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President Marcos: Look for new fund source for Mindanao railway

President Marcos yesterday ordered the transportation and finance departments to look for funds for the Tagum-Davao-Digos railway, a project that has been stalled after the government decided to no longer tap Chinese loans for its financing......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

DavNor vice guv denies involvement in ayuda scam

The Vice Governor of Davao del Norte has denied any involvement in the alleged ayuda scam following claims made during a Senate hearing chaired by Senator Ronald Bato Dela Rosa. The hearing revealed that public officials in Davao de Oro and Davao del Norte were linked to illegally using cash assistance from the Department of Social Welfare and Development (DSWD) and funds from the Department of Labor and Employment (DOLE) for political campaigns. Vice Governor De Carlo Oyo Uy refuted the allegations, stating that there is no truth to the claims. In response, Governor Edwin Kuya Gov Jubahib emphasized that he was protecting the welfare of his constituents and the country's budget. He called for the punishment of those involved. The governor had previously requested an investigation into the ayuda scam after individuals in the provinces received less than the intended assistance. The vice governor announced plans for a separate investigation to clear his name and clarified that the DSWD is solely responsible for the identification, assessment, validation, and distribution of cash assistance to beneficiaries......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

2 Best Ways to Save Up for Something

Sometimes, you find yourself unable to afford something you desire. While resorting to debt might seem convenient, it’s far from ideal. Saving money is a superior alternative, albeit challenging. Often, the struggle lies in maintaining savings, as funds intended for one purpose end up diverted elsewhere. We’re all familiar with the difficulty of saving money. […].....»»

Category: newsSource:  metrocebuRelated NewsMar 26th, 2024

NTF-Elcac seeks more funds for former ‘rebel-infested’ brgys

THE National Task Force to End Local Communist Armed Conflict (NTF-Elcac) is seeking more funding support for barangays that were formerly infiltrated or influenced by communist rebels......»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Solon wants to pause PhilHealth contributions for minimum wage earners

A lawmaker is seeking a temporary suspension of the PhilHealth premium contributions for minimum wage earners to utilize the unspent funds of the state insurer to subsidize the premiums of low-income individuals......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

Rural Missionaries of Philippines: Can we get back to our ministries?

For more than two years, the Rural Missionaries of the Philippines is unable to access their funds in the bank and use them for their mission activities......»»

Category: newsSource:  samarnewsRelated NewsFeb 18th, 2024

3 TLRC execs get 26 years for ‘pork’ scam

The Sandiganbayan yesterday sentenced three ranking officials of the abolished state firm Technology and Livelihood Resource Center to serve up to 26 years in prison for graft and malversation of public funds in connection with their involvement in the “pork barrel” fund scam......»»

Category: newsSource:  philstarRelated NewsFeb 6th, 2024

BSP onboards 1st nonbank electronic money issuer

The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Project Wheelchair celebrates good food for a good cause

For the past 10 years, a special project called Project Wheelchair has been raising funds through an annual charity dinner to buy wheelchairs that would be donated to marginalized communities around the country who need them......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Dismissal of graft charges vs Blaan chieftain lauded

Blaan and T’boli tribe members in South Cotabato province were elated after the Ombudsman dismissed the corruption charges against a renowned tribal leader. He was earlier accused of mishandling of government funds, for them a landmark dispensation of justice benefiting their communities......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Sandigan affirms Benguet ex-cashier’s 89-year sentence

The Sandiganbayan has affirmed the conviction of a former cashier of the Benguet provincial government for multiple counts of malversation of public funds over a cash shortage amounting to P4.08 million......»»

Category: newsSource:  philstarRelated NewsApr 4th, 2024

DOH: P76.1B COVID-19 allowance for health workers released

These funds cover 8,549,207 claims from July 1, 2021 to July 20, 2023. .....»»

Category: newsSource:  philstarRelated NewsMar 20th, 2024

Sara Duterte decries organized demolition job against her

Vice President Sara Duterte believes she has been targeted by an “organized demolition job” based on the escalation of personal attacks against her online as well as the public’s reaction to her push for confidential funds last year......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Navel-gazing

Of course the government doesn’t have funds for wage subsidies, as suggested by pa-pogi lawmakers......»»

Category: newsSource:  philstarRelated NewsMar 4th, 2024

Radyo5, Rappler spotlight public funds used in Bagong Pilipinas rally

CHEERS TO Radyo5 and Rappler for calling the people's attention to the exorbitant cost of holding President Ferdinand Marcos Jr.'s rally on Sunday, Jan. 28, 2024.Dubbed Bagong Pilipinas (New Philippines,) the rally was described by the state-run Philippine Information.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 4th, 2024

Radyo5, Rappler spotlight public funds used in Bagong Pilipinas rally

CHEERS TO Radyo5 and Rappler for calling the people's attention to the exorbitant cost of holding President Ferdinand Marcos Jr.'s rally on Sunday, Jan. 28, 2024.Dubbed Bagong Pilipinas (New Philippines,) the rally was described by the state-run Philippine Information.....»»

Category: lifestyleSource:  abscbnRelated NewsFeb 3rd, 2024

EDITORIAL — 115th in transparency

With the recent controversy involving secret funds for both national and local government agencies, people may question the improvement, slight as it is at just one notch, in the Philippines’ ranking in the 2023 Corruption Perceptions Index......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2024

GCash Disappears on Google Play Store, Company Says for Updates

Late last night, users were surprised to find that the GCash app had vanished from the Google Play Store, prompting concerns and speculation, with the company ensuring users that their funds and accounts remain secure. As of 2 AM, the GCash app was nowhere to be found on the Play Store, leading to the circulation […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 1st, 2024

FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund

Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»

Category: newsSource:  mindanewsRelated NewsJan 16th, 2024

ACT solon moves to probe efforts to jumpstart Cha-cha

MANILA, Philippines — A resolution seeking to investigate the reported signature-buying and the alleged use of public funds to push for constitutional reform or Charter change (Cha-cha) through the “so-called” people’s initiative (PI), has been filed in the House of Representatives. Alliance of Concerned Teachers Rep. France Castro said on Sunday that she electronically filed.....»»

Category: newsSource:  inquirerRelated NewsJan 14th, 2024