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Economy

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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Business

Converge revenues jump 7% YoY to P26.25B at end Q3 2023 

– 𝗡𝗲𝘄 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲𝗿𝘀 𝗿𝗶𝘀𝗲 𝘁𝗼 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗹𝗲𝘃𝗲𝗹 𝗶𝗻 𝗲𝗶𝗴𝗵𝘁 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 – 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲 𝗰𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗲𝘀 𝟮𝗠 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲𝗿 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 Leading fiber broadband

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