Philippines remains on FATF’s gray list

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, […]

Philippines boosts tax revenue

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 […]

AMRO cuts Philippine growth outlook

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 […]

CHEd considering physical classes

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 […]

SEC clears A Brown, Cityland fund raisings 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 […]