money

garbage

Indonesia’s crackdown on foreign imported waste has disturbed the village of Bangun, where inhabitants say they gain more cash sorting through trash stacks than growing rice in one-time paddy fields. Indonesia, overwhelmed by a spike in waste tariffs after China closed its doors to foreign waste, tightened import regulations and customs checks and returned hundreds of tons of foreign waste. Green organizations commended the crackdown, but citizens in Bangun say

Bitcoin

MANILA, Philippines — The Bangko Sentral ng Pilipinas continues to address the risks behind the increasing use of virtual or cryptocurrencies in the country. According to BSP Governor Benjamin Diokno, he is not fully swayed about the use of cryptocurrencies in the country since this could be used for terrorism financing. “I think that is my view. So, we will go easy on that,” Diokno stated. Cryptocurrency is a type

Bangko Sentral ng Pilipinas

Bangko Sentral ng Pilipinas (BSP) stated the four-month surplus was due to the steady remittances and speculative hot money inflows in the first three months of 2019. Balance of payments (BOP) of the country had remained in surplus as of end-April at $4.265 billion, an improvement from what was reported in 2018 of a $1.497-billion shortfalls. According to the BSP, “The surplus may be attributed partly to remittance inflows from