Editor’s Pick

Infrastructure spending falls in July

Public infrastructure projects have gradually restarted as lockdown restrictions eased. — PHILIPPINE STAR/MICHAEL VARCAS STATE SPENDING on infrastructure declined once again in July, due to the slow resumption of construction work and bad weather in some areas, the Department of Budget and Management (DBM) said. Latest DBM data showed infrastructure …

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Nationwide round-up

Medical experts support reduced distancing in public transport with ‘7 commandments’ MEDICAL EXPERTS supported the reduction of physical distancing in public transportation and recommended rules on avoiding the spread of coronavirus while opening the economy. In a statement on Wednesday, the experts said they presented to the inter-agency task force …

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PHL human capital index score slightly worsens

REUTERS CHILDREN born in the Philippines today will “fail to achieve almost half their potential” productivity as future workers, according to a World Bank report. The Washington-based multilateral lender’s Human Capital Index (HCI) 2020 Update report showed the Philippines’ HCI fell to 0.52 in 2020, from 0.55 in 2018, partially …

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AMLC asserts authority to police deficient KYC

THE Anti-Money Laundering Council (AMLC) said it will impose sanctions on organizations with lax internal controls against money laundering, including those that demonstrate shortcomings in meeting know-your-customer (KYC) rules and training standards. In Regulatory Issuance No. 5 Series of 2020 published in BusinessWorld Tuesday, AMLC said a unit of its …

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