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MERALCO refunds subject to independent audit – ERC

The government announced it will find a way to ascertain the veracity of the Manila Electric Company (MERALCO) refund of billions of pesos to its consumers. So, the Energy Regulatory Commission (ERC) is contracting an independent audit team to investigate the refund.

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All refunds of Meralco subject of an indenpendent audit — Devanadera

As the government finds way to ascertain the veracity of the Manila Electric Company (MERALCO) bid to refund billions of pesos to its consumers, the Energy Regulatory Commission (ERC) has announced contracting an independent audit team to investigate the refund.

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Region 12 pushes for the patronage of local coffee as beverage on government meetings

To promote the locally produced coffee of Region 12, the Regional Development Council (RDC) XII has issued a resolution requesting all regional line agencies and local government units to serve locally produced coffee during meetings and similar events.  

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Philippines wants to lead international VCO trials vs COVID-19

The Philippines is planning to take the lead in the global “solidarity trials” for virgin coconut oil (VCO) as a possible cure for COVID-19, revealed a scientist involved in the VCO study. 

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DND wants to buy 16 more Black Hawk choppers

The Philippine Air Force (PAF) is considering purchasing another 16 Sikorsky S70i Black Hawk helicopters from Lockheed Martin even if delivery of the initial six from the first batch of 16 orders have yet to be completed. 

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‘Vaccine nationalism’ leaves poor nations – UN

United Nations Secretary-General Antonio Guterres warned that “vaccine nationalism” was moving “at full speed,” leaving poor people around the globe watching preparations for COVID-19 inoculations in several rich nations while wondering if and when they will also get the vaccines. 

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US committee favors Pfizer vaccine approval

A committee of scientists, experts, specialists and researchers put together by the US Food and Drug Administration (FDA) has voted recommending approval of the Pfizer-BioNTech COVI-19 vaccine for emergency use. 

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$9-B ADB facility to help members access vaccines

The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)— offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines.  “As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well …

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Philippine Grade 4 pupils lowest in math, science: int’l study

The Philippines ranked lowest among 58 countries in an international assessment for mathematics and science for Grade 4 students. 

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BSP Introduces Digital Banking Framework

The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  Digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branches.

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