Philippines
Philippine central bank counters money laundering
The Philippine central bank said Tuesday it will create a special unit to look into possible money laundering transactions. The central bank said its policy-making monetary board authorised the special body to maintain a database of suspicious…
Manila c.bank sets body to check money laundering
The Philippines central bank said on Thursday it would set up a six-member committee to evaluate reports on suspicious bank transactions as part of its efforts to fight money laundering.
Philippine economy seen growing 4% in 2000
The Philippines' central bank said on Tuesday the economy may post four percent growth year-on-year in the third quarter, backed by a strong performance by the agriculture sector. Central bank deputy governor Armando Tetangco cited the 3.49% growth in…
Philippine interest rates to fall by year end
Philippine central bank governor Rafael Buenaventura said on Thursday the bank planned to lower its key overnight rates before the end of 2000 given signs that inflation and the peso had begun to stabilise.
Buenaventura says credit downgrade was harsh
The Philippine central bank said on Friday the move by Standard & Poor's todowngrade its long-term outlook on the Philippines to negative from stablewas harsh.
Philippine central bank head said he won't quit
Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.