MANILA, Philippines — The Anti-Money Laundering Council (AMLC) is pushing for enhanced regulatory controls and enforcement actions, as well as deeper understanding of money laundering and terrorist financing risks, as suspicious transaction reports (STRs) from 2015 to 2019 amounted to P52.3 trillion. Based on its latest risk assessment, the AMLC said the application of STR […]
Read MoreFuel consumption in Thailand contracted by 12.5% last year because of strict state measures to prevent the spread of Covid-19, including a lockdown order, according to the Department of Energy Business (DOEB). The government did not enforce a nationwide lockdown for the fresh outbreak starting last December, but a new round of travel restrictions affected […]
Read MoreMANILA, Philippines — The share of the country’s debt to gross domestic product (GDP) expanded to 54.5 percent in 2020 as the government ramped up its borrowings to address the debilitating effects of the coronavirus pandemic on the economy, the Bureau of the Treasury (BTr) reported yesterday. Data from the BTr showed the national government’s […]
Read MoreWhile the laws on investment, enterprises, and funding under the public-private partnership model are appreciated by local and foreign stakeholders. They also await additional guiding documents to manoeuvre their projects effectively and safely through the legal landscape. The new laws on enterprises, investment, and investment under the public-private partnership model, passed by the National Assembly […]
Read MoreJanuary inflation at 1.6% with demand pressures muted Price pressures remained subdued in early 2021 with demand pressures muted by the ongoing economic recession and January inflation settling at 1.6%, slightly below market expectations. Economic activity slowed further in January after a spate of natural calamities while a spike in Covid-19 infections forced the authorities […]
Read MoreThe Investor Confidence Index (ICI) survey for January, which measures February to April 2021, remains in the bullish zone for the second consecutive month, spurred by the prospect of Covid-19 vaccines, foreign inflows and higher earnings among listed companies. The index rose by 1.5% to 132.55 from December’s 130.63, according to the monthly survey by […]
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