The Straits Times
Tighten dirty money rules: Inquirer
The paper says Philippine legislators and national leader need to approve stricter laws to save the country from being on the Financial Action Task Force grey list.
A man counts a wad of Philippine Peso bills at a money remittance center in Makati City, Metro Manila, Philippines on Sept 19, 2018.PHOTO: REUTERS
PublishedJul 5, 2021, 12:15 pm SGT
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COVID-19 continues to hammer the cityâs finances, according to a city budget variance report that projects a $14.5-million deficit by yearâs end.
The budget hole is largely being dug by the city-owned Windsor-Detroit Tunnel and Windsor International Airport, which are projecting deficits of $7 million and $3.4 million, respectively. The cityâs Roseland Golf and Curling Club is also projecting a deficit, albeit a smaller one, at $300,000.
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Try refreshing your browser, or COVID-19 continues to plague city s bottom line â $14.5M deficit projected Back to video
Operations at city hall have a projected year-end deficit of $4.6 million attributed to COVID, but that will be offset by a non-COVID surplus of $800,000, bringing the net deficit to $3.8 million.