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Losses from investment scams hit P25 billion

Published by
Philippine Star

Lawrence Agcaoili – The Philippine Star November 23, 2021 | 12:00am MANILA, Philippines — Losses from investment scams have reached more than P25 billion as fraudsters have victimized one in every 100 Filipinos, according to Bangko Sentral ng Pilipinas Governor Benjamin Diokno. In his keynote address during the opening of the five-day 2021 Financial Education Stakeholders Expo, Diokno said that the Philippines lagged behind other countries in financial literacy, as Filipino adults were able to answer only three out of seven financial literacy questions based on a survey conducted by the World …

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