The Financial Action Task Force (FATF) wants the Philippines to amend anew its recently enhanced law against money laundering, insisting that casinos should be included on the list of entities required to report suspicious transactions to regulators.
The international Financial Action Task Force (FATF) wants the Philippines to amend anew its recently enhanced law against money laundering, insisting that casinos be included on the list of entities required to report suspicious transactions to regulators.
The Bangko Sentral ng Pilipinas has opened a currency exchange facility for the Syrian pound to service the foreign-exchange needs of overseas Filipino workers returning from conflict-torn Syria.
The Department of Tourism (DoT) has expressed confidence that the number of foreign visitors to the country will hit at least 4.5 million this year, based on the tourist arrivals in the first half.
The number of Filipino households investing a portion of the money they receive from loved ones based abroad is steadily increasing, according to the Bangko Sentral ng Pilipinas.
The Philippines believes it has broken the Guinness World Record for having laid out the longest line of coins of the same denomination Thursdday, when it completed a 73.02-kilometer line of 25-centavo coins.
The Philippines, where women and men enjoy the same access to education, remains in the top 10 countries with the least gender gap, according to the 2011 Global Gender Gap rankings by the Geneva-based World Economic Forum.
The Bangko Sentral ng Pilipinas (BSP) on Monday reported that remittances sent home by overseas Filipinos reached $1.74 billion (roughly P75 billion) in June, the highest recorded for a month, rising by 7 percent over the $1.62 billion recorded in the same month last year. This brought total remittances in the first half of the [...]
