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…

Survivor starts fund raising drive

Jessa Mae O. Sotto 09/21/2018

  SHIELA Marie Panilag was not in their house in Barangay Tinaan in the City of Naga when the killer landslide devoured their community on Thursday morning. Although spared from imminent death, the 28-year-old could not rejoice.…

Poe: Release calamity fund to affected food-producing regions

Inquirer.net 09/15/2018

SENATOR Grace Poe has asked government to speed up the release of calamity funds for typhoon-hit Cagayan Valley, to ensure that the region can “replant, rebuild, and restore its farm output and facilities.” “One-fourth of the corn…

Mandaue City Government seeks to fund purchase of emergency equipment

Doris C. Bongcac 08/08/2018

The Mandaue City government plans to allocate P3.86 million from its share of Pagcor funds for the purchase of emergency equipment for the city fire department. But purchase will have to wait until such time that council…

Villar: Coco levy fund bill gets bicam OK

Inquirer.net 08/01/2018

THE congressional bicameral conference committee has approved a bill that would create the coconut levy trust fund, Senator Cynthia Villar said on Wednesday. “Na-adopt ang Senate version and then it will be managed by a reconstituted PCA,”…

COA to Capitol: ‘Account development fund’

Jessa Mae O. Sotto 07/22/2018

The Commission on Audit (COA) has asked the Cebu Provincial Government to explain their utilization of the development fund amounting to P3.6 million. A COA report stated that Capitol spent the allocated fund for the procurement of…

DPWH-7 to fund rehabilitation of rivers to address Metro Cebu flooding

Jessa Mae O. Sotto 07/13/2018

  The Department of Public Works and Highways in Central Visayas (DPWH-7) is fast-tracking river improvement works to help minimize flooding in Metro Cebu. Engr. Earl Escanuela of the project monitoring management office-flood control management cluster said…

Osmeña says city looking for another fund for Ormoc cash aid

Doris Mae C. Mondragon 12/01/2017

MAYOR Tomas Osmeña said the Cebu City government is now looking for another source of funds for Ormoc City, which was hit by a 6.5 magnitude earthquake last August. Osmeña said the city will still give a…

Real LIFE Foundation’s fund raising run starts

John Carlo A. Villaruel 11/17/2017

THROUGH his love of running, running pastor Ferdie Cabiling was able to help 30 students in Cebu alone earn their degrees with the financial aid of Real LIFE Foundation. Recently, the foundation produced its first summa-cumlaude in…

City eyes P3B LBP loan offer

Jose Santino S. Bunachita 10/31/2017

  Cebu City Mayor Tomas Osmeña is planning to avail of the P3-billion loan with the Land Bank of the Philippines (LBP) to fund various infrastructure, drainage and road concreting projects. If pursued, City Hall will have…

World Bank, AIIB to fund Manila flooding project

Inquirer 09/29/2017

  The World Bank has green-lighted its counterpart financing for the $500-million Metro Manila Flood Management Project a day after the China-led Asian Infrastructure Investment Bank (AIIB) approved its share. In a statement Friday, the Washington-based multilateral…

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