A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a "gray" list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task Force (FATF). "Since June 2021, when the Philippines made a ...

PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter The Philippines expects to narrow its budget deficit, with the government having raised tax collections as of end-September amid a coronavirus pandemic, according to its Finance chief. "We are confident that the elevated debt and deficit level is a temporary condition and we can quickly return to fiscal consolidation," Finance ...

The Philippine economy is expected to grow by 4.3% this year -- slower than originally expected -- due to recurring coronavirus infection surges in the region, according to the ASEAN+3 Macroeconomic Research Office (AMRO). AMRO's latest estimate published on Friday is weaker than the 6.9% forecast it gave in March, and is near the lower end of the government's 4-5% ...

BW FILE PHOTO By Luz Wendy T. Noble, Reporter The Philippine central bank sold P100 billion worth of 28-day bills on Friday, with rates slipping as it vowed to keep an accommodative stance to support economic recovery. The Bangko Sentral ng Pilipinas (BSP) fully awarded the one-month bills that were oversubscribed, as demand hit P156.81 billion. Tenders were also higher ...

BW FILE PHOTO By Luz Wendy T. Noble, Reporter The Philippine central bank sold P100 billion worth of 28-day bills on Friday, with rates slipping as it vowed to keep an accommodative stance to support economic recovery. The Bangko Sentral ng Pilipinas (BSP) fully awarded the one-month bills that were oversubscribed, as demand hit P156.81 billion. Tenders were also higher ...

The Department of Health reported 5,823 coronavirus cases on Friday, bringing the total to 2.7 million. The death toll rose to 41,520 after 283 more patients died, while recoveries increased by 5,823 to 2.6 million, it said in a bulletin. There were 66,838 active cases, 79.1% of which were mild, 6.1% did not show symptoms, 4.6% were severe, 8.33% were ...

The Commission on Higher Education is considering reopening physical classes in low-risk areas by January, according to its chairman. Face-to-face classes would depend on the vaccination rate, Chairman Prospero E. de Vera III told a televised news briefing on Friday. He added that the agency was crafting the guidelines on the matter. "We hope to finish the guidelines by around ...

PHILIPPINE STAR/ MICHAEL VARCAS A senator on Friday thumbed down a plan to raise the budget of the Bureau of Fisheries and Aquatic Resources (BFAR) after it failed to build fish hatcheries according to law. During a budget hearing on Friday, Senator Cynthia A. Villar told bureau officials to stop asking for additional funding when its performance was below par. ...

A labor leader on Thursday vowed to scrutinize the national budget if he becomes President to ensure that government funds are used for social services amid a coronavirus pandemic. Leodegario "Ka Leody" de Guzman, who is running under the Partido Lakas ng Masa, also pledged to support local farmers and fishermen to ensure food security. He would also realign infrastructure ...

https://www.sec.gov.ph/ THE Securities and Exchange Commission (SEC) approved the preferred share offering of listed property developer A Brown Co., Inc. under shelf registration. In a statement on Friday, the SEC said it cleared A Brown's shelf registration covering up to 50 million cumulative, non-voting, non-participating, non-convertible, and redeemable perpetual preferred shares. It added that the preferred shares, worth P5 billion, ...

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
 
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!