Eksperto, ikinatuwa ang pagkakaalis ng Pilipinas sa ‘grey list' ng FATF; usapin sa gold reserves, maituturing na non-issue

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Transcript

00:00It's good news that the Philippines has left the Financial Action Task Force Gray List after more than three years.

00:07In the program, Mike Abelives, said by Professor Astro del Castillo, a financial analyst and economist,

00:14that it will attract more investments in the country and investors and financial institutions will trust it even more.

00:23Other corporations will also benefit,

00:26overseas Filipino workers will benefit because their transaction costs will be reduced in other countries.

00:32There will also be no worries if OFWs are sending money from abroad to the Philippines.

00:39As for gold reserves, it will be considered a non-issue, according to del Castillo,

00:45because it is entrusted by the officials of the Central Bank of the Philippines to sell gold for the needs of the government.

00:56Sometimes, if the product is already too expensive, it is also right to sell it at a higher price so that it can be used properly.

01:13It's a matter of managing it.

01:16For now, we don't see that there is a mistake.

01:20It was also declared last year how they are using this gold asset.

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