DTI reminds businesses to comply with price freeze in areas under state of calamity  

THE DEPARTMENT of Trade and Industry (DTI) reminded businesses in areas under a state of calamity to comply with the price freeze for basic necessities.     A total of 86 towns and cities across five regions have declared a state of calamity this month due to flooding and landslides triggered by continuous rains since mid-December, based […]

Gov’t orders price freeze on LPG, kerosene in areas under state of calamity 

THE ENERGY department has imposed a price freeze on household liquified petroleum gas (LPG) and kerosene in areas that have declared a state of calamity after typhoon Odette, with international name Rai, left extensive damage in parts of the Philippines.    As of Dec.18, five local government units have made the calamity declaration. These are: Jose Panganiban town in Camariñes Norte, Cebu province along with the independent city of Cebu, Bohol […]

AMLC’s September report to FATF to focus on rules for delisting and unfreezing of assets, funds

THE ANTI-MONEY Laundering Council (AMLC) is looking to craft rules that will specify the process for delisting and unfreezing funds or assets ahead of its first progress report to the Financial Action Task Force (FATF) in September after its inclusion in its “gray list.” “The Philippines will be reporting on the Immediate Outcome 11 Action […]