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Security Bank has unveiled two new funds that allow investors to diversify their portfolio by participating in US and other global equity funds. The bank rolled out two new types of feeder funds—SB US Equity Index Feeder…
THE Commission on Higher Education (CHEd) has used only P1.45 billion out of the P8-billion funding for free tuition in state universities and colleges as of the end of 2017, according to the Commission on Audit (COA).…
ADDITIONAL funds for Cebu City’s garbage hauling and collection constitute the bulk of the P66 million second supplemental budget request addressed to the City Council. Of that amount, about P47 million was requested by City Hall’s Department…
THE Commission on Audit (COA) has asked the Cebu provincial government to explain the use of the P3.6 million from the Development Fund (DF) for the procurement of goods for office use, instead of development projects. According…
Over P50 million worth of funds allocated by the Cebu City government to several non-government organizations (NGOs) remained unaccounted for as of December last year. In their 2017 audit report on Cebu City Hall, COA said the…
COA TO PROVINCE Government auditors have asked the Cebu provincial government to return to the national treasury P41.7 million in unutilized allocations from the Priority Development Assistance Fund (PDAF) released since 2006. According to its audit report,…
A militant teacher’s group called on the Department of Education (DepEd) to allocate more funds to build classrooms and school buildings rather than spend more money for mandatory drug testing in schools. “I don’t have problem with…
Crimson Resort and Spa Mactan’s The Project Happy Feet Slipper Race will be held July 14, 2018. This unique fundraiser is inspired by many school children living in rural places who walk more than 3 kilometers to…
Only seven audit observations, mostly due to recording lapses were reported by the Commission on Audit involving the use of government funds for the Cebu City government for 2017. In its annual audit report for 2017, the…
In an eleventh-hour reversal, Ombudsman Conchita Carpio Morales has ordered the indictment of former President Benigno Aquino III for usurping Congress’ budgetary powers when he approved the Disbursement Acceleration Program (DAP). Morales, in a June 14 resolution…
BRT Cebu City Mayor Tomas Osmeña slammed the move of Marikina Rep. Bayani Fernando in asking the House of Representatives to transfer the funds for the BRT project in Cebu City to the BRT project in Metro…
ELECTED Sangguniang Kabataan (SK) officials are encouraged to allocate a budget for the anti-drug efforts in the barangays. Carmen Remedios Durano-Meca, chief of the Cebu Provincial Anti-Drug Abuse Office (CPADAO), made this call as she expects the…
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