The Bangko Sentral ng Pilipinas (BSP) now allows foreign firms that issue securities through the Philippine Stock Exchange (PSE) to buy up to US$ 60,000 a day if they want to bring the proceeds of their investments out of the country.
This is among the amendments the central bank’s policy-making Monetary Board (MB) approved recently and stipulated under Circular No. 815, which the BSP issued on October 18, 2013.
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