Bongbong Marcos signs Maharlika Investment Fund into law

Jean Mangaluz - Reporter / @JMangaluzINQ 07/18/2023

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Tuesday signed the controversial Maharlika Investment Fund (MIF) bill into law. The President signed the bill at the Kalayaan Hall of the Malacañan Palace, with members from both…

Bongbong Marcos certifies as urgent Maharlika fund bill in Senate

Beatrice Pinlac 05/24/2023

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has certified as urgent the Senate bill seeking to establish the controversial Maharlika Investment Fund.  In a letter to Senate President Juan Miguel Zubiri dated May 22, Marcos tagged as…

Earth Hour participants in Metro Cebu in a decline 

Morexette Marie B. Erram 03/26/2023

CEBU CITY, Philippines — For four straight years, Metro Cebu saw a decrease in the number of participants joining the Earth Hour. Based on data from Visayan Electric Company (Veco), they only recorded a load drop of…

P10 billion of CHEd scholarship fund used for other purposes – solon

Gabriel Pabico Lalu 03/21/2023

  MANILA, Philippines — A total of P10 billion worth of funds allocated for the Commission on Higher Education (CHEd) for use in scholarships for tertiary students, were used for other purposes, Northern Samar 1st District Rep.…

Bail fund drive for Cebu8 temporarily suspended

Alven Marie A. Timtim 06/07/2020

CEBU CITY, Philippines — The donation drive to support the bail of the seven protesters and one bystander who were arrested at the University of the Philippines on Friday, June 5, 2020, were temporarily suspended due to…

Dino: There are enough funds for Malasakit Centers but …

By Irene R. Sino Cruz 07/30/2019

CEBU CITY, Philippines — Malasakit Centers will not be affected by the closure of Philippine Charity Sweepstakes Office (PCSO) gaming activities if the corruption investigation won’t take too long. This is according to Secretary Michael Lloyd Dino,…

COA tells Cebu province to return P40.7-M unspent PDAF

Rosalie O. Abatayo 07/15/2019

CEBU CITY, Philippines —  State auditors have directed the provincial government to seek authority from the Department of Budget and Management (DBM) to utilize the P40.7 million unexpended Priority Development Assistance Funds (PDAF) for future projects otherwise,…

Exec: Non-release of mobilization fund won’t affect resource center project

CNU Intern Leeian Galariana, Rosalie O. Abatayo 06/17/2019

CEBU CITY, Philippines — The civil works of the 20-story resource center at the Capitol shall continue despite the Provincial Treasurers Office’s refusal to release the P194-million mobilization fund for the project. Provincial Engineer Hector Jamora, in…

Ermita officials to seek DILG advice on release of calamity fund

Rosalie Abatayo 02/06/2019

CEBU CITY, Philippines — With only two officials left in Barangay Ermita, acting Barangay Captain Efe Rupinta raised concerns on how to release the quick response funds for the over 2,000 individuals who were affected in Tuesday’s…

SK chiefs of Cebu City’s 80 barangays urged to tap P1M fund for their projects

Delta Dyrecka C. Letigio 02/02/2019

CEBU CITY, Philippines — Sangguniang Kabataan chairpersons in the 80 barangays of Cebu City are encouraged to tap the P1 million fund of the Cebu City government for SK projects of each barangay. Jessica Resch, SK Federation…

National Securities Commission formulates strategies to stop the use of drug money to fund campaigns

Delta Derycka Letigio 10/31/2018

Vicente Andamag, deputy director of the National Securities Commission said they are formulating strategies to stop the use of drug money to fund campaigns in the upcoming 2019 elections. Andamag said illegal drugs and corruption are the…

Australia sets up drought-proof fund

AFP 10/26/2018

Australia is setting up a billion-dollar fund to “future proof” the country against droughts, Prime Minister Scott Morrison said Friday, as farmers struggle with a “big dry” forecast to continue for months. Eastern Australia has been hit…

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.