No matter how complex government budget is, it must be made accessible and understandable for every Filipino, President Marcos said. The President made the remark on Friday, June 26, during the launch of the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS),...
The driver of former Department of Public Works and Highways (DPWH) district engineer Henry Alcantara told the Sandiganbayan on Tuesday, June 23, that he delivered sealed boxes, which he suspected contained money, from the Bulacan First District Engineering Office to individuals he identified as...
The pre-trial conference for the impeachment trial of Vice President Sara Duterte may continue through this week due to the large volume of documentary evidence still being marked. Defense spokesperson Michael Poa said on Monday, June 22, that both the defense and prosecution remain in the...
The Office of the Ombudsman has ordered the immediate preventive suspension of Catanduanes Vice Governor Robert Fernandez and 11 members of the Sangguniang Panlalawigan over alleged irregularities involving the province’s Quick Response Fund (QRF) following the onslaught of Super Typhoon Uwan in...
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...
