President Duterte has signed Executive Order (EO) No. 172, implementing the Coconut Farmers and Industry Development Plan (CFIDP), as he cited the need to increase coconut farmers' overall productivity and income. Farmers unhusk coconuts in a remote villages of Piklt, the top coconut producer in...
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
President Duterte has assured local chief executives in Cebu that all state resources and assets will be tapped in the province's relief and rehabilitation efforts during the aftermath of typhoon "Odette". President Rodrigo Duterte speaks to local residents and officials of typhoon-stricken Cebu on...
The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R....
Former Senator and incumbent Sorsogon Governor Francis ”Chiz” Escudero on Sunday said candidates seeking elective posts in the 2022 national elections should bare their Statement of Assets, Liabilities and Net worth (SALN) in the spirit of transparency and accountability. Escudero said doing so...
The Anti-Money Laundering Council (AMLC) has deputized the Philippine Drug Enforcement Agency (PDEA) as financial investigator, a move that is seen as a boost in the country’s fight against drug money launderers. In a statement, the Deputized Anti-Money Laundering Council Financial Investigators...
Ang Probinsyano Partylist Rep. Ronnie Ong on Friday, Oct. 22 said he should be counted out either as author or supporter of any legislative proposal that would curtail the freedom of the press and the right to information of Filipinos. Ong made this clear when asked to comment on the reported draft...
*STORY UPDATE* The freeze orders of the Court of Appeals on the accounts of Julie Hao Gamboa, also known as Kimberly, has since been lifted. Based on the documents provided recently by Ms. Gamboa, her bank branch notified her of the lifting of the frozen accounts on December 9, 10, and 13, 2021,...
As the government looks for money to run a nation grappling with the impacts of the prolonged pandemic, President Duterte’s chief economic manager revealed that selling state-assets is no longer the best option. Finance Secretary Carlos Dominguez III “We don't have any more crown jewels,”...
From advanced offshore patrol vessels to new helicopters, the Philippine Coast Guard (PCG) bared on Tuesday, Aug. 10 its new “state of the art and modern” maritime and aerial assets that were acquired to improve the country’s maritime security and safety. The PCG admitted the lack of maritime...
The Philippine Coast Guard (PCG) will utilize a plane and two brand new helicopters in the third leg of its capability enhancement training program to ensure the interoperability of its naval and aerial assets in protecting the country's maritime territory. The Coast Guard Aviation Force (CGAF) on...
