REUTERS By Luz Wendy T. Noble, Reporter MORE SHORT-TERM foreign investments left the Philippines in September, as investors remained wary amid the Delta-driven coronavirus surge. Foreign portfolio investments — commonly referred to as “hot money” due to the ease by which these flows enter or leave an economy — posted […]
Local shares decline further ahead of key data
PHILIPPINE shares declined along with most markets in the region on Thursday as investors await more corporate earnings reports and key data releases, and with coronavirus disease 2019 (COVID-19) cases in neighboring countries starting to rise again. The Philippine Stock Exchange index (PSEi) dropped by 72.42 points or 1% to […]
Rail strikes planned during Cop26 climate conference called off
Rail strikes planned for next week’s Cop26 climate conference have been abandoned after trade union leaders confirmed negotiations on a pay rise have been settled. The announcement was made after talks between the RMT union and transport bosses on Wednesday. Transport during the 13-day UN climate summit, which is […]
NEA flagged over irregular selection of Benguet power co-op GM
PHILSTAR SENATOR Sherwin T. Gatchalian said the National Electrification Administration (NEA) did not follow its own rules in selecting the new general manager (GM) of Benguet Electric Cooperative, Inc. (Beneco). The NEA had endorsed Presidential Communications Operations Office Assistant Secretary Ana Maria B. Rafael as the co-op’s new GM. “An […]
Prioritising procedures: Why your start-up needs systems and processes
In getting a new business off the ground, founders often find themselves frantically juggling tasks in no particular order as they become urgent, with no system in place to do so. While this may work at the start-up level, this approach can quickly become unsustainable as the business starts […]
Top 8 Challenges for the Aviation Industry in the Post-COVID 19 Era
The aviation industry is one of the many sectors that constitute an important element towards global economic development. It supports the rise in connectivity between cities and countries to enable the flow of goods, people, capital, and technology. With this, it is certain that the airline sector plays a fundamental […]
PHL on track to exit ‘gray list’ by 2023
REUTERS THE ANTI-MONEY Laundering Council (AMLC) expressed confidence the Philippines will be removed from the Financial Action Task Force’s (FATF) “gray list” by January 2023, as it works with other government agencies to plug gaps in implementing measures against “dirty money” and terrorism financing. The FATF on Friday kept the […]
Philippines remains on FATF’s gray list
A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]
Philippines remains on FATF’s gray list
A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]
Philippines remains on FATF’s gray list
A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]