Foreign Investors Reminded to Register with Central Bank

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) reminded investors that they have less than a month to register unregistered foreign direct investments (FDI) as the one-year grace period is set to lapse on Sept.1. The registration, however, 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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