Philippines as net borrowing state improves in Q2-2022
The country’s status as one who borrows from rather than lends to neighbors on the global stage improved substantially in the second quarter of 2022.
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Context Dispatch
VP tax, bank records submitted to impeachment court
Several major Philippine banks have complied with the Senate Impeachment Court's subpoena for bank records linked to Vice President Sara Duterte, marking a significant step in gathering documentary evidence for the proceedings. Senator and Impeachment Court presiding officer Francis Escudero said Bank of the Philippine Islands, Philippine Savings Bank, Metropolitan Bank & Trust Co., Security Bank, Land Bank of the Philippines, and BDO Unibank submitted the required documents, although BDO and Security Bank requested additional time to complete their submissions. Escudero also said the Bureau of Internal Revenue turned over Duterte's tax records after obtaining presidential clearance, expanding the evidence now before the court.
Transport & Logistics
ICTSI Q2 profit climbs on port expansion
International Container Terminal Services Inc. (ICTSI) sustained its growth...
Education, Health & Science
ABI pushes expanded milk feeding to boost child nutrition
ABI Pascual Foods Inc. is urging the government to...
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