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House panel probes PUVMP agencies
Claiming that the government’s public utility vehicle modernization program is going nowhere, House of Representatives transportation committee chair Rep. Romeo Acop has launched an investigation into the financial statements of the government agencies implementing the PUVMP......»»
How does LTG derive income from PNB when PNB hasn’t declared dividends?
I’m not an accountant, this is a massive generalization, and there are a lot of edge cases, but the answer is that the financial statements of subsidiary companies are consolidated at the parent company level......»»
NMP nabs 'Outstanding e-NGAs User Entity Award'
NMP's remarkable use of the Electronic New Government Accounting System (e-NGAs) received recognition for its commitment to transparency and the timely submission of financial statements and other reports for FY 2022, as mandated by the Commission on Audit (COA)......»»
‘No to Marcos ouster, secede in legal way, FPRRD clarifies
AMID his recent statements, former President Rodrigo Duterte clarified that he is not advocating for the removal of his successor, President Ferdinand "Bongbong" Marcos Jr......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
DOJ recommends filing of grave oral defamation vs abducted activists Tamano, Castro
In a 15-page resolution dated Dec. 12, 2023, it is said that the two activists’ sworn statements are different from their pronouncements during a press conference they held with the authorities after they emerged from their alleged abduction......»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Write-off, tax-off
Most companies have an enormous balance of accounts receivable in their financial statements......»»
QC prosecutor’s office junks ‘grave threats’ rap vs Duterte
The Quezon City Prosecutor’s Office has dismissed the grave threats case filed by ACT Teachers Rep. France Castro against former President Rodrigo Duterte, saying there was insufficient evidence to prove his intent to harm her. Castro accused Duterte of threatening to kill her based on statements he made during two episodes of his show “Gikan sa Masa,.....»»
Davawenyos confused on both people’s initiative and Polong’s statements
In the “Duterte country” that is Davao City, some residents were lured to a signature campaign distributed in their communities in the past week seeking to amend the Constitution which they thought was part of Duterte’s campaign......»»
Folayang gives Zamboanga tips for upcoming ONE title fight vs Stamp
Filipino mixed martial arts legend Eduard Folayang stressed that Denice Zamboanga should work on her wrestling and grappling skills ahead of her fight against Stamp Fairtex......»»
Striegl eyes payback vs Alitao in Kombat Sports Kalayaan MMA festival
Filipino mixed martial arts star Mark Striegl will be gunning for revenge against Brazilian jiu-jitsu fighter Paige Alitao, who defeated teammate Troy Legaspi last year......»»
Prochazka takes on Rakic in UFC 300
Czech mixed martial arts fighter Jiri Prochazka knows his place......»»
Zamboanga goes full blast in training for ONE title clash vs Stamp
Ahead of the biggest fight of her career, Filipina mixed martial artist Denice Zamboanga has ramped up training, working with two important people in her life......»»
Tuivasa aims to shift to Bam Bam mode in UFC Fight Night
Australian mixed martial arts fighter Tai Tuivasa is an uncomplicated man. His brawling Hulk Smash tactics have made him fearsome in the UFC. In fact, “Bam Bam” is his nickname for obvious reasons......»»
Zamboanga gets crack at Stamp’s ONE women’s atomweight title
Filipina mixed martial artist Denice Zamboanga will finally get her shot at the ONE women’s atomweight world championship when she faces former training partner Stamp Fairtex at ONE 167......»»
Joshua looking to deliver ‘statement’ win over Ngannou
Anthony Joshua looks to reestablish himself as a top contender in the heavyweight division as he tangles with former mixed martial arts champion Francis Ngannou.....»»
Imamov defeats Dolidze in UFC Fight Night
French mixed martial arts fighter Nassourdine Imavov climbed a huge hurdle on his way up the UFC’s middleweight standings......»»
Bumina-ang submits Chinese foe in ONE Thailand card
Filipino mixed martial artist Carlo Bumina-ang had a dominant start to the year in ONE Championship, submitting Chinese opponent Xie Zhipeng in ONE Friday Fights 50 at the Lumpinee Boxing Stadium in Bangkok, Thailand......»»
Cristine Reyes confirms annulment from Ali Khatibi, open to marrying Marco Gumabao
Actress Cristine Reyes confirmed her marriage with mixed martial artist Ali Khatibi is already annulled, nearly five years since they separated......»»