Page 4 - Revised Implementing Rules News Today

The Securities and Exchange Commission (SEC) welcomed Atty. McJill Bryant T. Fernandez who has been appointed associate commissioner as Commissioner Ephyro Luis B. Amatong ended his eight years of service in the SEC. “We are excited to work with Commissioner Fernandez, whose extensive experience in

President Duterte has appointed lawyer McJill Bryant Fernandez as commissioner of the Securities and Exchange Commission.

Office of the Ombudsman A graft complaint has been filed against Bureau of Fisheries and Aquatic Resources (BFAR) Director Eduardo B. Gongona and four others before the Office of the Ombudsman (OMB) for alleged anomalous purchase of Vessel Monitoring System (VMS) transceivers worth P2.09 bill

The Civil Aviation Authority of the Philippines (CAAP) said it has completed over half of the airport projects covered by its memorandum of agreement (MOA) with the Department of Transportation (DOTr) for the period of 2015 to 2018. (Photo from CAAP Facebook page) The authority bared this

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Published May 2, 2021, 9:10 PM The Philippine Heart Center’s (PHC) claims filed in 2020 totaling P71.17 million have been denied by the Philippine Health Insurance Corporation (PhilHealth) due to government hospital’s purported failure to comply with the provisions of the Revised Implementing Rules and Regulations (IRR) of RA 7875 or the National Health Insurance Act, and relevant PhilHealth circulars. Commission on Audit This was bared by the state auditors in the 2020 audit of the PHC re...

Philippine Charity Sweepstakes Office (PCSO) (MANILA BULLETIN FILE PHOTO) In a joint congressional hearing on reported illegal STL operations in various parts of the country, Garma showed softening in her defense of STL operations, particularly that of the Sahara Games that has been the object of numerous complaints from political leaders in Isabela. Apparently vowing to pressure from lawmakers, Garma  said complaints against Sahara Games will be investigated, saying that PCSO’s recommendat...

Published February 19, 2021, 5:00 AM Three companies were officially blacklisted from participating in any government-funded projects in the Philippines for failure to deliver their contractual obligations with the National Irrigation Administration (NIA). A NIA statement identified the three project contractors, namely — the consortium of ITP Construction, Inc. and Guangxi Hydroelectric Construction Bureau Co., Ltd., MAC Builders, and Premium Megastructures, Inc. National Irrigation Administ...

Published February 18, 2021, 6:00 AM The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT). The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion common shares for listing on the Main Board of the Philippine Stock Exchange (PSE), subject to the company’s compliance with the remaining requirements. Of the tota...

The Office of the Ombudsman has dismissed the graft complaint against former Department of Transportation (DOTr) secretary Joseph Emilio Abaya and 16 others over the anomalous ₱4.2-billion MRT3 maintenance contract.