(MANILA BULLETIN) The planned realignment of confidential and intelligence funds (CIFs) in the P5.768-trillion General Appropriations Bill (GAB) isn't solely for the purpose of addressing the West Philippine Sea (WPS) issue. Committee on Appropriations...
(Unsplash) House Deputy Minority leader and Makabayan bloc member ACT Teachers Party-list Rep. France Castro proclaimed "partial success" over the much-disputed issue of confidential and intelligence funds (CIFs) in the propsosed 2024 national budget. “Sa tingin...
Marikina City 2nd Rep. Stella Quimbo (Contributed photo) At least 10 agencies will be affected by the House leadership's planned realignment of confidential and intelligence funds (CIFs) in the P5.768-trillion General Appropriations Bill (GAB) or proposed...
The Advisory Body for the Maharlika Investment Corp. (MIC) has received a considerable number of applications for the six vacant positions on the board of directors of the sovereign wealth fund. The Advisory Body, which consists of the Department of Budget and Management (DBM), National Economic...
Senate President Juan Miguel “Migz” Zubiri on Wednesday, September 27 said the Senate will reallocate confidential and intelligence funds (CIF) and other unnecesary appropriations and give it to the Philippine Coast Guard and the Armed Forces of the Philippines (AFP) and other agencies...
Sen. Raffy Tulfo on Thursday, September 21, criticized the Social Security System (SSS), the Philippine Health Insurance Corporation (PhilHealth), and the Home Development Mutual Fund or Pag-IBIG for not doing enough to ensure that employers have enrolled their "kasambahays" and are paying their...
The Commission on Audit (COA) has denied the petition for payment of P650 million in alleged dividends filed by Macrino A. Angeles against the Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG). The CIIF-OMG is a group of government-owned and controlled corporations registered under the...
(MANILA BULLETIN) House Speaker Martin Romualdez defended the more controversial points of the Maharlika Investment Fund (MIF) on Tuesday, Sept. 19--the same day that former and incumbent solons sought to have the fund declared unconstitutional by the...
President Marcos assured foreign business leaders that professional managers would run the Maharlika Investment Fund (MIF) as politicians could cause its failure. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Marcos said this as he wooed foreign business leaders to explore the...
President Marcos has told the international community that the Philippines first investment fund—Maharlika Investment Fund— is run by professionals and not by the government. President Ferdinand 'Bongbong' Marcos Jr. (RTVM/Milken Institute Screenshot) It is similar to the assurance he...
From left: Pag-IBIG Area Head (NCR North), Fernando G. Fajardo; EEI Corporation’s Jan Ivan Santamaria; and Pag-IBIG Branch Head (Cubao), Romer A. Manucdoc. Construction giant EEI Corporation was recently named by Pag-IBIG as one of the top employers in the National Capital Region (NCR) during the...
The Senate on Wednesday, September 6 convened the select oversight hearing on the confidential and intelligence funds (CIF), programs and activities in a bid to address questions and criticisms regarding the huge amount of CIF allocations given to key government agencies under the proposed...
