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, […]

Brewdog’s solid gold beer can ad misleading, ASA says

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered shoppers the chance to find a gold can hidden in cases sold from its online store. But some winners complained to the Advertising Standards Authority after they discovered the cans were […]

Fears over the future of free debt advice

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts from the Money and Pensions Service (MaPS), which funds most free debt advice in England, will see more money spent on help given over the phone or online. Debt advisors says […]

Inflation likely to hit 5%, warns Bank of England chief economist

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill told the Financial Times that the Bank would have a “live” decision to make at its next interest rate-setting meeting on 4 November. It follows recent comments from Bank […]

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 […]