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Banking

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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Banking

BDO Network Bank opens in Cauayan, Negros Occidental

BDO Network Bank opened its first branch in Cauayan, Negros Occidental to serve  individuals and micro, small, and medium-sized enterprises (MSMEs) looking for a partner in progress. With the opening of the said BDONB branch, a wider range of the bank’s products and services are now accessible, promoting the continuous development of the local economy.

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