The Market Monitor Minding the Nation's Business
UP professor Solita Monsod presented empirical arguments in her recent Inquirer column why the Philippines is again the “sick man of Asia”.
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June, 2021
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20 June
Government urged to try US airport vaccination policy to spur Philippine economy
The government should adopt a policy similar to the one being implemented by the United States on inbound visitors, who may opt to get vaccinated in American airports when they arrive, Senate President Vicente Sotto III said Wednesday.
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20 June
Philippines to launch its largest satellite in 2023
The Philippines is launching its 7th and biggest satellite into space in 2023, according to the Philippine Space Agency (PhilSA).
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20 June
Complaints vs online pyramid schemes more than double
The Department of Trade and Industry (DTI) is advising the public to be cautious of chain distribution plans or pyramid sales schemes circulating online as complaints involving such received by the agency have more than doubled as of end-April.
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20 June
Dominguez justifies P3-trillion borrowings by government in 2021
President Duterte’s chief economic manager justified the multi-trillion peso borrowings for the year, citing the national government needed to rely on financing to the bridge the widening gap between revenues and expenditures.
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20 June
Philippine exporters incur losses due to global shipping disruptions
Local exporters are incurring higher costs and losses due to disruptions in the global container shipping industry.
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20 June
No new, higher taxes in remainder of Duterte’s term – DOF
There would be no new, or higher, taxes in the remainder of President Rodrigo Duterte’s term, which will end in 2022, the Department of Finance (DOF) announced on Tuesday (June 15).
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20 June
Cusi presses NGCP to lower rates
The Department of Energy (DoE) on Monday reiterated its previous pronouncement that the National Grid Corporation of the Philippines (NGCP) should comply with its obligations and reduce its transmission fees if the latter is keen on helping consumers.
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20 June
Number of bank accounts of poorest Filipinos has doubled – BSP
The number of low-income Filipinos who own bank or financial accounts has almost doubled in recent years due, in large part, to the continued digitalization of financial services, according to the central bank.
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20 June
Delivery rider delivers his best package yet: College diploma
A delivery rider from Cavite who recently graduated expressed his gratitude to Lalamove, a delivery company where he works, as his earnings helped fund his education.
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