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Anti-money laundering, sustainable finance are banks' top concerns – BSP

Compliance with anti-money laundering (AML) regulations and sustainable finance guidelines proved to be the most challenging areas for banks and financial institutions, according to the Bangko Sentral ng Pilipinas (BSP).

NEDA pushes anew for approval of Konektadong Pinoy bill

The National Economic and Development Authority (NEDA) is pushing for the immediate approval of the bill that seeks to enable the delivery of reliable and affordable internet services for all Filipinos.

This time will be sweeter?

Sen.Imee Marcos was trying to sell the Masagana 99, a pet project of her father, the late dictator.

Bankers expect sustained earnings growth in next 2 years

Majority of Philippine banks continue to expect a double-digit growth in earnings over the next two years due to higher net interest margins supported by the elevated interest rate environment, the Bangko Sentral ng Pilipinas (BSP) said.

US, Australia seek clarification on Phl's first border facility rules

The US and Australia will question at a World Trade Organization (WTO) committee if the forthcoming operationalization of the Philippines' first border will impede the flow of imported goods that have been inspected by competent authorities.

Gov't confiscates P35 B worth of fake goods

Counterfeit items confiscated by the government from January to September hit a record-high of P35.24 billion as agencies stepped up enforcement efforts.

Hokkaido (First of two parts)

My husband and I have always loved traveling to Japan because it is the safest, most efficient, environmentallyfriendly, cost-effective and delicious foodie country to visit.

THE LION CITY ROARS TRIUMPHANTLY

Santa Rosa marks milestone year through public-private partnership

SMGP to raise $100 M from bond issuance

The power arm of tycoon Ramon Ang's San Miguel Corp. is planning to raise at least $100 million via bond issuance to beef up its renewable energy portfolio.

Gov't seeking up to $250 M for geothermal risk reduction

The government is securing multi-million dollar funding to bolster its geothermal de-risking strategy aimed at lowering the financial risk exposure for developers.

CHED retains autonomous status for UPHSL

In a recent decision, the Commission on Higher Education (CHED) has reaffirmed the autonomous status of the University of Perpetual Help System-Laguna (UPHSL) and the UPH-Dr.Jose G. Tamayo Medical University, UPHSL's annex school, recognizing the institution's commitment to quality and excellence in education.

Misamis port to undergo P733-M expansion

The secondary port to Cagayan de Oro will undergo a P733 million expansion that would gear it up for more capacity to support provincial demand two years from now.

Guo names key POGO player, but not 'most guilty'

Dismissed Bamban mayor Alice Guo on Tuesday revealed a \"crucial personality\" to the Senate's investigation into Philippine offshore gaming operators (POGOs), Sen. Risa Hontiveros said yesterday.

NMC: Phl to continue non-confrontational tack in WPS

The Philippines will continue its \"nonconfrontational\" approach in the West Philippine Sea (WPS), the National Maritime Council (NMC) said on Wednesday as hundreds of Chinese vessels were spotted within the country's waters.

Revisions in green energy auctions pushed amid 'red flags'

Renewable energy (RE) developers are calling for improvements in the government’s green energy auction (GEA) program, sounding the alarm about the issues in the previous round.

Electronic exports may drop below 10% this year - SEIPI

Electronic exports are seen contracting by single digit this year with companies putting off the introduction of new products and technologies, according to an industry group.

BSP improves rediscounting facility

As part of its efforts to align credit operations with best practices globally, the Bangko Sentral ng Pilipinas said it would enhance its rediscounting facility by adding advances against government and BSP securities.

SEC issues guidelines for PERA participants

The Securities and Exchange Commission (SEC) has issued the guidelines for the accreditation of market participants offering Personal Equity and Retirement Account (PERA) products.

Higher buying price boosts NFA palay procurement in July

State-run National Food Authority (NFA) saw its palay procurement in July surge to over 11,000 metric tons (MT) thanks to higher buying price despite the onset of the lean season.

Phl to grow below target in 2024, 2025 - think tank

Philippine economic growth may fall below target this year and the next despite easing inflation and interest rates, according to think tank Capital Economics.

'Gold sales part of BSP's investment strategy'

The sale of gold by the central bank in the first half was part of its active management strategy of the country's reserves, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona.

Axelum embarks on P500-M share buyback program

Axelum Resources Corp., a listed integrated manufacturer and exporter of premium coconut products, is embarking on a P500-million share buyback program aimed at enhancing shareholder value.

ICTSI Australia pursues expansion, automation

The Australian unit of Razon-led International Container Terminal Services Inc.(ICTSI) is poised grow faster as a result of its expansion works and full automation.

Gov't plans to unload stake in Semirara

The government is planning to unload its 145.6 million shares in Consunji-led Semirara Mining and Power Corp.

Easing inflation proof of lower logistics costs – PPA -

Logistics costs in the country have gone down and is now being felt by consumers, and the Philippine Ports Authority (PPA) is hoping to sustain this for the long term.

Traffic

The \"Ber\" months have begun, ushering in the long Filipino Christmas season. Festive lights and decorations are starting to brighten up malls and public spaces.

ALI spending P2.7 B for 3 new projects

Property giant Ayala Land Inc.(ALI) is allotting the P2.7 billion proceeds from the recent sale of shares of AREIT Inc. to the development of three ongoing projects in Metro Manila.

Remolona sees more rate cuts in Q4

There is a possibility of two 25-basis-point rate cuts in the final quarter of the year, as inflation is expected to ease further in September, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr.

Budget gap narrows to P54 B in August

The government recorded a narrower budget deficit of P54 billion in August as nontax collections drove revenue growth coupled with a slight decline in state spending.

Archers rebound, repulse Tamaraws

It wasn't a blowout as expected but reigning champion La Salle nonetheless bounced back from defeat by fending off Far Eastern U, 68-62, in the UAAP Season 87 men's basketball tournament yesterday at the Smart Araneta Coliseum.