Senior Wharton fellow in Cebu to raise funds to fight hunger

Cris Evert Lato-Ruffolo 09/24/2018

DR. Brian To, a senior Wharton fellow, will be in Cebu on September 28 for the third part of Strategic Leadership and Management Program (SLAMP 3), which envisions to coach participants on the behavioral approach to strategy…

COA: Bantayan underutilized close to P50M in dev’t funds

Jessa Mae O. Sotto 08/27/2018

  THE change in leadership in the municipality of Bantayan last year is the main reason why millions of development funds were underutilized, the town’s budget officer said. Government auditors earlier observed that at least P49.6 million…

Change in leadership caused underutilization of funds in Bantayan

Jessa Mae O. Sotto 08/27/2018

The budget officer of Bantayan town explained that the underutilized fund of at least P49 million was caused by the change in leadership in the town last year. Doris Espina, who sits as BAC chairman, said the…

Security Bank unveils two feeder funds

Inquirer.net 08/19/2018

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…

COA flags CHEd’s poor spending of funds for free college tuition

Inquirer.net 08/16/2018

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).…

Garbage hauling funds eyed in budget

Morexette Marie B. Erram and USJ-R Intern Zena Magto. 08/08/2018

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…

COA questions P3.6 M Capitol spending from development funds

Jessa Mae O. Sotto 07/22/2018

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…

No liquidation of NGO funds

Morexette Marie B. Erram 07/18/2018

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…

Return P41M in PDAF funds

Jessa Mae O. Sotto 07/12/2018

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,…

‘More funds for school buildings, not drug tests’

Futch Anthony Inso 07/07/2018

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 Mactan’s Project Happy Feet to raise funds for charity

PR 07/05/2018

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…

COA sees fewer deficiencies in audit of Cebu City funds

Morexette Marie B. Erram 07/04/2018

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…

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