CEBU CITY – Nine foreigners and two Filipinos were arrested after they were caught carrying bags filled with cash amounting to close to P500 million at the Mactan-Cebu International Airport (MCIA).BUNDLES of cash stuffed in seven luggages were recovered from nine foreigners and two Filipinos at...
The Commission on Audit (COA) has affirmed with finality the P64.9 million refund to be paid by the Philippine Army (PA) to JROG Marketing for the excessive charge of liquidated damages imposed on the delay in the delivery of equipment.It denied the motion for reconsideration filed by the PA which...
The Commission on Audit (COA) has denied for lack of jurisdiction and merit the P2.1 million money claim of Pitney Bowes Software Pte. Ltd. against the Department of Public Works and Highways (DPWH).On July 4, 2012, the DPWH entered into a contract agreement with Pitney Bowes for the provision of...
Mayor Vico SottoWith the May midterm elections fast approaching, many are still wondering why incumbent Pasig City Mayor Vico Sotto has fewer campaign materials than other candidates gunning for a seat in the city's local government.His answer: He's doing his part against "Money Politics."On...
Twenty former employees of the Veterans Memorial Medical Center (VMMC) or Veterans Golf Club (VGC) have been ordered paid by the Commission on Audit (COA) a total of P3.69 million for their accumulated vacation and sick leaves from 2004 to 2011.While 48 members of VMMC/VGC filed their petitions for...
The Commission on Audit (COA) has directed Oroquieta City in Misamis Occidental to pay Limar's Medical Supplies Trading P245,917.50 for the medicines and vaccines the city government purchased in 2020.Limar's Trading, through its proprietor John-jay S. Ramil, filed a petition for money claim before...
The Commission on Audit (COA) has ordered the Philippine Postal Corporation (PhilPost) to pay Filmetrics Corporation P47.2 million for the delivery and set up of the Biometric Data Service Facility (BDSF) in 2010.Filmetrics filed a petition for money claim against PhilPost due to the reported...
Smart Money, an early leader in the country's e-wallet market, is being piloted among MVP Group employees, signaling a potential return to the market and a bid to recapture lost market share.In a press briefing on Thursday, Feb. 27, Smart Communications Chief Operating Officer Anastacio Martirez...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector.On the final day of the FATF plenary on Feb. 21, 2025,...
Malacañang has welcomed the country's much-wanted exit from the Financial Action Task Force (FATF) greylist, saying the development reaffirms the government's actions are aligned with international standards.File photosIn a statement, Executive Secretary Lucas Bersamin said the country's exit from...
ZAMBOANGA CITY – The City Peace and Order Council chaired by Mayor John Dalipe has approved a P200,000 incentive to Police Senior Master Sgt. Ryan Mariano who neutralized two lawless elements here on New Year's Eve.The incentive was approved during the City Peace and Order Council meeting on...
After pulling out of the Philippines in October, foreign investors came back in November, putting money into the country's stock market and government bonds, data from the Bangko Sentral ng Pilipinas (BSP) showed.Foreign portfolio investments registered with the central bank reached $96.59 million...
