Top News
BOC vows accountability in post-seizure cigarette resale bid
Customs chief Bienvenido Y. Rubio said over the weekend that significant personnel changes will occur if investigations confirm that Bureau of Customs (BOC) staff members were involved in the attempted resale of P270 million worth of seized contraband cigarettes from Capas, Tarlac.
PH FATF grey list exit sets stage for econ growth, credit rating boost
The Bangko Sentral ng Pilipinas (BSP) has celebrated the country's removal from the Financial Action Task Force’s (FATF) grey list, a significant milestone in the country’s financial reforms in combating money laundering and terrorism financing. The FATF’s recent statement confirms that the Philippines has addressed critical deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) framework.
Speaker Romualdez: Exit from FATF dirty money grey list reaffirms global trust on PH economy
SPEAKER Ferdinand Martin G. Romualdez on Saturday commended President Ferdinand R. Marcos Jr. for the Philippines’ successful removal from the Paris-based Financial Action Task Force (FATF) dirty money grey list, highlighting that this milestone will also benefit overseas Filipino workers (OFWs) by ensuring the smooth, swift, and efficient remittance of their hard-earned money with lower fees.
BSP unfreezes P300B in deposit reserves
The Bangko Sentral ng Pilipinas (BSP) has determined that the inflation and liquidity dynamics is such that the monetary board reduced the banks' reserve requirement ratios (RRRs) by 200 basis points (bps) beginning 28 March 2025.
Aramco acquiring 25% stake in Unioil
Unioil Petroleum Philippines, Inc. has entered into a definitive investment agreement with Aramco. Under the agreement, Aramco, one of the world’s leading integrated energy and chemicals companies, will acquire a 25 percent stake in Unioil, one of the largest petroleum players in the Philippines.
