Foreign Direct Investments to be Registered with BSP Starting September

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) said foreign direct investments (FDIs) should be registered within a period of one year from inward remittance starting September. It clarified, however, that the registration is required only if the foreign exchange for repatriation of capital and remittance of earnings would be sourced from authorized agent banks or their affiliate foreign exchange corporations…

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