The central bank of the Philippines (BSP) on August 8 cut its benchmark interest rate and kept the door open for further easing to buttress the flagging economy.
The central bank of the Philippines reported on May 16 that the amount of remittances sent back home by overseas Filipinos has reached 7.8 billion USD in the first quarter of 2018, up 1.3 percent year-on-year.
Foreign investment pledges approved by the Philippines’ investment promotion agencies increased by 31.2 percent to 245.2 billion PHP (5.2 billion USD) last year.