MANILA – Philippines President Rodrigo Duterte has approved an amendment to a law to allow full foreign ownership of firms in services like telecoms and shipping, amending archaic legislation that …
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Philippines
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Financial News
Philippines central bank to start tightening in Q4, earlier hike possible – Reuters poll
by Reutersby ReutersBy Shaloo Shrivastava and Devayani Sathyan BENGALURU – The Philippines central bank will leave policy on hold at Thursday’s meeting to support a nascent recovery, despite a recent U.S. Federal …
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Financial News
Philippines sees Ukraine conflict having ‘temporary’ impact on economy
by Reutersby ReutersMANILA – The impact of the Russia-Ukraine conflict on the Philippine economy is expected to be temporary, Economic Planning Secretary Karl Chua told a media briefing on Tuesday. “We have …
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Department of Justice Press Releases
South Florida Man Sentenced to 25 Years in Federal Prison for Exploiting Poor Children in the Philippines
by DOJ Pressby DOJ PressMiami, Florida – A 28-year-old Pahokee, Florida man was sentenced yesterday in West Palm Beach federal court to 25 years in prison for enticing poor children in the Philippines to …
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Financial News
Russian lender TCS picks payments firm BPC for Philippines expansion
by Reutersby ReutersMOSCOW -TCS Group Holding, which runs Russia’s largest online bank, Tinkoff, will partner with payment solutions provider BPC in the Philippines as it pushes ahead with expansion into Asian markets, …
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A powerful storm killed at least 375 people in the Philippines when it struck the country on Thursday, BBC News reported. The super typhoon, named Rai, injured at least 500 …
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