Pagkakaalis ng Pilipinas sa grey list ng FATF, ikinatuwa ng isang financial analyst at economist

PTVPhilippines

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Transcript

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

00:08According to the Financial Analyst and Economist Mike Avellife,

00:12Professor Astro Del Castillo will be able to make more investments in the country

00:17and the investors and financial institutions will be more trustworthy.

00:22Other corporations will also benefit,

00:25including overseas Filipino workers, because their transaction costs will be reduced in other countries.

00:31OFWs from the Philippines will also have no worries when sending money.

00:37As for the issue of gold reserves, it can be considered non-issue for now, according to Del Castillo.

00:43This is because the officials of the Central Bank of the Philippines trust

00:47that they will be able to sell gold to meet the needs of the government.

00:52Sometimes, you sell gold to meet the needs of the government.

01:00And sometimes, when the product is already too expensive,

01:04it is also right to sell it at a higher price so that it can be used properly.

01:11It's a matter of managing it.

01:13So, for now, we don't see anything wrong with it.

01:18And last year, they also declared how they are using this asset, this gold.

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Transcript

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