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