GSIS officials push for chief’s removal amid P8.8-B loss
GSIS trustees demand the resignation of President Jose Arnulfo Veloso, alleging P8.8 billion losses due to poor investment decisions, while the pension fund cites record growth.
GSIS trustees demand the resignation of President Jose Arnulfo Veloso, alleging P8.8 billion losses due to poor investment decisions, while the pension fund cites record growth.
The Anti-Money Laundering Council (AMLC) is actively working to recover P5 billion in assets connected to flood control project corruption in the Philippines. The assets include vehicles and bank accounts, emphasizing the importance of financial oversight and accountability.
The Supreme Court of the Philippines has ordered President Marcos and officials to respond to a writ of kalikasan regarding flood control projects, as part of legal proceedings focused on environmental concerns.
The Department of Budget and Management (DBM) has released P3 billion to enhance internet connectivity in schools and public areas, aiming to improve educational resources and public Wi-Fi access. The funds will support school internet connectivity and the Department of Information and Communications Technology’s public Wi-Fi program, facilitating greater access to digital resources and connectivity.
The Philippine government aims to recover ₱10 billion in insurance claims from projects handled by Pacifico “Curlee” and Cezarah “Sarah” Discaya. Disclosures during a Senate budget hearing revealed issues like ghost projects and substandard work. The Insurance Commission indicated that 30% of project values are insured. The Senate Committee on Finance is evaluating potential recoveries, emphasizing transparency and accountability in public projects.
The House of Representatives has approved a P6.79-trillion national budget for 2026 on its third and final reading. The budget includes significant unprogrammed appropriations, which the Senate intends to amend.
The Anti-Money Laundering Council in the Philippines has issued its sixth freeze order in an investigation into irregular flood control projects, targeting a former official and freezing 2,003 assets worth P4.67 billion. The action aims to preserve public funds and combat corruption.
Filipino-American leaders urge President Marcos to use U.S. humanitarian aid for 50,000 Amerasians affected by the 1992 closure of U.S. military bases in the Philippines, highlighting the need for educational, health, and social support.
A magnitude 7.5 earthquake hit off Davao Oriental, Philippines, on October 10, prompting a tsunami warning. The warning has since been lifted, with no significant waves expected.
Ombudsman Jesus Crispin Remulla plans to move flood control project cases to the Sandiganbayan for prosecution, ensuring no one is spared from accountability.