MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has adopted a new money laundering and terrorist risk assessment framework for banks and other supervised financial institutions as part of efforts to avert the inclusion of the Philippines in the list of countries with massive sums of alleged dirty money by the Paris-based Financial Action […]
Read MoreThe Digital Economy and Society (DES) Ministry is seeking to have all e-commerce platforms registered with the Electronic Transactions Development Agency (ETDA) to ensure cybersecurity in this 3-trillion-baht industry. The call was made as DES Minister Buddhipongse Punnakanta yesterday held a meeting with representatives from e-commerce platforms Lazada, Shopee, JD, Shopback and Thailandpostmart along with […]
Read MoreWith regional nations racing to lower their taxes in order to woo more investment, which may dent their coffers, creating feasible policies for collecting taxes is expected to help reach their goals of attracting more high-quality funding. According to investment experts like Vu Tu Thanh, deputy regional managing director and senior country representative of the […]
Read MorePETALING JAYA: It is important for some countries to open their borders to support trade and recovery, although the shape and nature of recovery among the individual Asean members remain uncertain and can vary by country, senior fellow at Yusof Ishak Institute (ISEAS) in Singapore Dr Jayant Menon told a webinar. Dividing Asean’s Covid-19 pandemic […]
Read MoreThe total insurance market premium reached $201.7 million as of the third quarter of this year, an increase of 8.2 percent over the same period in 2019. The growth was driven by a sharp rise in the general insurance market, which grew by 18.2 percent, the life insurance market by 2.8 percent, but micro-sized insurance […]
Read MoreMoody’s Investors Service has tagged the Philippines as one of the countries in the Asia-Pacific (APAC) region that will face challenges in addressing income gaps after the coronavirus disease 2019 (Covid-19) pandemic ends. In a report on Tuesday, the New York-based debt watcher said the impact of the pandemic would exacerbate income inequality in the […]
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