We are sorry, the requested page does not exist
Record 9 vehicles, CoA orders PNR
The Commission on Audit has admonished the Philippine National Railways, or PNR, for omitting nine serviceable motor vehicles valued at P6.622 million from its books or financial records. According to state auditors, the issue was brought to the PNR’s attention as early as 2016, but the organization has taken no measures so far. The nine motor vehicles were from the completed projects of PNR from 2010 to 2015. The 2022 audit showed that the PNR failed to provide documentation to substantiate the transfer of ownership of the nine vehicles from the contractor despite the PNR making annual registration payments for the said vehicles. “Further investigation revealed that the certificate of registration of the said nine motor vehicles are registered under the name of the previous contractors,” the CoA report said. CoA Circular 2017-004 stipulates that as long as the agency controls the PPE, or property, plant and equipment, the same shall be recognized as part of the PPE of the agency. PPE is subject to agency control but not ownership. The agency under audit, CoA said, is still responsible for acknowledging the expenses and corresponding accumulated depreciation and impairment losses of existing PPE, which were not previously recognized due to lack of ownership or title based on contracts, memoranda of agreement, and other pertinent factors. Understatement “The non-recognition of the cost of motor vehicles and corresponding depreciation and accumulated depreciation understated the Transportation Equipment, Accumulated Depreciation, and Accumulated Deficit as of December 31, 2022,” CoA said. PNR in 2022 incurred an understatement of Depreciation Expenses and Accumulated Deficit, amounting to P50.546 million and P253.729 million, respectively. Moreover, audit findings revealed that several PNR offices assign and use the motor vehicles, necessitating their inclusion in the books or official records. Citing the reason of PNR, the CoA disclosed that the motor vehicles remained unrecorded due to a lack of proof of ownership. It then directed the PNR to mandate its Controllership Division to officially acknowledge the nine motor vehicles in their books. PNR said it would comply with the CoA order. The post Record 9 vehicles, CoA orders PNR appeared first on Daily Tribune......»»
Nina Lim-Yuson — A lifetime of girl scouting
The president of the Girl Scouts of the Philippines, Nina Lim-Yuson, grew up in a family and home of Girl Scouts. Her grandmother, Pilar Hidalgo-Lim, was one of the co-founders of the GSP. “It was actually my Lola Pilar who suggested to Josefa Llanes Escoda, the GSP founder, to go to America to learn about girl scouting.” This tidbit of history, Nina shared in an online interview with the DAILY TRIBUNE. Pilar Hidalgo-Lim became GSP president, and so did Nina’s mother, Estefania Aldaba-Lim, who served as secretary of the Department of Social Welfare and Development. Nina’s sister too, the eminent broadcast journalist, Cheche Lazaro, was a Girl Scout. Coming from a lineage of women achievers, Nina could not have chosen a different path. It was scouting that formally introduced the family to social responsibility, skills development and citizenship. Her brothers were also Boy Scouts. “I started when I was six years old and it was my Lola Pilar who inducted me as a Brownie. It used to be called Brownie because we were still using the American pattern,” she related. She belonged to Troop Number One, the first to be organized by the GSP national headquarters. In high school at the Jose Abad Santos Memorial School of the Philippine Women’s University, she became a junior and later a senior Girl Scout. College would briefly end her Girl Scouting as she focused on her studies. Along the way, she also danced with the Bayanihan Folk Dance Company. It was not unexpected that she would return to scouting, her first love, and her first extra-curricular activity. For the last 36 years, she has been active in various organizations and volunteer work. She founded the Museong Pambata. She is a recipient of The Outstanding Women in the Nation’s Service and is active in its various social development efforts. What Nina brings to her post is the legacy of leadership that had been passed on to her through generations of women leaders in the family. “My Lola Pilar was my idol. She was such a nice person and I never knew her totally as a president. I knew her more as a loving lola from all the stories she related when we rode up to Baguio. “My mother, on the other hand, was the opposite. She was very career-minded. I learned naman from her a lot of things, like being thrifty and having a list of things to do. In terms of organization, she was like that. Because she was in government. And, you know, when we started Museo, while it was actually my concept, I learned a lot from her. She would call me up at 5 o’clock in the morning and she would rattle off what needed to be done, like ‘number one, number two and so on.’ That was her. And I’m glad that I worked with her for six years in Museo. She was the president and I was the executive director for six years. I took over in 2000 as president and chief executive officer. And then, I stepped down in 2017.” Girl Scouts who read and tell stories Nina was elected president of the Girl Scouts of the Philippines for the term 2021-2024 during its 2021 national convention. From day one, she shared, “My purpose was to reach out to the community-based troops because we have always been school-based. Many young women now have social problems so we need to reach out to the communities through our community-based troops.” Also on top of her priorities is literacy development, a cause that she addressed even in the Museo Pambata. She explained, “My advocacy has always been education. So, I was very concerned because the Asian Development Bank reported in 2022 that the World Bank found out that our Filipino children at ages 9 and 10 cannot read. So, I felt that because girl scouting is all over the country, with 96 local councils, the organization could serve as a vehicle for improving literacy in our country. “We started the Girl Scout Storyteller project because storytelling affects the heart first before the mind. When young people start with storytelling, they will love the stories and then the written word. They would then want to read. “We now have storytelling in economically challenged communities and we have partners. We sent out 2,500 books throughout the country with the help of our partner couriers.” Initially, she sought the help of her family foundation “to give a donation. I also sought the help of Ging Montinola, who is into literacy development. Together, we founded the literacy program. We are building this fund to cover the cost of buying children’s books. We will have a storytelling contest next year.” Raising funds for Camp Escoda Nina then shifted the conversation to another major endeavor that she is spearheading as GSP president — fundraising for the 27-hectare Camp Josefa Llanes Escoda in Palayan City, Nueva Ecija, which was donated by the provincial government during the term of Governor Amado Aleta, the father of consul and civic leader Fortune Ledesma. “Palayan is beautiful because it has rolling hills, but it doesn’t have electrical and water facilities and roadworks. It doesn’t have a swimming pool, and it’s so hot in Nueva Ecija. It also does not have a conference hall. This is a big one-time fundraising project because it’s for the future of the girls who are going to the camp. Because as of now, if you go camping there, you have to walk up the hills to get your drinking water. You have to make buhos to take a bath.” She recalled, “In my time as a young Girl Scout, which was of another era, we had to walk in the dark to fetch water to fill up two drums. I was so scared because there were tuko in Los Baños. That taught me to be courageous. Camps really build up your lifetime skills and attitude. Camping is very integral in girl scouting and boy scouting. So, this camp will serve a purpose. It just needs various basic facilities to make it world-class and convenient with the proper amenities, but the girls will continue to learn all those survival techniques and appreciate nature right on the camp.” She praised architect Pippo Carunungan, “who is an environmental planner. He surveyed the site and drew up everything. It will be a beautiful camp, he said, because it’s a gift of nature.” First Lady as Chief Girl Scout Nina recently led the Girl Scouts in a fundraising ball attended by the “First Lady, Liza Araneta-Marcos, who is our Chief Girl Scout. It’s mandated in the GSP constitution that whoever is the female president of the country or the First Lady is the Chief Girl Scout. In the past, we had Imelda Marcos, Gloria Macapagal Arroyo. All the first ladies were all Chief Girl Scouts. “Mrs. Liza Marcos spoke before us and she promised to help. She said, ‘We will make it the best campsite.’ Everyone was excited to see her and she obliged everyone who asked to have selfie with her. She is very friendly. She is really a Girl Scout.” Nina shared, “A generous couple is sponsoring the swimming pool at P6 million, while a gentleman entrepreneur is sponsoring the perimeter fence at P1.5 million. Many other businessmen and leaders have pledged to help build this dream GSP project. “We really need to raise about 50 million to have a very good camp. But when the First Lady heard about it, she said, ‘It has to be P250 million.’ But, really, when we have the funds, we can have deep toilets that have running water instead of tabo-tabo. Since we have a little Pampanga river that runs across the camp, we can build a bridge that crosses it and then the girls can have white-water rafting there in the Pampanga river. “Camp Escoda will be a very important and significant venue for our Girl Scouts to gather, bond, learn new skills and develop as morally upright citizens of the country and the world. It is especially so because camping is integral in any Girl Scout’s life. If you don’t have camping, it’s like half of your scouting life is missing. Every Girl Scout remembers that time of her youth. And being the national camp, it will welcome Girl Scouts representing the 96 councils from Luzon, Visayas and Mindanao who will participate in various events and trainings.” Girl Scouts of all ages As GSP president, Nina travels to various parts of the country. “We have regional conferences aside from the meeting of the Central Board when regional heads and executives come to Manila. “I had just come from Baguio where I stayed for two-and-a-half days. I met our young Girl Scout representatives from ages 14 to 18. I enjoyed listening to them and exchanging ideas with them. I am so happy that we have a wealth of intelligent girls who want to serve the country. They are the ones who are going to take over. “It’s amazing that GSP is no longer limited to old people on the board. We finally have young ones on the board. Our Escoda committee is headed by Jade Delgado from Iloilo. Then we have Justine Bautista. She’s a psychometrician. She heads the Program Committee, which is a big committee because when we were in Baguio, we had 86 girls from all the councils throughout the country. Many of them are running for SK. “So, in my 70s now, which I don’t feel at all, I don’t take any medicines or something like that. Being with young people is what inspires me. Because at 15, 16 or 17, they already know that they have some kind of a mission.” Nina proudly shared that the venue of the Baguio conference, 'Ating Tahanan' on the South Drive was bought during the tenure of my Lola Pilar. We have four buildings there, including the houses of Senator and actor Rogelio de la Rosa and Carlos Valdes, the accountant. Lola Pilar, according to Carlos Valdes, twisted his arm to get a low price. I’m so thankful for all those who preceded me because they bought these places. It’s on South Drive which is so valuable. We even have a reserved forest behind us.” As she looks forward to the next camping and gets even busier raising funds for Camp Escoda, Nina feels elated that “every one of us in the Girl Scouts has been together in our various undertakings. The nice thing is we are now intergenerational because we try to bring in the old with experience, institutional memory and their wisdom born of their long life, and the young who are full of enthusiasm, energy and new ideas.” A star scout for a granddaughter While Nina does her part for the bright future of girl scouting in the country, her personal family too has not stopped contributing to the roster of members to this worldwide organization. Today, a granddaughter of hers, seven-year-old Rocio Yuson de Guzman, is a Star Scout. She is the daughter of Nina’s daughter, Nicky. No grandmother could have been prouder. Nina said, “Rufio loves being a star scout. When I arrived from the recent world conference in Cyprus, I came back with some badges and I gave some to Rufio who is very proud of the little badges that I got for her.” For sure, Nina will pass on not just the badges to Rufio. More importantly, she will give her granddaughter the once-in-one’s-childhood experience of being a Girl Scout and learning “the values that are identified in the Girl Scout Promise and Laws. I think that while there is so much to enjoy and learn, it is the inculcation of these values that would mold her into a well-rounded human being. As we all know, a Girl Scout’s honor is to be trusted. A Girl Scout is loyal, thrifty, courteous… and so on. It’s like a mantra -- the values that one lives by. “I have reached that point when it is not about success or what one accumulates in life, whether awards or accomplishments or material things. It is more about what I can share and scouting gives me that honor and privilege — to do my part in helping mold our young girls and making them aware even at an early age that they have a mission and worthy purpose in life. It is not just about being good and outstanding on your own but it is also about helping others to become better in what they’re doing and live better lives. “And I need not look far. As a grandmother, I dote on my Star Scout granddaughter, Rufio. There’s a world out there for her to discover and in which she has a role to play and use the skills and values she will learn from scouting.” The post Nina Lim-Yuson — A lifetime of girl scouting appeared first on Daily Tribune......»»
NASA joins the still controversial search for UFOs
NASA on Thursday officially joined the search for UFOs -- but reflecting the stigma attached to the field, the US space agency wouldn't identify the director of the new program tasked with tracking mystery flying objects. The official's appointment is the result of a year-long NASA fact-finding report into what NASA calls "unidentified anomalous phenomena (UAP)." "At NASA, it's in our DNA to explore -- and to ask why things are the way they are," NASA chief Bill Nelson said. An independent team of 16 researchers concluded in the report that the search for UAPs "demands a rigorous, evidence-based approach." NASA is well positioned to play a prominent role, thanks to its satellite capabilities and other technical assets. But the agency stressed in its report that any findings of possible extraterrestrial origin "must be the hypothesis of last resort -- the answer we turn to only after ruling out all other possibilities." "We want to shift the conversation about UAP from sensationalism to science," Nelson said. Even if NASA has long explored the heavens, hunting for the origin, identity, and purpose of a growing number of unexplained flying objects over planet Earth is bringing unprecedented challenges. Military and civilian pilots keep offering a multitude of reports on strange sightings. But decades of movies and sci-fi books about aliens mean the entire topic is mostly laughed off by the public as the territory of cranks. That atmosphere explained the unusual decision by NASA to decline to identify the lead UAP official's identity. "We need to ensure that the scientific process and methods are free," said Daniel Evans, who worked on the year-long NASA report leading to the announcement. "Some of the threats and the harassment have been beyond the pale quite frankly," Evans said. 800 events There have been more than 800 "events" collected over 27 years, of which two to five percent are thought to be possibly anomalous, the report's authors said during a May meeting. These are defined as "anything that is not readily understandable by the operator or the sensor," or "something that is doing something weird," said team member Nadia Drake. The US government has begun taking the issue of UAPs more seriously in recent years, in part due to concerns that they are related to foreign surveillance. One example of a still unexplained phenomenon was a flying metallic orb spotted by an MQ-9 drone at an undisclosed location in the Middle East, which was shown to Congress in April. NASA's work, which relies on unclassified material, is separate from a parallel Pentagon investigation, though the two are coordinating on matters of how to apply scientific tools and methods. In July, a former US intelligence officer made headlines when he told a congressional committee he "absolutely" believes the government is in possession of unidentified anomalous phenomena -- as well as remains of their alien operators. "My testimony is based on information I've been given by individuals with a longstanding track record of legitimacy and service to this country -- many of whom also shared compelling evidence in the form of photography, official documentation, and classified oral testimony," David Grusch told lawmakers. Earlier this week, the alleged bodies of two "non-human" beings were presented during a congressional hearing in Mexico, generating a mixture of surprise, disbelief, and ridicule on social media. The purported mummified remains, which had a grayish color and a human-like body form, were brought by Jaime Maussan, a controversial Mexican journalist and researcher who reported finding them in Peru in 2017. The post NASA joins the still controversial search for UFOs appeared first on Daily Tribune......»»
Marina Adams debuts in Asia
Longlati Foundation presents Marina Adams’ debut institutional solo exhibition in Asia, In the Garden of My Memory, featuring 11 large-scale acrylic and watercolor paintings and four scroll intaglio monoprints on paper inspired by Chinese folded books. Poetry is a crucial component of Adams’ artistic practice, intertwining language and painting, opening a pathway through its ineffable sensory experience. In the Garden of My Memory is derived from Ted Berrigan’s poem “Tambourine Life.” Perhaps this phrase struck Adams in her studio on a summer afternoon and leapt off the page. Here, it functions as a cryptic invitation, inviting viewers to journey through the artist’s vibrant realm of memories constructed through colors. Like poetry, Adams’ artworks don’t provide specific imagery or narratives, yet they vividly convey her perspectives and contemplation of the world. Impressions drawn from nature, music, fabrics, architecture and literature are transformed into dynamic colors, humming with the physical resonance of individual existence through the canvas as if its structure were a kind of grammar, and light and shadow serve as its tones. These pieces traverse the boundaries of diverse logical fields, directly reaching the channels of individual senses. [gallery columns="2" size="full" ids="180075,180073"] Adams’ creations should be understood as abstract expressionism within the realm of color field painting. On the one hand, she follows the tradition of color field painting, emphasizing the ontological superiority of overall form and color in the painting, thereby discarding the once-prominent symbols and rhetoric. On the other hand, distinct from the typical serenity and meticulousness of color field paintings, she consistently infuses her colors with spiritual energy, imbuing her paintings with vitality. They undoubtedly emanate from the artist’s bodily rhythm, interpreted into live abstractions through brushes and pigments. Adams earned degrees from Tyler School of Art, Temple University, Philadelphia, and Columbia University in New York. She is the recipient of the John Simon Guggenheim Memorial Fellowship (2016) and the Award of Merit Medal for Painting from the American Academy of Arts and Letters (2018). She has participated in various solo and group exhibitions, including the Parrish Art Museum, Water Mill, New York (2021), Modern Art Museum, Fort Worth (2020), Camden Arts Centre, London (2016) and CUE Art Foundation, New York (2008). Marina Adams’ work is in the collections of the MoMA, New York, the Modern Art Museum of Fort Worth, Texas, the Metropolitan Museum of Art, New York, and the Longlati Foundation, Shanghai. She lives and works in New York, Bridgehampton, Long Island and Parma in Italy. Co-founded by David Su and Zihao Chen in 2017, Longlati Foundation is a non-profit organization registered in Hong Kong. It aims to contribute to the development of contemporary art in its diversity. Curated by Jenny Chen Jiaying, In the Garden of My Memory runs from 14 September to 25 October on the third floor of Longlati Foundation, 117 Hong Kong Road, Huangpu District, Shanghai, China. The post Marina Adams debuts in Asia appeared first on Daily Tribune......»»
‘Margaritaville’ singer Jimmy Buffett dies at 76
American singer-songwriter Jimmy Buffett, best known for his 1977 hit "Margaritaville," has died at age 76, according to a statement on his website. "Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs," the statement said. "He lived his life like a song till the very last breath and will be missed beyond measure by so many." The statement did not include a cause of death. Buffett's classic chill-out anthem "Margaritaville," about beachfront living with a drink in hand, spent 22 weeks on the Billboard chart, and helped launch his decades-long music career and a business empire. Known as the "Mayor of Margaritaville," he released nearly 30 studio albums of country, folk and tropical tunes, and also launched a line of resorts, restaurants and retail stores that capitalized on his laid-back, escapist image. Born December 25, 1946, in the US state of Mississippi and raised in Alabama, Buffett began playing guitar in college and later started performing on the streets and in the clubs of New Orleans, according to his website. He released his first record "Down to Earth" in 1970, and a year later traveled to Key West, Florida, a place that became synonymous with Buffett's paradise-themed music and lifestyle brands. Buffett also penned bestselling books, appeared in movies and on television, and had a brief Broadway run with his musical "Escape to Margaritaville." But his signature song -- and its refrain: "Wastin' away again in Margaritaville, searchin' for my lost shaker of salt" -- is what his legions of fans and beach holidaymakers remember most. "There are people out there looking for a good time for a few days a year," Buffett told Rolling Stone magazine in 1996, referring to his fans, known as "Parrotheads." "We come to town and we're the carnival or the Mardi Gras. People blow off steam and then go back and become basically law-abiding citizens," he said. "But to see them on those two days, you'd go, 'My God, this is the most drunk and boisterous maniac crowd you ever saw!'" "Rest in power @jimmybuffett," rapper LL Cool J wrote Saturday on social media platform X. "I'm glad we had time to vibe. You were and always will be a Truly inspiring human." Former US senator from Alabama Doug Jones said he was sad to hear of Buffet's death. "Following the election in 2017 he serenaded us in Key West with 'Stars Fell on Alabama,'" Jones posted on social media platform X, referring to Buffet's 1981 song. "He lived life to the fullest and the world will miss him." Buffett was preparing to release a new record this year, according to his website. sco/leg © Agence France-Presse The post ‘Margaritaville’ singer Jimmy Buffett dies at 76 appeared first on Daily Tribune......»»
AI takes backseat to good cop work
SULHAMSTEAD, UK (AFP) — Artificial intelligence and facial recognition software are seen by some as the future of crime-fighting around the world. But British police say it has to go hand in hand with more traditional methods of detection, including the use of so-called “super-recognizers.” Forces across the country have been using officers who have an exceptional memory for faces and an above-average ability to identify people. Only one percent of the population has the “super-power,” said Tina Wallace, a surveillance expert with Thames Valley Police. Her team began recruiting the specialist officers in 2017 and now have about 20 on their books, including Alex Thorburn, an officer for 17 years. “I’ve always been good with faces. So when they put a notice out about the tests, I did it!” Thorburn told AFP. “I was shown pictures, dated between 10 and 30 years old, of 10 people. I had to find them in the crowd in the shopping center.” “I found them all, but they looked a lot different from how they did in the photos. That was really interesting.” As AI and facial recognition technology develop at a rapid pace, human skills should not be discounted, insisted Neville. “It isn’t really a competition with facial recognition,” he said. “They can be used together. AI is good with high-quality, front-on images (as with passports at airport e-gates).” According to Neville, demand for super-recognizers is growing, particularly from police forces in Germany and Australia. Professor Davis has posted a basic 14-point test online for anyone curious to check if they have the powers of recall that make them a super-recognizer. “If you get less than 10 or 12, you are not going to be a super-recognizer,” he said. “But if you reach 14, contact me please!” The post AI takes backseat to good cop work appeared first on Daily Tribune......»»
P73-B land title brouhaha perennial, PPA chief says
The P73.548-billion land issue that was recently flagged by the Commission on Audit has been a perennial issue of the Philippine Ports Authority, and they are addressing it, general manager Atty. Jay Santiago said. The P73.548-billion land issue that was recently flagged by the Commission on Audit has been a perennial issue of the Philippine Ports Authority, and they are addressing it, general manager Atty. Jay Santiago said. “It has been our problem since 1974. And since then, we have been addressing that,” said Santiago in a press conference on Tuesday. The CoA report stated that the PPA has more than 3.925 million square meters of land in its books amounting to P73.548 billion that were not supported by original certificates of title. State auditors said a government agency should present a certificate of title when purchasing property under the Government Auditing Code of the Philippines. “When I was seated as PPA general manager, we had been addressing that. There are many processes before we can complete that. That’s been since 1974. We are still surveying those lands. Mind you, the titling entity is the Department of Environment and Natural Resources, so what do you expect,” Santiago said in English and Filipino. He added that there were lands that were already titled, while some were not, but they are addressing the issue. “In 2017, during my time, we had constituted a titling committee composed of members of the PPA board, namely, the Department of Environment and Natural Resources, Department of Public Works and Highways, and Office of the Government Corporate Counsel. And to be fair, this has been an issue long before our administration. And it was in my administration that we initiated steps to rectify this issue,” Santiago said. He said the flagging happened in 2022, but the current PPA management has already taken the initiative to at least heed and address the CoA findings. “The reason why the CoA report came out is because of my request. It was on the PPA’s initiative that the lands would be titled,” he said, pertaining to the 3.925-million square meters of parcels of land being questioned by CoA. CoA flagging Santiago said a CoA flagging does not mean an agency is corrupt, but that issues must be addressed. “When you are flagged by CoA, would that mean that you are already corrupt? No,” Santiago told reporters. The 3.925 million square meters of land valued at P73.548 billion are not yet covered by the original certificate of title to show proof of ownership of the original or reclaimed land in the name of the PPA. “Ownership of the land is uncertain,” CoA said. The post P73-B land title brouhaha perennial, PPA chief says appeared first on Daily Tribune......»»
Pag-IBIG earns CoA’s highest audit rating anew
Commission on Audit’s or CoA’s highest audit rating was conferred on shelter financier PagIBIG Fund for the presentation of its financial statements for the 11th consecutive year. State auditors, in a letter dated 22 June, informed Pag-IBIG Fund that it has rendered an unmodified opinion on the fairness of the presentation of its financial statements for the years 2021 and 2022. In the same letter, CoA upgraded its prior issued modified opinion on the agency’s books for 2021, after PagIBIG Fund enhanced its data migration system following the state auditors’ recommendations. These developments have enabled the agency to maintain its streak of garnering CoA’s highest audit rating for the 11th straight year. Agency milestone “This is truly a significant milestone in Pag-IBIG Fund’s history. Earning the highest opinion from CoA for the 11th consecutive year is yet another proof that Pag-IBIG Fund has been, and continues to be, managed properly. This is a testament to how Pag-IBIG Fund upholds excellence and integrity in managing their funds, in the fulfillment of our mandates and in line with the directive of President Marcos of providing Filipinos with more stable and more prosperous lives,” Secretary Jose Rizalino Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said. This is truly a significant milestone in Pag-IBIG Fund’s history. Earning the highest opinion from COA for the 11th consecutive year is yet another proof that Pag-IBIG Fund has been, and continues to be, managed properly. CoA rendered unqualified opinions on Pag-IBIG Fund’s financial statements from 2012 to 2017 and unmodified opinions for the years 2018 to 2022. The post Pag-IBIG earns CoA’s highest audit rating anew appeared first on Daily Tribune......»»
Pag-IBIG Fund earns COA’s highest audit rating for record 11th straight year
Pag-IBIG Fund has earned the Commission on Audit’s highest audit rating on the presentation of its financial statements for the 11th consecutive year, top officials announced on Monday, 3 July. State auditors, in a letter dated June 22, informed Pag-IBIG Fund that it has rendered an unmodified opinion on the fairness of the presentation of its financial statements for the years 2021 and 2022. In the same letter, COA upgraded its prior issued modified opinion on the agency’s books for the year 2021, after Pag-IBIG Fund enhanced its data migration system following the state auditors’ recommendations. These developments have enabled the agency to maintain its streak of garnering COA’s highest audit rating for the 11th straight year. “This is truly a significant milestone in Pag-IBIG Fund’s history. Earning the highest opinion from COA for the 11th consecutive year is yet another proof that Pag-IBIG Fund has been, and continues to be, managed properly. This is a testament to how Pag-IBIG Fund upholds excellence and integrity in managing their funds, in the fulfillment of our mandates and in line with the directive of President Marcos of providing Filipinos with more stable and more prosperous lives,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees. COA rendered unqualified opinions on Pag-IBIG Fund’s financial statements from 2012 to 2017 and unmodified opinions for the years 2018 to 2022. Auditors use both unqualified and unmodified opinions, which are the highest opinions that COA can give to a government agency or corporation, to mean that the financial statements of a company or agency are presented, in all material respects, in accordance with applicable financial reporting frameworks. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized the value of the state auditor’s findings citing that these fittingly complete the agency’s best performing year of 2022. “The year 2022 stands out as our best performing year yet, as we posted our highest ever annual net income of P44.50 billion. We also posted record-highs in home loan takeout worth P117.85 billion which benefitted 105,212 members who now have new or better homes, membership savings collections amounting to P79.90 billion and loan payment collections worth P127.42 billion. We also extended P53.76 billion in short-term loans to aid a record-high 2,612,491 members with their financial needs. In the same year, we also launched service innovations such as the Virtual Pag-IBIG Mobile App and the Lingkod Pag-IBIG On Wheels, which now provide our members better access to our services and benefits.” Acosta said. “With our 2022 performance capped by this unmodified opinion from COA, this shows that we have achieved our best performance ever while maintaining the highest standards of financial integrity. This is what our members and stakeholders can expect from us, that we shall remain transparent in our operations and serve them with excellence and integrity,” Acosta added. The post Pag-IBIG Fund earns COA’s highest audit rating for record 11th straight year appeared first on Daily Tribune......»»
Japanese fans snap up first Murakami novel in six years
Dozens of excited Haruki Murakami fans queued outside a bookstore in Tokyo on Thursday for the midnight release of the world-renowned author's first novel in six years. Copies of "The City and Its Uncertain Walls", so far only available in Japanese, were piled up on tables at the entrance to Kinokuniya store in central Shinjuku district. Shunsuke Mitsumoto was among the first to get his hands on the latest title by Murakami, who has a cult following for his surreal works peppered with references to pop culture. "I want to read it as soon as I get home. As much as I want to savour each sentence, I will probably read the whole thing in one go," the 39-year-old told AFP. "I'm excited to think that this book will take us to a new world again," added Mitsumoto, a member of a Murakami reading group. Murakami's previous novel, "Killing Commendatore", was published in February 2017. The bestselling author is known for his intricate tales of the absurdity and loneliness of modern life, which have been translated into about 50 languages. In a message released by publisher Shinchosha ahead of the new book's release, Murakami said he had produced the novel in self-isolation during the coronavirus pandemic. The 74-year-old described his work process in typically enigmatic style, saying it had been "just like a 'dream reader' reads an 'old dream' at a library". Perennially tipped for a Nobel prize, Murakami -- whose most famous novels include "Norwegian Wood" and "Kafka on the Shore" -- is a reclusive figure. At the early-hours event on Thursday, 28-year-old fan Chikako Muramatsu said the author was "loved by a wide range of people". "Many fans seem to be in my parents' generation, but there are some big Haruki fans in my generation too," she said. Yuji Katayama, 54, said he was a long-time fan. "I feel like I am growing older with the characters in his books. I feel empathy for them," he said. "I consider his novels as my textbooks. By reading his books, I am exposed to new things, like his knowledge of foreign novels." The post Japanese fans snap up first Murakami novel in six years appeared first on Daily Tribune......»»
Binance ban a boon to local crypto firms
Local crypto traders are now experiencing as much as four times higher transaction volumes as investors shift their tokens from Binance......»»
Baltimore bridge collapse could lead to delayed shipments, higher shipping costs
The closure of the Port of Baltimore in the US following the collapse of the Baltimore key bridge is expected to lead to shipment delays and higher shipping costs......»»
Cebu Pacific books P8 billion profit in 2023
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel......»»
DOH: Pertussis cases 20 times higher since January
The number of pertussis cases nationwide has increased 20-fold this year from 2023, according to the Department of Hea.....»»
JG Summit FY23 profit: P19.6-B (up 216%)
JG Summit, the Gokongwei Family’s diversified conglomerate, teased its FY23 financial results headlined by a 216% increase in the company’s net income to P19.6 billion......»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
Ched-Davao: Quake drill not just ‘procedural activity’ but necessity
AN OFFICIAL from the Commission on Higher Education-Davao Region (Ched-Davao) said that there is a need to prepare students for disasters and other calamities......»»
Early Holy Week
If soul searching, repentance and making your relationship right with your Creator are things you do on Holy Week, all came early for me this year. And now, it feels like I have been given a second chance at life......»»
50,000 cops nationwide, including 2,100 from Central Visayas, promoted to higher positions
50,000 cops nationwide, including 2,100 from Central Visayas, promoted to higher positions.....»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»