Based on the 2024 IIF Investor Relations and Debt Transparency Report, the Philippines saw its investment relations score improve to 48.8 out of 50 from last year's 47.8.
This allowed the Philippines to secure the top spot out of 50 countries assessed. The country's score was also above the average of 34.1.
"As the tightening of global financial conditions comes to a halt and expectations for central bank rate cuts take hold, investor confidence has significantly improved this year," the IIF said.
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BDO introduces digital innovations
Sy-led BDO Unibank Inc. has introduced self-service machines and other digital innovations in its physical branches nationwide as part of its strategy of combining digital and physical banking channels to make financial services more accessible for Filipinos.
Tiu returns as president of Phl Infradev
Businessman Antonio Tiu has returned at the helm of listed Philippine Infradev Holdings Inc. after resigning from the post last year.
![Citi sees 150 bps rate cuts in 2 years](https://reseuro.magzter.com/100x125/articles/21915/1757104/nTuy3xFoa1720293366974/CITI-SEES-150-BPS-RATE-CUTS-IN-2-YEARS.jpg)
Citi sees 150 bps rate cuts in 2 years
Global banking giant Citi expects the Bangko Sentral ng Pilipinas (BSP) to cut borrowing costs by a total of 75 basis points this year and another 75 basis points in 2025, which will provide support to the Philippinesâ economic growth.
middle-income Phl to attain upper status by late 2025, says NEDA
The Philippines remains on track to achieving upper middle-income status by late next year after exceeding its gross national income (GNI) per capita target last year, the National Economic and Development Authority (NEDA) said.
EDC switches on P7-B geothermal plant in Albay
Energy Development Corp. (EDC), the renewable energy (RE) arm of Lopez-led First Gen Corp., has switched on its 28.9-megawatt (MW) geothermal plant, valued at around P7 billion, in Manito, Albay.
CNPF hikes spending to support expansion
Century Pacific Food Inc. (CNPF), the listed food and beverage firm of the Po family, is hiking its capital spending this year to fund capacity expansion projects to support the companyâs double-digit growth target for the year.
Say hello to wheat straw cups
Tzu Chi Foundation, which originated in Taiwan, has scheduled a charity run on July 21 for one, three, five and 10 kilometers at the UP Diliman campus.
![Security Bank to double green, sustainable loans](https://reseuro.magzter.com/100x125/articles/21915/1757104/9JxYUHI4y1720293040161/SECURITY-BANK-TO-DOUBLE-GREEN-SUSTAINABLE-LOANS.jpg)
Security Bank to double green, sustainable loans
Security Bank Corp. plans to double its new sustainable loans to about P80 billion by the end of 2025 as it seeks to take advantage of the growing financing needs for the countryâs green transition.
![Citizen scientists mobilized to protect Verde Island Passage](https://reseuro.magzter.com/100x125/articles/21915/1757104/dZuGMl87C1720292962266/CITIZEN-SCIENTISTS-MOBILIZED-TO-PROTECT-VERDE-ISLAND-PASSAGE.jpg)
Citizen scientists mobilized to protect Verde Island Passage
The Verde Island Passage (VIP), one of the countryâs marine treasures, has received invaluable help from the Lopez Group, which organized an 18-member team of citizen scientists.
Phl, 4 Asian countries to link instant payment systems
The Bangko Sentral ng Pilipinas (BSP) and its global partners have completed the blueprint for the third phase of its Nexus Project and is now preparing for the final phase, which includes the live implementation of cross-border payments connectivity globally.