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The pandemic did not derail capital market development – Diokno – Manila Bulletin


Published July 2, 2021, 6:30 AM
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic.
Diokno said capital market reforms being implemented and other measures to further deepen the capital market are structural in nature.
“In fact during the height of the pandemic, in 2020, the bond issuances by domestic banks were oversubscribed,” he said, citing Bank of the Philippine Islands, Land Bank of the Philippines, China Banking Corp. and Union Bank of the Philippines.
BSP Governor Benjamin E. Diokno (Bloomberg file)
The number of participants in investment trust funds also managed to grow by 33 percent in 2020 and 24 percent in the first quarter this year, said Diokno. “These are clear signs of sustained investor confidence in the Philippine capital market,” he added. ....

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Overseas Filipinos urged to make prudent investments


Overseas Filipinos urged to make prudent investments
6 hours ago
Mariecar Jara-Puyod,
Senior Reporter
Financial literacy is a must for all overseas Filipinos (OFs) with working abroad strongly associated with greener pastures, specifically for the family’s and loved ones’ sake.
Former Commission on Filipinos Overseas (CFO) executive director Jennifer Ocampo Gonzales said: “Whether they are temporary or permanent – the Filipinos married to foreign nationals or petitioned by their relatives or contracted to work and eligible for citizenship – financial literacy is a must for all (OFs) and their families, either with them or back home.”
Gonzales said it would be for their own good if OFs take cognisance of the banking rules and regulations of the host country, She added: “Do not borrow money unless you can pay it on time to avoid penalties and embarrassment. ....

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