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The Department of Education (DepEd) and the Land Bank of the Philippines (LBP) signed a Memorandum of Understanding (MOU) to repair classrooms in 12 schools located in disaster-affected areas. Education Secretary Sonny Angara and LBP President Lynette Ortiz led the signing ceremony of the MOU, which outlines LBP’s commitment to fund the repairs with P500,000 […]
Senator Chiz Escudero has called for more “earning guarantees” in the Maharlika Fund bill, which would allow the sovereign fund to surpass the 6% income threshold that two state-owned banks presently earn from their investments. Without “benchmark in yields,” Escudero warned that the billions the Land Bank of the Philippines (LBP) and the Development Bank […]
House Appropriations Committee Chairman Rep. Karlo “Ang Probinsyano” Nograles warned the National Food Authority (NFA) against continuing its fund diversion spree, noting it could influence other agencies to likewise violate the law. “Kung ginagawa ng NFA yan, (If NFA has been doing this) nothing will stop other agencies and departments from also diverting their funds […]