REUTERS/THOMAS WHITE/ILLUSTRATION By Charmaine A. Tadalan, Reporter THE Philippines is likely to avoid being “gray-listed” by the Financial Action Task Force (FATF) as it is on track to meet the…
Category:
Forex News
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THE TRADE department revised its export targets for this year and 2022 to reflect the extent of the impact of the coronavirus pandemic and sluggish global demand. “In this revised…
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BUSINESSES are preparing for recovery this year on hopes of a further easing of lockdown restrictions and the rollout of the coronavirus disease 2019 (COVID-19) vaccine, but restoring consumer confidence…
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By Luz Wendy T. Noble, Reporter EMERGING MARKETS such as the Philippines will continue to face credit risks this year, as the central bank is likely to lift regulatory relief…
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THE CORONAVIRUS has exposed the “catastrophic effects” of ignoring long-term risks such as pandemics, and the economic and political consequences could cause more crises for years to come, according to…
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MAKATI SHANGRI-LA Hotel will be temporarily closing down operations starting next month as it yields to financial pressures caused by the lockdown. The Shangri-La Group said in a statement on…
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By Angelica Y. Yang SIX suppliers of renewable energy, including entities led by Aboitiz and Ayala businesses, have been granted permits to participate in the country’s “green energy option” program,…
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NEWLY listed fiber internet provider Converge ICT Solutions, Inc. announced on Wednesday the appointment of its two new executives, who are expected to raise the company’s “organizational standards of governance,…
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THE Energy Regulatory Commission (ERC) has enlisted the services of consulting firm Reyes Tacondong & Co. to audit the electric cooperatives (ECs) on the use of funds for their capital…
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YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) on Wednesday continued to fetch lower yields as the central bank signaled it could lend more funds…