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$98 million hot money entered PH in January, BSP says

$98 million hot money entered PH in January, BSP says enablePagination: false endIndex: Metro Manila (CNN Philippines, February 26) More foreign portfolio investments flowed in last month as investors banked on Fitch Ratings stable outlook on the Philippine economy and the government s mass COVID-19 vaccination development. The Bangko Sentral ng Pilipinas said the country registered $98-million net inflows of foreign portfolio investments for the month, reversing the $486-million net outflows posted in the same period last year. The figure is also an improvement from the net outflows of $524 million recorded in December 2020. These investments are also known as hot money as they could easily enter and exit the economy, such as shares in the Philippines Stock Exchange and government securities.

Robbie Antonio quits Century Properties to focus on Revolution Precrafted, other businesses

Robbie Antonio quits Century Properties to focus on Revolution Precrafted, other businesses Robbie Antonio February 22, 2021 Revolution Precrafted’s Robbie Antonio has stepped down from his family’s real estate business, Century Properties, to focus on Revolution, which is being probed by national agencies, and his other businesses. According to a filing with the Philippines Stock Exchange (PSE), Century Properties’s board has accepted the resignation of Antonio as co-managing director and board member with immediate effect. The statement added that Antonio’s reason for leaving is to “allow him to focus on addressing the pressing issues in his own company and its allied businesses.” The Filipino real estate developer is actively searching for Antonio’s replacement as a board member and director.

SEC OKs DoubleDragon REIT offering

SEC OKs DoubleDragon REIT offering
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