MANILA, Philippines — Paris-based Financial Action Task Force (FATF) has urged the Philippines to speed up initiatives to address the remaining deficiencies to counter money laundering as well as terrorist and proliferation financing. FATF president T. Raja Kumar of Singapore said the Philippines has been retained in the gray list or jurisdictions under increased monitoring […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) is raising its investments registration target this year to P1.5 trillion, driven by strong investment approvals in the beginning of the year and the robust pipeline of investment leads. “Initially, we have set an already significant 37 percent growth target, or P1 trillion for 2023, but with […]
Read MoreMANILA, Philippines — The Philippines may well emerge as the top market for the global workforce in 2023, as companies around the world embrace remote/hybrid setups and look to employ exceptional Filipino talent. This is among the findings in the Robert Walters Global Salary Survey 2023, an authoritative analysis and benchmark on salary trends worldwide, […]
Read MoreHot money’ net inflow hits $292 million in January MANILA, Philippines — The net inflow of foreign portfolio investments or speculative funds hit a two-month high of $292.12 million in January, 20 times the $14.6 million inflow recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). Michael Ricafort, chief […]
Read MoreMANILA: The Philippines joining the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement, will boost the South-East Asian country’s economy and inject fresh energy into regional economic integration, experts and business executives say. The economic and trade cooperation between China and the Philippines is also expected to reach new heights, they said. […]
Read MoreMANILA, Philippines — The Philippines, along with Thailand and Vietnam, has the most to gain if travel from China rebounds to levels prior to the COVID-19 pandemic, according to Moody’s Analytics. In a report, the research arm of the Moody’s Group said the tourism industries in the Philippines and the two other countries depend the […]
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