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BSP eyes forex action framework within 2024

THE Bangko Sentral ng Pilipinas (BSP) is keen on creating a foreign exchange intervention framework within the year to better manage the central bank’s efforts to “contain stress” when it comes to Philippine peso. On Thursday, BSP Governor Eli M. Remolona Jr. told Rotarians that the central bank must only…
North Korea Nonoy Lacza Elim Remolona Jr Bangko Sentral Matthewm David Ednac Villa

Marcos administration eyes tourism development in West Philippine Sea'

THE Marcos Jr. administration is looking to strengthen the country’s possession over islands in the West Philippine Sea (WPS) by exploring the possibility of turning them into tourist spots. According to the General Appropriations Act for 2024, the Tourism Infrastructure and Enterprise Zone Authority (Tieza) was allocated P100 million to…
Mayon Volcano Philippines General Mark Lapid Marcos Jr Rizal Reef Joey Sarte Salceda Albay

PHL exit process from FATF grey list stalls

THE country’s “grey” listing from the Financial Action Task Force (FATF) is expected to continue to cast a shadow in its investment prospects this year due to the existing gaps in the government’s money laundering and terrorist financing policies.  During a press briefing in Malacañang on Tuesday, AMLC Executive Director Matthew M. David disclosed…
Matthewm David Ferdinandr Marcos Jr World Bank Gaming Corporation Pagcor Exchange Commission International Monetary Fund

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