The Philippines’ failure to address the loopholes in anti-money laundering safeguards could affect even foreign investments in the infrastructure space, a conduit for which is the Aquino administration’s flagship Public Private Partnership (PPP) program.

Twenty million pesos believed to be part of the $81million funds stolen from Bangladesh Bank was allegedly loaded onto the vehicle of the branch manager of Rizal Commercial Banking Corporation, a witness told a Senate hearing in the Philippines yesterday.

The Philippines risks becoming the money-laundering capital of the world unless casinos are included in the coverage of the Anti-Money Laundering Act, according to Philippines Senator Miriam Defensor-Santiago.

A businessman of the Philippines implicated RCBC branch manager Maia Santos-Deguito in the alleged scheme to launder US$81 million, saying she confessed she had done something wrong by opening an account in his name and even apologised for it.

The Rizal Commercial Banking Corp. allows the withdrawal of the bulk of the funds suspected to have been stolen by computer hackers from the Bangladeshi central bank despite having received an order from its counterpart banks abroad to stop the payment.

The hackers who stole Bangladesh Bank's money were on their way to pull off a heist of about $1 billion, but the banking system responded in time to stop the transfer of $870 million from the central bank's account with the New York Federal Reserve Bank.

A portion of US$100 million which is allegedly hacked from reserve account of Bangladesh Bank in the United States on February 5 has been recovered, the central bank says.

A soldier and eight Abu Sayyaf fighters have died after an attempt to free hostages held by the Islamist militant group, the Philippine army said.

Typhoon Melor causes heavy flooding and kills at least 9 people, authorities say.

Typhoon Melor carves through the central Philippines bringing heavy rain and strong winds that left millions without power and at least three people dead, officials say.

The death toll from Typhoon Koppu climbed to 16 and many residents of flooded farming villages in the Philippines remain trapped on their rooftops with animals being floated down fast-rising rivers.

Homes have been flattened, power lines toppled, and thousands of people have fled their homes as Typhoon Koppu swept into the northern Philippines.

The Boeing 777-200ER operating as Malaysia Airlines MH370 at the time it went missing. Malaysia authorities have received reports that airplane wreckage bearing the nation's flag, along with human remains, has been discovered on Sugbay Island in the Philippines.

The ghost month is believed to be an unfavorable time in the Chinese lunar calendar. Ghosts—souls who are restless because they can’t find a body for their rebirth—are said to emerge from the underworld.

The photo of a young homeless boy doing his homework using the light from a McDonald's is inspiring people all over the world.

The Autonomous Region in Muslim Mindanao (ARMM) is willing to host Rohingyas, who fled the massive persecution and human rights abuses they suffered in Myanmar (Burma), Gov.

At least 72 people are now known to have died in a fire at a rubber shoe factory in a suburb of the Philippine capital Manila, officials say.

A powerful typhoon has hit the north-east Philippines, in Cagayan province, killing two people and cutting electricity supplies to many parts of the region.

The ambassadors of Norway and the Philippines are among six people killed Friday when helicopter carrying them crashed into a school in northern Pakistan.

The warnings could not have been more severe: a monster named Haiyan was coming, a storm carrying rains at wind speeds no one on Earth had ever seen or felt before, so strong it could sweep the sea inland.