As the Philippine enters what is traditionally called the “wet season”, Filipinos across the country must deal with the effects of the torrential rains that accompany monsoon season.
Since its passage on 26 August 1940, Commonwealth Act. No. 613, or the “Philippine Immigration Act of 1940,” has been the definitive guide on the issuance of Philippine visas, exclusion and deportation proceedings, the powers and structure of the Bureau of Immigration (“BI”), and other reportorial requirements that a foreign national must comply with in order to legally stay in the Philippines.
Over the past years, the Bangko Sentral ng Pilipinas (“BSP”) has undertaken various liberalization measures to ease foreign exchange regulations and facilitate foreign exchange transactions by banks, international and domestic corporations, Filipinos working and living abroad, and the public in general.