A tax expert raised questions on the financial records of Pharmally Pharmaceutical Corporation, the firm implicated in the alleged anomalous purchases of medical supplies for the government’s… Read more “Tax expert: Increase in assets of Pharmally ‘not normal’”
Category: Department of Finance
Go decries ‘bullying’ by colleagues over alleged overpricing anomalies; Gordon calls tirades diversion
Senator Bong Go on Tuesday cried foul over allegations linking him to the issues hounding the Department of Budget and Management Procurement Service s (DBM-PS) purchase of… Read more “Go decries ‘bullying’ by colleagues over alleged overpricing anomalies; Gordon calls tirades diversion”
Banks’ bad loans may rise until H1 next year
MANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the… Read more “Banks’ bad loans may rise until H1 next year”
Govt designates NDFP as ‘terrorist’ organization
MANILA, Philippines — The government’s Anti-Terrorism Council designated the National Democratic Front of the Philippines as a ‘terrorist’ organization, citing its ties with the Communist Party of… Read more “Govt designates NDFP as ‘terrorist’ organization”
Peso falls back to ₱50-per-dollar level
MANILA, Philippines — The Philippine peso returned to the 50 to the dollar level on Friday — its weakest performance against the greenback in more than a… Read more “Peso falls back to ₱50-per-dollar level”
AMLC tracks P62.5 trillion suspicious transactions
MANILA (AdChoiceTV News) — Suspicious transaction reports (STRs) involving tax crimes in the Philippines have reached P62.5 trillion over a three-year period, according to the Anti-Money Laundering… Read more “AMLC tracks P62.5 trillion suspicious transactions”
BSP shuts down another money changer for anti-laundering breach
MANILA (AdChoiceTV News) — The Philippine central bank is continuing its crackdown on money changers violating anti-money laundering regulations with another one being stripped by the Monetary… Read more “BSP shuts down another money changer for anti-laundering breach”
What happened to unreleased ₱173 billion under Bayanihan 2? – Pangilinan
MANILA (AdChoiceTV News) — An opposition lawmaker on Wednesday questioned why ₱173 billion under the Bayanihan to Recover as One Act remains unspent even as its June… Read more “What happened to unreleased ₱173 billion under Bayanihan 2? – Pangilinan”
No funds yet for Bayanihan 3, gov’t admits
MANILA (AdChoiceTV News) — While President Duterte’s chief economic manager supports more financial aid to vulnerable sectors amid the prolonged pandemic, he maintains that additional spending should… Read more “No funds yet for Bayanihan 3, gov’t admits”
‘All Pinoys to get P2,000 ayuda under Bayanihan 3’
MANILA (AdChoiceTV News) — All 110 million Filipinos will receive “ayuda” or cash aid of P2,000 each under the Bayanihan to Arise as One Act or Bayanihan… Read more “‘All Pinoys to get P2,000 ayuda under Bayanihan 3’”
Cayetano wants House inquiry on Bayanihan 1, 2 fund use
MANILA (AdChoiceTV News) — Former Speaker and Taguig-Pateros Rep. Alan Peter Cayetano is seeking an investigation into how the first two Bayanihan measures, which sought to cushion… Read more “Cayetano wants House inquiry on Bayanihan 1, 2 fund use”
ECQ ‘ayuda’ of P1k per individual to be given in-kind according to DBM
MANILA (AdChoiceTV News) — The government will give in-kind assistance to low-income individuals in the “NCR Plus bubble” — namely Metro Manila, Bulacan, Rizal, Cavite, and Laguna… Read more “ECQ ‘ayuda’ of P1k per individual to be given in-kind according to DBM”
Palace eyes more beneficiaries for ECQ ‘ayuda’; aid out by end of April
MANILA (AdChoiceTV News) — The government aims to provide assistance not just to poorest households but also to workers affected by the imposition of the strictest quarantine… Read more “Palace eyes more beneficiaries for ECQ ‘ayuda’; aid out by end of April”
PSA: Unemployment hit 15-year high in 2020
AdChoiceTV News — About 4.5 million Filipinos were unemployed last year, reaching a record 15-year high and reflecting the impact of the pandemic on livelihoods and businesses… Read more “PSA: Unemployment hit 15-year high in 2020”
MAPPED: Davao wins big in NTF-ELCAC’s P16.4-B barangay program
Davao Region and Davao City are set to receive billions from the NTF-ELCAC’s anti-communist funds AdChoiceTV News — The National Task Force to End Local Communist Insurgency… Read more “MAPPED: Davao wins big in NTF-ELCAC’s P16.4-B barangay program”
Philippines gets P3.72-B grant, 500K vaccine doses from China
China on Saturday provided a 500-million renminbi (P3.72-billion) grant to the Philippines to bankroll various livelihood and infrastructure projects, which might also be used to finance the… Read more “Philippines gets P3.72-B grant, 500K vaccine doses from China”
Duterte signs 2021 budget with eyes set on pandemic rebound
AdChoiceTV News — President Rodrigo Duterte signed on Monday evening the P4.5 trillion spending plan for next year, targeted to fund programs to ensure the economy realizes… Read more “Duterte signs 2021 budget with eyes set on pandemic rebound”
PSALM sends final demand letter to Olongapo LGU for payment of P6.713-B unpaid electricity bills
The Power Sector Assets and Liabilities Management Corp. (PSALM) has sent a final demand letter to the Olongapo City Government to pay its long overdue obligations of… Read more “PSALM sends final demand letter to Olongapo LGU for payment of P6.713-B unpaid electricity bills”
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