The Philippines Today, Yesterday, and Tomorrow
Overseas Filipino Remittance (December 2022) Personal remittances from Overseas Filipinos (OFs) posted a new record-high of USD 3.5 billion in December 2022. This is up by 5.7% from the USD 3.3 billion recorded in December 2021. Full-year 2022 personal remittances also saw an all-time high of USD 36.1 billion. This accounts for 8.9% of the … Read more
Philippines Investor Alert List (Beware) The Securities and Exchange Commission does not permit the following to solicit investment from the public: Platinum Coin Meta Trade Mazama Winvest BKC Trading Oyala Webmining Elizabeth Esty Save Lives Binary Option Trading Inc. Bitprime/Bitprime Computer Software Trading/Ariane Estolonio-Bitprime Software Opc Upsys Daily Trading Flipkart/Flipkart platform/Flipkart Company Perfx Solution Corporation/Trading … Read more
Philippines largest non-life insurance company The Government Service Insurance System (GSIS) reported a record-breaking PHP 6.8 billion in gross premiums written (GPW) for its non-life insurance business in 2022, the highest amount in GSIS’s history. Previously, President Bongbong Marcos urged the GSIS to provide insurance coverage for all government properties, as mandated by RA 656 … Read more
Foreign Investment Commitments in the Philippines (Q4 2022) Foreign investment (FI) commitments increased by 30.1% in the fourth quarter of 2022, reaching PHP 173.6 billion. (Php 133.5 billion in Q4 2021) The bulk of FI commitments for the fourth quarter of 2022 was from Singapore (64.2%), followed by Japan (21.5%), and the United Kingdom (5.9%). … Read more
Determinants of Investments in the Philippines DID YOU KNOW? Private investments in the Philippines are heavily influenced by three factors: Real GDP Growth Real Lending Rate Public Investments Real GDP Growth – When real GDP rises, market opportunities expand. This encourages the private sector to set up or expand production capacities to take advantage of … Read more