Lawmakers on Monday, June 14 grilled Department of Education officials for their alleged refusal to comply with the law that withdrew from the department the responsibility of procuring and developing books. DepEd has continued to take charge of book procurement even as the agency absorbed public...
The Securities and Exchange Commission (SEC) has revoked the license of Ventures Securities, Inc. (VSI) and slapped P32 million in penalties against the brokerage and its officers for the fraudulent transfer of P700 million worth of client shares from R&L Investments, Inc. An SEC special...
The Council of Members of Asian Reinsurance Corp. (Asian Re) has reelected Insurance Commissioner Dennis B. Funa as chairperson for a fresh new two-year term. Screen Shot 2021-06-14 at 3.35.00 PM Funa, who previously served as vice-chairperson, was first elected as chairperson of Asian Re’s...
Senator Joel Villanueva on Sunday called out the Professional Regulations Commission (PRC) and asked that it reconsider its decision to postpone the licensure board examinations for psychologists, psychometricians and other professions scheduled this year to next year. Villanueva said the PRC...
Nearly a decade after the Commission on Audit exposed the pork barrel scam that reportedly defrauded government of more than P10 billion, the audit agency finally affirmed the liability of a former partylist solon in the release of over P10.79 million to a bogus foundation linked to alleged scam...
CHED and UniFAST Board Chairman J. Prospero E. De Vera III (Photo from CHED) Commission on Higher Education Chairman J. Prospero De Vera III on Sunday, June 13, issued a statement in response to an open letter accusing the official of withholding educational funds and refusing to recognize the...
The Philippine Competition Commission (PCC), the anti-trust authority in the country, has expressed opposition to any extension on the suspension of its motu proprio review power on mergers and acquisitions (M&As). PCC Chairman Arsenio Balisacan said this at the virtual “Enhancing Competition...
Having already rendered 50 days out of the 77 days of overtime work for the current school year, public school teachers are asking the government to compensate them - especially with only a month left before School Year (SY) formally closes. ACT is asking the CSC to compensate teachers after having...
Senator Sherwin Gatchalian on Friday said he has “grave reservations” over the Department of Energy’s (DOE) proposal to revert the control of the country’s power grid back to the government. Gatchalian, chairman of the Senate Committee on Energy, pointed out corruption was the main reason...
Notwithstanding the emergency nature of the release of fundings, over P242 million granted by government to finance Marawi rehabilitation and Bayanihan 2 programs was returned to the national treasury due to failure of the National Meat Inspection Service to implement listed projects. Making...
The Commission on Population and Development (POPCOM) and the Department of Social Welfare and Development (DSWD) now have a partnership for the implementation of programs benefitting teenage mothers and their children. DSWD Secretary Rolando Joselito D. Bautista and POPCOM Undersecretary Juan...
The Securities and Exchange Commission (SEC) is supporting moves to amend Republic Act No. 1405, or the Secrecy of Bank Deposits Law, to reinforce the country’s fight against money laundering, terrorist financing, tax evasion and other financial crimes. The amendments put forward under House Bill...
