AMLC gives BTr ₱50M linked to terror funds
THE Anti-Money Laundering Council (AMLC) has recently turned over P50 million in terrorism financing funds to the Bureau of the Treasury (BTr).
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THE Anti-Money Laundering Council (AMLC) has recently turned over P50 million in terrorism financing funds to the Bureau of the Treasury (BTr).
DESPITE the improvement in the country’s employment data, IBON Foundation Inc. said the latest data showed jobs generation remained below target.
COMPETITION from foreign traders and more goods in the market were among the reasons that made businesses less optimistic in the first quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) received nearly 300 requests for Monetary Board opinions (MBOs) on the proposed domestic borrowings of local government units (LGUs) in 2023.
THE growth of the country’s manufacturing output posted a five-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA).
FILIPINOS are less optimistic about the second quarter and the next 12 months given expectations that inflation would remain high, according to the Bangko Sentral ng Pilipinas (BSP).
HIGH interest rates and efforts to siphon off excess liquidity in the market led to the slowest increase in domestic liquidity growth in over two years, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
AS the demand for semiconductors turned a corner, the country’s export earnings posted a 16-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA).
VULNERABLE groups such as women and young Filipinos dropped out of the labor force in February 2024 due to household duties and schooling, according to the latest data released by the Philippine Statistics Authority (PSA).
HIGH inflation that could result from extreme weather events and pricey logistics costs prompted the Asian Development Bank (ADB) to reduce its growth expectations for the Philippines this year.
THE high-than-expected inflation print in the United States could significantly delay the decision of the US Federal Reserve to cut key policy rates, according to the Asian Development Bank (ADB).
THE country’s foreign direct investments (FDI) nearly doubled in January 2024, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) is not keen on cutting the Reserve Requirement Ratio (RRR) even if it reduces key policy rates as early as the third quarter of the year.
Strong sales and low margins are fueling the rapid expansion of hard discount store Dali, which will increase its presence in Luzon, according to a company executive.
Bank loans extended to the agriculture sector quadrupled after the government modified the implementing rules and regulations of the Agri-Agra law, according to a member of the Monetary Board.
UNCERTAINTIES surrounding the imposition of the export ban by India and the El Niño have kept and may keep the Monetary Board “gun powder dry” when it comes to key policy rates.
THE Bangko Sentral ng Pilipinas (BSP) could delay any rate cuts to the first quarter of 2025, pending improvements in the country’s economic performance, including cooler inflation.
DESPITE the recent increase in inflation and the lowering of the government’s economic growth targets, the Asean+3 Macroeconomic Research Office (AMRO) still expects the Philippine economy’s growth to exceed six percent this year and next year.
THE country’s total rice inventory declined in March 2024 due to double-digit stock declines among households and in National Food Authority (NFA) warehouses, according to the Philippine Statistics Authority (PSA).
THE rapid growth of the “new car market” has led Security Bank Corp. (PSE: SECB) and Mitsubishi Motors Corp. to enter into a joint venture agreement to offer financing services to Mitsubishi Motors’ customers in the Philippines.
The Philippines remains relatively young among the countries in the Asean+3 region, but it will eventually have to deal with the challenges of an aging population, according to the Asean+3 Macroeconomic Research Office (AMRO).
MORE investments that can create quality jobs are crucial for the Philippines if it wants to continue increasing its potential growth rate, according to the World Bank.
THE country’s dollar reserves posted a three-year high in the period ending in March 2024 on the back of higher foreign exchange and investments, according to the Bangko Sentral ng Pilipinas (BSP).
THE faster increase in the prices in the overall economy, not just those experienced by households, led to the latest downward revision of the country’s economic growth in 2023.
RICE prices again jumped to a level last seen when the country had to grapple with supply issues caused by export bans imposed by rice-producing nations, according to the latest data released by the Philippine Statistics Authority (PSA).
Higher food and transportation costs increased inflation in March 2024, according to the Philippine Statistics Authority (PSA).
THE government’s aim of reducing poverty to single digit levels by the time the President steps down from office and becoming an Upper Middle Income Country (UMIC) next year remain achievable despite lower growth targets.
THE World Bank expects the Bangko Sentral ng Pilipinas (BSP) to wait for Federal Reserve rate cuts before it decides to lower key policy rates in the country.
THE Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) become the latest addition to the Regional Payment Connectivity Initiative (RPC) in the Association of Southeast Asian Nations (Asean).
THE Philippine banking system posted a non-performing loan (NPL) ratio of 1.56 percent in February, latest data released by the Bangko Sentral ng Pilipinas (BSP) showed.
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