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Banking

BDO reaffirms commitment to sustainable energy transition

At the recently held Unlocking Capital for Sustainability (UCFS) 2023 Forum, Atty. Federico Tancongco, Senior Vice President and Chief Compliance Officer of BDO Unibank said that BDO will support its customers’ transition to reduced carbon emissions by providing access to capital so they may invest in innovative technologies or adapt their business to renewable energy alternatives. BDO will also provide access to capital to communities negatively affected by the transition to low carbon. 

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Banking

Foreign investments registered with the BSP yield net outflows in October 2023

Transactions on foreign investments registered with the BSP, through AABs, in October 2023 recorded net outflows of US$328 million resulting from the US$1.3 billion gross outflows and the gross inflows of US$954 million for the month. The recorded net outflows are smaller than the net outflows posted in September 2023 (US$698 million).

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