacturing purchasing managers’ index (PMI) was at 52.7 in November, up from […]

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IMF chief warns of bigger chance world growth slows below 2%

WASHINGTON, United States — IMF chief Kristalina Georgieva warned Thursday that the chance of global growth dropping below two percent — last seen during the coronavirus outbreak and the global financial crisis of 2009 — is increasing as major economies slow. Her comments come as the world’s biggest economies grapple with fallout from Russia’s invasion […]

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JFC: Philippines to attract $128 billion FDI by 2030

MANILA, Philippines — The Joint Foreign Chambers of the Philippines (JFC) has raised its foreign direct investments target to $128 billion by the end of 2030 as it banks on recently passed reforms that provide significant opportunities for FDI. In a press conference yesterday, American Chamber of Commerce of the Philippines (Amcham) executive director Ebb […]

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