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Bounty hunter’s bid to collect P3B denied

The Commission on Audit has denied with finality tax bounty hunter Danilo Lihaylihay’s bid to get hold of a P3.032-billion reward from the government.

President Duterte has approved the acquisition of the Philippine Postal Savings Bank Inc. by the Land Bank of the Philippines and its conversion into the Overseas Filipino Bank.

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The Senate committee on banks, financial institutions and currencies urged Commission on Elections (Comelec) Chairman Andres Bautista to just issue a waiver that would allow the Luzon Bank Development (LDB) to open his bank accounts.

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An analyst forecasts the Philippine peso to weaken beyond the government’s 48-50 target range for 2017 but considers this as still okay as long as depreciation is not beyond 10 percent.

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Images of the burning Resorts World Hotel and the Grenfell Tower (in London) are grim reminders of one of the constant horrors we face today.

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Probe set

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Senate Banks, Financial Institutions, and Currencies Committee chairperson Sen. Francis Escudero will hold a legislative probe into the series of unauthorized automated teller machines withdrawals that hit BDO Unibank Inc. and Bank of the Philippine Islands.

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