After a relentless two-year battle, health workers in Government-Owned and Controlled Corporations (GOCCs), the Philippine General Hospital (PGH), and the Department of Health (DOH)-retained health workers have triumphed in securing their long-overdue health emergency allowances (HEA) covering the...
The Bureau of the Treasury reported that state-run companies' financial independence strengthened in October this year, as the national government's subsidy to these corporations decreased. Based on the Treasury bureau’s report, the total subsidies granted to government owned and controlled...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has collaborated with the Asian Development Bank (ADB) to strengthen its supervision of sovereign wealth funds (SWF). In a statement, Marius P. Corpus, GCG chairperson, said the capacity-building activity offered them...
The Court of Tax Appeals (CTA) has denied the petition of the National Food Authority (NFA) which challenged the real property tax (RPT) imposed by the municipality of Shariff Aguak in Maguindanao. The NFA questioned the municipality's RPT assessment against it as it argued that it is a government...
The nomination of Alexander T. Lopez as chairman of the Philippine Reclamation Authority (PRA) has been approved by President Marcos. (From left) President Ferdinand Marcos Jr. and Philippine Reclamation Authority (PRA) board member Alex Lopez (Photo from Alex Lopez/Facebook) In a letter signed by...
The Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Government Service Insurance System (GSIS) are the top three government owned and controlled corporations (GOCCs) which netted the highest income in 2022. Based on the Annual Financial Report (AFR) on...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Yamsuan has challenged the Governance Commission for Government-Owned and -Controlled Corporations (GCG) to take the lead in promoting good governance in the bureaucracy. This was the gist of Yamsuan's message to...
Liberal Party (LP) President and Albay 1st district Rep. Edcel Lagman is disputing his fellow congressman's claim that the country’s government-owned and controlled corporations (GOCCs) has surplus earnings for the proposed Maharlika Investment Fund (MIF). Albay 1st district Rep. Edcel Lagman...
Whoever said that independent minority solon Albay 1st district Rep. Edcel Lagman and President Ferdinand "Bongbong" Marcos Jr. would never agree on anything regarding the controversial Maharlika Investment Fund (MIF)? Albay 1st district Rep. Edcel Lagman (left) and President Ferdinand "Bongbong"...
The approval of the proposed Maharlika Investment Fund (MIF) must be recalled by the House of Representatives, independent minority solon Albay 1st district Rep. Edcel Lagman said on Saturday, Jan. 21. Albay 1st district Rep. Edcel Lagman (Facebook) This, after he got wind of a new MIF that was...
There's a brand new version of the controversial Maharlika Investment Fund (MIF), one that apparently has President Ferdinand "Bongbong" Marcos Jr.'s nod. (Mari Gimenez/ Unsplash) Economist-solon Albay 2nd district Rep. Joey Salceda, one of the people who crafted this new MIF, discussed in an ANC...
The proposed Maharlika Investment Fund (MIF) that wowed potential investors at the World Economic Forum (WEF) in Davos, Switzerland was essentially a rewritten document that's entirely different from the bill passed by the Philippine House of Representatives. Albay 2nd district Rep. Joey Salceda...
