Philippines 45th most at risk in money laundering list

Source BusinessWorld

The reported 10 percent decline in the number of COVID-19 cases over the past week compared with the previous one is not yet indicative of a downward trend of the disease’s transmission, an infectious disease expert warned on Tuesday...

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The Philippines has been reelected to the International Telecommunication Union (ITU) Council, making it one of the 13 states selected for Asia and Australia...

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Inflation likely accelerated to seven percent in September after slightly easing to 6.3 percent in August from 6.4 percent in July, according to Standard Chartered Bank...

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The Philippines improved eight spots in an annual global index measuring an economy’s risk of money laundering and terrorist financing, and their ability to counter these...

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The Philippine peso slightly appreciated to P58.65 against the United States dollar on Tuesday. The peso plunged to another record low on Monday at P59 versus the dollar and recovered by 35 centavos against the greenback on Tuesday...

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While the Philippines posted a minimal increase in motor vehicle production in the eight months of the year, its growth continues to lag behind six of its Southeast Asian neighbors...

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The Department of Health (DOH) will start distributing next week about P1 billion in COVID-19 benefits for healthcare workers due them in the first two years of the pandemic...

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The Office of the Executive Secretary said President Ferdinand “Bongbong” R. Marcos, Jr. will likely sign the bills for the Subscriber Identity Module (SIM) Card Registration and the postponement of the 2022 Barangay and Sangguniang Kabataan Elections (BSKE)...

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Senate Majority Leader Joel Villanueva has batted anew for timely passage of legislative protection of informal workers...

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Some members of the League of Provinces of the Philippines (LPP) are poised to ask the national government to review the Rice Tariffication law and to return the regulatory powers of the National Food Authority (NFA)...

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The Securities and Exchange Commission (SEC) has released Memorandum Circular 8, Series of 2022 (MC 8), which pertains to the guidelines on the arbitration of intra-corporate disputes...

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The Bangko Sentral ng Pilipinas (BSP) notified the 19th Congress last Tuesday of its legislative priorities to “further promote the stability” and “ensure soundness” of the Philippine banking and payment systems...

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The chairperson of the House of Representatives Committee on labor and employment has urged businesses to use the Republic Act No. 11165 or the Telecommuting Act of 2018 to come up with remote working systems, to make employees happier...

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The Bangko Sentral ng Pilipinas said Tuesday the reforms in the Bank Deposits Secrecy Law is one of its priority legislative agenda for the 19th Congress...

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The Department of Trade and Industry (DTI) is set to publish the updated suggested retail price (SRP) for Noche Buena commodities soon after it has engaged manufacturers to either temper or, ultimately, forego price increases of traditional holiday products...

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The Paris Metro is phasing out cardboard tickets after 120 years, taking the capital’s urban transit into a contactless future but leaving behind nostalgic fans who will miss the humble rectangular cards...

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Information and Communications Secretary Ivan Uy on Tuesday said the Philippines was reelected to the International Telecommunications Union (ITU), and will serve from 2023 to 2026...

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The United States Agency for International Development (USAID) and global cybersecurity company Palo Alto Networks recently signed a partnership deal to help the Philippines strengthen its cybersecurity posture...

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The International Finance Corporation (IFC), the private sector arm of the World Bank Group, said it has launched a $6-billion financing facility to strengthen the private sector’s ability to respond to the global food crisis and help support food production...

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Asian markets rallied yesterday and the dollar eased after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal...

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The United Nations on Monday urged central banks to loosen their belts in order to avoid a global recession, saying financial tightening risked pushing the world into prolonged stagnation...

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The United Nations Conference on Trade and Development (UNCTAD) has warned that monetary and fiscal policy moves in advanced economies risk pushing the world toward global recession and prolonged stagnation, which will especially hurt developing countries...

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Small and medium enterprises (SMEs) and consumers in the Asia-Pacific (APAC) are optimistic about future growth in e-commerce in the region and the future innovations in digital technology, according to a research commissioned by FedEx Express, a subsidiary of FedEx Corp...

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Oil prices inched up on Wednesday extending 3 percent gains in the previous session ahead of a meeting of OPEC+ producers to discuss a big output cut in what energy executives and analysts see as a tightly supplied market...

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The United States asked the UN Security Council to meet on North Korea on Wednesday after Pyongyang fired a ballistic missile over Japan, but diplomats said China and Russia are opposed to a public discussion by the 15-member body...

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OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries to pump more...

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South Korea and the United States fired four ground-to-ground missiles into the East Sea, more commonly known as the Sea of Japan, the Yonhap news agency said Wednesday, citing South Korea's military...

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Russia's claimed annexation of Ukraine territory will only exacerbate human rights violations, the UN rights office said Tuesday as it outlined the "unspeakable suffering and devastation" inflicted on Ukrainians...

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North Korea on Tuesday fired a ballistic missile over Japan for the first time in five years, forcing Tokyo to issue evacuation notices and suspend trains during the flight of the nuclear-capable weapon that could reach the United States territory of Guam and possibly beyond...

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UN Secretary-General Antonio Guterres warned Monday that the world is in "a life-or-death struggle" for survival as "climate chaos gallops ahead" and accused the world's 20 wealthiest countries of failing to do enough to stop the planet from overheating...

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Chinese state media aired footage of the country’s most powerful strategic nuclear-capable weapons, including anti-ship “carrier killers”, to mark National Day, a move seen as a warning to the US as tensions escalate between the rival powers...

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Foreigners resumed selling in Asian equities ex-China stocks in September as investors were deterred by US interest rate hikes, a firmer greenback and a weaker regional growth outlook...

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A trio of physicists on Tuesday won the Nobel Prize for discoveries in the field of quantum mechanics that have paved the way for quantum computers, networks and secure encrypted communication...

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Enzymes found in the saliva of wax worms can degrade one of the most common forms of plastic waste, according to research published Tuesday that could open up new ways of dealing with plastic pollution...

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The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s chief executive said on Tuesday, October 4, with Shell’s CEO saying investments will not shift because prices are high...

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When a city-size asteroid slammed into Earth 66 million years ago, it wiped out the dinosaurs — and sent a monster tsunami rippling around the planet, according to new research...

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Two more members of the Cabinet of President Ferdinand “Bongbong” R. Marcos Jr. have resigned from their posts...

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The government’s top spook agency must be shookt. The Department of Education (DepEd) is seeking “intelligence funds” P9 million more than the P141 million sought by the National Intelligence Coordinating Agency (Nica) itself...

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The recent deluge of text scams has claimed millions of dollars from network subscribers in the Philippines who ended up clicking on malicious links and giving up sensitive information...

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At least 19.7 million Filipinos nationwide have received their booster shots against COVID, the Department of Health (DOH) reported yesterday...

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Sen. Grace Poe on Tuesday called on the Philippine National Police and the Bureau of Immigration (BI) to start tracking down nearly 49,000 foreign workers of Philippine offshore gaming operators (POGOs) who have expired working visas and are facing deportation...

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The Energy Regulatory Commission (ERC) has denied the joint petition of Manila Electric Co. (Meralco) and listed conglomerate San Miguel Corp. (SMC) for higher power rates...

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The Philippine National Police and the National Bureau of Investigation are separately investigating the killing of a radio broadcaster and vlogger who was known for his sharp criticisms of former President Rodrigo Duterte and the policies and officials under President Ferdinand Marcos Jr., officials said on Tuesday...

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A lawmaker on Tuesday filed a resolution that seeks an inquiry, in aid of legislation, over Saturday's 6/55 lotto draw result...

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Public school teachers are “clinging on a knife’s edge” as they resort to different schemes just to avail themselves of loans from the Government Service Insurance System (GSIS) and other private lending institutions, with some even opting to pawn their ATM cards to nonaccredited entities...

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An infectious disease expert urged Filipinos to get their booster shots and follow the minimum health protocols, especially the vulnerable, so that the country will enjoy the holiday season with decreased Covid-19 cases...

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Kurtson Roween C. Gamboa, 22, doesn’t look forward to more traffic jams in November, when more students are expected to be in school...

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The Philippines may face a measles outbreak by 2023 if the vaccination coverage of children does not improve, Undersecretary Maria Rosario Vergeire, the officer in charge of the Department of Health (DOH) said on Tuesday...

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The Bangko Sentral ng Pilipinas (BSP) on Tuesday asked financial market participants not to take advantage of the weakness of the peso, which depreciated to P59 against the greenback on Monday...

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Personal Equity and Retirement Account (PERA) contributors have almost tripled two years after a digital program was launched, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday...

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The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso currency hovering at record lows against the dollar...

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With the Philippine peso sinking to all-time lows against the US dollar and amid rising inflation, a wealth coach shares fool-proof ways to not only protect your hard-earned money but also make sure it grows...

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Conglomerate San Miguel Corp. is planning to take control of affiliate Eagle Cement Corp. through a P97-billion deal as billionaire Ramon S. Ang consolidates his businesses...

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