Casinos, bitcoin in AMLC’s sights

THE ANTI-MONEY LAUNDERING Council (AMLC) is bringing casinos and digital currencies into focus this year as it tightens its watch on dirty money.

Tax amnesty could be a double-edged sword — Fitch

THE PLANNED general tax amnesty could yield additional revenues that will help fund development projects, but the government should make sure it does not embolden more people and businesses to cheat the state of its rightful levies, Fitch Ratings said.

April remittances post fastest growth in over a year

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday.

MPIC logistics unit to build warehouses in Cavite

THE logistics unit of Metro Pacific Investments Corp. (MPIC) will be setting aside P8 billion for the development of warehouses in Cavite, as it aims to become a leading player in the logistics space.

Wilcon to open 9 stores this year

WILCON Depot, Inc. is accelerating its five-year expansion plan by targeting nine-store opening this year, allowing it to hit its goal of 65 stores one year ahead of schedule.

New features added to mobile application

SAKAY.PH is launching its redesigned mobile application to include the latest transportation developments and new features designed to make it easier for commuters to travel within Metro Manila.

Treasury bills partially awarded as rates rise ahead of BSP meet

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday, rejecting all bids for the shortest tenor, as the market awaits the policy decision of the local central bank.

BDO Unibank partners with Bank of Fukuoka

BDO UNIBANK, Inc. has partnered with a Japanese regional bank to help Japanese firms enter the Philippine market.

Cryptocurrencies to perform worse as they get bigger

LONDON — Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said on Sunday in its latest warning about the rise of virtual currencies.

Palace sees rice prices falling as imports arrive

MALACAÑANG on Monday said that the arrival of fresh stocks of low-cost rice imports is expected to result in the reduction of commercial rice prices.