Business

The Anti-Money Laundering Council (AMLC), has secured more freeze orders covering around P11.7 billion worth of assets of high-ranking incumbent and former government officials and individuals allegedly involved in the scandalous flood control projects that are now under investigation. In a recent press release, the AMLC said it has secured freeze orders covering 230 bank accounts,…

MANILA – The Social Security System (SSS) is addressing complaints they receive with about 99.3 percent resolution rate, an official said Thursday. This, after data presented by the Anti-Red Tape Authority (ARTA) during a recent budget hearing in the Senate showed that SSS is among the government agencies with most complaints in the first eight months…

MANILA – Domestic diesel prices are seen to decline by as much as P3.20 per liter next week resulting from the easing worries over the Russia-Ukraine war since the US seems firm on hammering out a peace deal. Citing price movements as of Thursday, Jetti Petroleum president Leo Bellas said diesel prices may be rolled back…

By Joann Villanueva MANILA – S&P Global Ratings’ affirmation of its investment-grade rating for the Philippines on Thursday has benefited both the Peso and the local bourse. The credit rater, in a report, noted the slowdown in government spending due to investigations into flood control projects, but believes it is only temporary. Thus, it also maintains…

MANILA – Philippine exports sustained its double-digit growth in October as it recovered from the impact of United States’ trade policies. Data released lately by the Philippine Statistics Authority showed a 19.4% annual jump in exports to USD7.30 billion, against USD6.2 billion during the same period last year.In September, exports increased by 16.2 percent to USD7.25…

The Securities and Exchange Commission (SEC) has warned the public to take “the highest degree of caution” against scamming persons and groups offering alleged assistance via various online platforms. In a statement, the SEC said the offers for help are made through “Facebook pages, online groups, and other social media platforms”, and are “in fact,…

MANILA – Government system reforms and strengthening of institutions are better options than calling for the resignation of elected officials, the Makati Business Club (MBC) said Monday night. “Simply changing the people in power will not achieve the lasting improvement in the country’s governance,” MBC said in a statement. Instead, it cited the need to “reform…