Lawrence Agcaoili – The Philippine Star October 21, 2022 | 12:00am MANILA, Philippines — To absorb excess liquidity in the financial system, the Bangko Sentral ng Pilipinas (BSP) has decided to allow trust entities (TEs) to invest in unit investment trust funds (UITFs) with minimal non-resident funds in instruments issued by the central bank. BSP officer-in-charge Chuchi Fonacier said the Monetary Board has approved amendments to the manual of regulations for non-bank financial institutions pertaining to the participation of trust entities that manage UITFs with non-resident participants or th…