Crypto Wallets Added to AMLC’s Frozen Accounts Linked to Flood Control Probe
Financial crime watchdog Anti‑Money Laundering Council (AMLC) secures freeze order covering 86 bank accounts and 25 cryptocurrency wallets on alleged corruption linked to flood‑control projects tied to a sitting lawmaker and several associates. The order, issued by the Court of Appeals, marks one of the most expansive asset freezes in recent years and emphasizes the […]
Less Demand for PH Manufacturing; Output Declines
Philippine manufacturing has declined sharply in September, following the Middle East crisis, higher costs and rain. Middle East Crisis and Rain, the Villains of the Economy The Middle East Crisis has shocked the global economy in the months following U.S.’s declaration of war on Iran. Since then, the Strait of Hormuz had been blocked, critical […]