The Market Monitor Minding the Nation's Business
The Philippines is very optimistic of winning its first Olympic gold medal in the Tokyo Games (July 23 – August 8), with President Rodrigo Duterte expected to personally witness the historic event.
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July, 2021
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3 July
Metrobank warns about investment scams, shares tips to avoid them
As we approach the second-half of the year, most employees may have already received their mid-year bonuses in their respective payroll accounts. Unfortunately, scammers are also expecting the same. Recently, illegal investment schemes have been lurking around every corner, waiting for the most opportune time to fool you into “investing” your hard-earned money.
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3 July
OVP gets highest audit rating 3 years in a row
The Office of Vice President (OVP) Leni Robredo again received the highest audit rating from the Commission on Audit (COA) for three consecutive years.
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3 July
Filipino female radio operators to become voice of peace in West Philippine Sea
The Philippine Coast Guard (PCG) will deploy female radio operators when confronting intruders within the country’s territorial waters.
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3 July
LandBank merger with UCPB to benefit coco farmers
Coconut farmers and agricultural sector workers stand to benefit from the merger of Land Bank of the Philippines – the largest government bank – and United Coconut Planters Bank (UCPB), according to a LandBank executive.
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3 July
BSP fast-tracks removal of Philippines from dirty money list
The Philippine government is doubling its efforts to improve anti-money laundering and terrorist financing regulations for the purpose of getting the country removed from the watchlist of Financial Action Task Force (FATF), a global dirty money watchdog.
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3 July
International tourism not seen rebounding until 2023–UN report
International tourism arrivals are expected to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, with a full rebound no earlier than 2023, according to a United Nations (UN) study.
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3 July
Kris Aquino flies to US after Noynoy’s inurnment
It was a calendar scheduled way before the death of former president Benigno C. Aquino III albeit heavy heart Kris Aquino pursued her trip to the US yesterday, a plan disclosed in her social media post.
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