Executive Secretary Ralph Recto reiterated that he has no criminal liability in the transfer of P60 billion in PhilHealth reserve funds to the National Treasury, describing the plunder charges filed against him as a ‘nuisance and harassment case.’" "This is nothing but a nuisance and a...
Physician and public health advocate Tony Leachon on Monday, May 25, filed plunder and technical malversation charges before the Office of the Ombudsman against Executive Secretary Ralph Recto and several Cabinet officials over the alleged diversion of P60 billion in PhilHealth reserve funds and...
The Bangko Sentral ng Pilipinas (BSP) has amended the exposure limits for unit investment trust funds (UITFs), allowing funds invested in exchange-traded equities to take on larger exposure to a single entity or issuer under certain conditions. Under the BSP’s Circular No. 1234 signed by BSP...
International Finance Corp. (IFC) has approved its planned investments in two private equity (PE) funds that are eyeing investments in the Philippines and the broader Southeast Asian region. In disclosures last May 7 and April 24, respectively, the World Bank Group’s (WBG) private-sector lending...
While Senator Rodante Marcoleta cried foul over the allegation that he sought P500 million in "allocables" from the Department of Public Works and Highways (DPWH), Senate President Pro Tempore Panfilo "Ping" Lacson pointed out that he missed the most important reaction: denying it. "He...
Vice President Sara Duterte claimed that the Philippines no longer has sufficient funds, citing a supposed directive from the Department of Budget and Management (DBM) requiring government offices to account for their savings, prompting a sharp response from Malacañang. During an interview in The...
SAFFORD, Ariz (AP) — Grammy-winning rapper Prakazrel 'Praz ' Michel of the Fugees has reported to federal prison to begin a 14-year sentence following a conviction over illegally funneling millions of dollars in foreign contributions to former President Barack Obama’s 2012...
Vice President Sara Duterte on Wednesday, April 22, warned that corruption in climate infrastructure projects in the Philippines poses a “direct threat to national security,” as the country faces increasingly destructive storms. In her Earth Day 2026 message, Duterte cited the devastation...
While Malacañang distanced itself from the recent rulings on the Office of the Vice President 's (OVP) confidential funds, it stressed that its leadership must properly explain them. Palace Press Officer and Communications Undersecretary Claire Castro said that if Vice President Sara Duterte...
Pro-impeachment congressmen have made a big deal about the Commission on Audit’s (COA) apparent order for Office of the Vice President (OVP) officials to return disallowed confidential funds amounting to nearly ₱73.3 million. But what if Vice President Sara Duterte and the others involved...
Vice President Sara Duterte is once again facing intensified scrutiny after the Commission on Audit (COA) upheld the disallowance of P73.28 million in confidential funds, with Malacañang reiterating its firm stance on accountability and transparency. The Presidential Communications Office (PCO),...
The Commission on Audit (COA) says the Office of the Vice President (OVP) must return the disallowed P73.28 million worth of confidential funds that it spent in December 2022. This was learned by the House Committee on Justice Tuesday night, April 14 during its hearing for the determination of...
