phil04
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AMLC: Philippines faces sanctions if terror bill not passed

MANILA, Philippines — The Philippines faces possible sanctions from Paris-based anti-money laundering watchdog Financial Action Task Force (FATF) if it fails to pass key laws, including the controversial anti-terrorism bill, according to the Anti-Money Laundering Council (AMLC). The AMLC warned the Philippines may be included in the gray list if it fails to pass or […]

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Private-sector economists expect Singapore economy to contract 5.8% this year

PRIVATE-SECTOR economists expect Singapore’s full-year gross domestic product (GDP) to decline by 5.8 per cent in 2020, with an 11.8 per cent year-on-year contraction in the second quarter, according to findings from the latest Monetary Authority of Singapore (MAS) survey of professional forecasters released on Monday. The Covid-19 pandemic has sent expectations south since the […]

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Indonesia: Private sector urges govt to lay out post-COVID-19 economic strategy

Businesspeople in the country are waiting for the government to announce a new economic strategy and guidelines amid its policy to relax COVID-19-related restrictions. Without such guidelines, the so-called new normal period would only leave enterprises with more uncertainty, said businesswoman and former maritime affairs and fisheries minister Susi Pudjiastuti. “It’s business as usual in […]

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