Vice President Leni Robredo on Sunday, August 29, criticized the government’s P8.6-billion deal with Pharmally Pharma, a newly registered pharmaceutical company with links to President Duterte’s ex-economic adviser Michael Yang that sold overpriced medical supplies amid the COVID-19 pandemic....
Senate Minority Leader Franklin Drilon on Sunday, Aug. 29 expressed belief the procurement of overpriced personal protective equipment (PPE) over P8-billion from an obscure company by the camp of former budget undersecretary Christopher Lao was premeditated. “Mukhang plinano talaga itong...
There may have been a collusion or lack of due diligence by former Department of Budget and Management Procurement Service (DBM-PS) chief Lloyd Christopher Lao in awarding a multibillion-peso contract involving face masks, face shields, test kits and personal protective equipment (PPEs) to a newly...
Senator Panfilo Lacson questioned on Friday, August 27, the claim that the high demand for face shields prompted the government's allegedly overpriced procurement of the protective wear in 2020. Senator Panfilo Lacson during the Senate Committee of the Whole's inquiry January 15, 2021, on the...
Former Budget Undersecretary Christopher Lao conceded on Friday, August 27, that there might be negligence in the government's purchase of allegedly overpriced face masks and face shields at the start of the COVID-19 outbreak last year. Former Budget Undersecretary Lloyd Christopher Lao attends the...
The Securities and Exchange Commission (SEC) has approved the planned public offering by D&L Industries, Inc. of fixed-rate bonds worth up to P5 billion. In its meeting on August 26, the Commission En Banc resolved to render effective the registration statement of D&L covering up to P3...
A former budget official is willing to face a Senate inquiry following questions raised about government's procurement of certain medical supplies when the pandemic hit last year. Former Budget Undersecretary Lloyd Christopher Lao addresses issues related to the purchase of medical supplies during...
Former budget undersecretary Lloyd Christopher Lao should participate in the Senate 's probe and explain the circumstances behind the government’s procurement of overpriced personal protective equipment (PPEs) which the Commission on Audit (COA) has flagged in its latest audit report. Senator...
Senate Minority Leader Franklin Drilon on Thursday pressed Lloyd Christopher Lao, a former aide of Sen. Christopher “Bong” Go, to explain to the Senate the circumstances behind the Department of Health’s (DOH) transfer of P42.4-billion budget to the Department of Budget and Management’s...
D&L Industries the country’s largest specialty food ingredients, plastics and oleochemicals firm, sustained its strong recovery in the second quarter of 2021, setting the stage for the firm to exceed its pre-pandemic earnings in 2019. In an online press briefing, D&L President Alvin D....
The Philippine Economic Zone Authority (PEZA) has granted an extension for the start of commercial operations (SCO) for D&L Industries’ Batangas plant in light of delays in the delivery of equipment and machineries due to the recent surge in COVID-19 cases. In a disclosure to the Philippine...
D&L Industries, the country’s largest specialty food ingredients, plastics and oleochemicals firm, is currently participating in a vaccination drive initiated by the Quezon City Local Government Unit (LGU). In a statement, the firm said the objective of the vaccination drive is to hasten the...
