‘Hot money’ flows turn net positive in 2022

FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021. Foreign portfolio investments registered with the central bank through authorized agent banks (AABs) posted a net inflow balance of $886.7 million last year, against […]

Marcos claims PHL tagged as part of Asia’s ‘VIP Club’ in WEF

PRESIDENT Ferdinand R. Marcos, Jr. at the weekend touted that global business and political leaders have tagged the Philippines as part of a so-called “VIP Club” of Asia due to its economic performance, which the government hopes would translate to more foreign investments.  The Philippines’ participation in the World Economic Forum (WEF) in Davos, Switzerland […]

Philippines to stem ‘recessionary forces’

PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Philippines would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. In a speech at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, the president said he was bullish about the country’s economic prospects. “My belief […]

DLSU Lady Archers hand NU Lady Bulldogs first loss, 61-57 overtime, in 109 games

FOR 3,335 days, six-time reigning champion National University Lady Bulldogs had roamed around the jungle unbothered, unrivaled and unscathed — until yesterday — after falling prey at the hands of a familiar hunter in the De La Salle Lady Archers. De La Salle, NU’s last tormentor before a decade-long rule in the UAAP women’s basketball, […]

Peso may climb on Fed minutes

THE PESO may continue to strengthen against the dollar this week ahead of the release of the minutes of the US Federal Reserve’s November meeting, which could provide hints on its next move. The local unit closed at P57.26 on Friday, appreciating by 10 centavos from its P57.36 finish on Thursday, Bankers Association of the […]