The Office of the Ombudsman (OMB) has found probable cause to charge in court former Department of Health (DOH) secretary Francisco T. Duque and Procurement Service-Department of Budget and Management (PS-DBM) undersecretary Lloyd Christopher A. Lao with graft in the alleged illegal transfer of...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
The National Economic and Development Authority (NEDA) has expressed its support for the Department of Agriculture’s proposal to extend the Rice Competitiveness Enhancement Fund (RCEF). “NEDA is looking at that issue. There are pros, there are cons. I would like to think that keeping the RCEF...
Senator Sherwin Gatchalian renewed his call to strengthen the involvement of local government units (LGUs) in improving the quality of basic education. Gatchalian said that this is part of the effort to decentralize governance in the basic education sector. His proposal is outlined in the 21st...
The Maharlika Investment Corp. (MIC) unveiled its new company logo that aims to symbolize dedication to building a prosperous future for the Philippines. Inspired by the majestic Philippine Eagle, the state-run firm governing the Maharlika Investment Fund (MIF) said the logo embodies strength and...
The provincial government of Leyte "misused" P1.287 million of its Local Disaster Risk Reduction and Management Fund (LDRRMF) for catering services and other unrelated activities in 2023, the Commission on Audit (COA) said. In its 2023 annual audit report, COA said disbursements...
The Home Development Mutual Fund or Pag-IBIG Fund has released P200 million to finance the construction of two housing projects in Luzon and Visyas, the Department of Human Settlements and Urban Development (DHSUD) said on Sunday, April 14. DHSUD Secretary Jose Rizalino Acuzar said the two...
(Mark Balmores/MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee said the Department of Agriculture (DA) should be ready to disburse its Quick Response Fund (QRF) provided under the national budget amid the severe drought affecting various...
The Commission on Audit (COA) has flagged the officials of Ramos town in Tarlac for "lack of responsiveness to the real needs of residents' when 90 percent of the town's farmlands were inundated and 1,126 families were affected by typhoons "Egay" and "Falcon" in July and August 2023. In its 2023...
The National Electrification Administration (NEA) has sternly cautioned the country’s 121 electric cooperatives (ECs) not to be tempted on exploiting the retirement fund of their employees or in utilizing them as convenient piggy bank ready for embezzlement. NEA Administrator Antonio Mariano...
The Social Security System (SSS) said the pension fund is on track to achieve a robust growth in net income this year, supported by increased investment returns and enhanced collection initiatives. Rolando Ledesma Macasaet, SSS president and chief executive officer said that the fund is projecting...
In response to the challenges posed heavy rain and water supply problems in Zamboanga City, the Government Service Insurance System (GSIS) unveiled an emergency loan program for its members and pensioners. In a statement, the pension fund for government workers announced that it has allocated...
