The Commission on Audit on Wednesday, Sept. 15 cleared the air on the controversy surrounding the reported overpricing of billions of pesos worth of face masks and face shields procured by government, declaring that there was no finding of “overpricing” when it audited the Procurement...
D&L Industries has successfully listed its maiden bond offering at the Philippine Dealing and Exchange Corporation (PDEx) after being oversubscribed by both individual and institutional investors. The firm raised ₱5 billion from the issuance of Peso-Denominated Fixed-Rate Bonds consisting of...
Former Budget Undersecretary Lloyd Christopher Lao on Monday, Sept. 13, maintained that he exercised due diligence in selecting contractors for the Department of Health's (DOH) supply requirements for COVID-19 response. Former Budget Undersecretary Lloyd Christopher Lao addresses issues related to...
It appears to Vice President Leni Robredo that President Duterte is “coddling” government officials who are involved in allegations of corruption. Vice President Leni Robredo (BISErbisyong Leni/Facebook) Speaking on her Sunday radio show, Robredo lamented that instead of investigating these...
Senator Richard Gordon on Wednesday, September 8, accused President Duterte of covering up the alleged overpricing in the government's procurement of personal protective equipment (PPEs) and other equipment amid the pandemic President Duterte and Senator Senator Richard Gordon (File photos) "...
Vice President Leni Robredo is questioning the integrity of President Duterte’s supposed anti-corruption drive amid the possibility of premeditated plunder in his administration involving billions worth dubiously purchased medical supplies during the coronavirus disease (COVID-19) pandemic. Vice...
D&L Industries’ maiden bond offering garnered strong support from fixed income investors as total bids received amounted to P13.8 billion, which is equivalent to 4.6 times the base offer size of P3 billion. In a disclosure to the Philippine Stock Exchange, the firm said that, light of the...
Vice President Leni Robredo on Sunday, August 5, dismissed Presidential Spokesman Harry Roque’s revelation on the personal protective equipment (PPE) sets purchased during the Aquino administration, saying this was “a lame attempt” to divert the issues from the P8.7 billion worth of...
The six presidential appointees to the Philippine Red Cross may have already exceeded their term of office as members and officers of the board of the humanitarian non-government organization. Atty. Larry Gadon2 Anti-corruption advocate lawyer Larry Gadon said President Rodrigo Duterte should now...
Presidential Spokesperson Harry Roque believes that the controversial former Procurement Service (PS) executive director Christopher Lloyd Lao is still in the Philippines Former PS-DBM executive director Christopher Lloyd Lao (Screenshot from Senate YouTube video) Roque was asked about the former...
Department of Health (DOH) Secretary Francisco Duque III was the one who committed the “original sin” in the procurement of overpriced personal protective equipment (PPE) supplies in 2020 since he authorized the transfer of the P42-billion to the Department of Budget and Management’s...
Senate Minority Leader Franklin Drilon on Thursday, Sept. 2 said sees Health Secretary Francisco Duque III and former budget undersecretary Christopher Lao as the officials who are primarily culpable for the “planned plunder’ in the government’s procurement of overpriced personal protective...
