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Ahead of his third State of the Nation Address on July 22, President Ferdinand Marcos Jr. on Saturday signed into law two bills that aim to enhance government efficiency and protect financial rights in the Philippines.
“One of the salient features of this law is the provision of eleven new modalities of procurement. This will afford greater flexibility for government agencies in choosing how to best acquire goods and services,” he added. The second law, the Anti-Financial Account Scamming Act , targets online scams by requiring financial institutions to implement safeguards to protect citizens’ accounts.
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