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Market Impact: 0.25
Fictitious Names Used in Secret Duterte Payments, Witness Says
Source: Bloomberg
Elections & Domestic PoliticsLegal & LitigationManagement & Governance
Philippines Vice President Sara Duterte's impeachment trial heard allegations that intelligence-gathering state funds were documented using names prosecutors say were fictitious or belonged to deceased people, including children. The allegations raise governance and political-risk concerns, though the article provides no quantified fiscal impact or immediate market implications.
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