The Central Bank of the Philippines' Circular No. 918 amends the Manual on Foreign Exchange Transactions. Specifically, the circular prescribes that inward foreign direct investment and inward foreign portfolio investments in other peso-denominated debt instruments have to be registered with the Bank. In addition, the circular outlines revisions to the Manual to incorporate the documentary requirements for the registration of foreign direct investments whose funding is recorded under the DSS account and booked as equity.
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