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COA scores DBM over Malampaya Fund release


The Commission on Audit (COA) has criticized the Department of Budget and Management (DBM) for haphazardly disbursing P23.6 billion from the Malampaya Fund during the Arroyo administration, which spent 60 percent of the money a few months before the end of its term.

Posted: September 24th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Ortega slay traced to Malampaya fund misuse

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FIST CLENCHED, HANDS CLASPED  Photos of slain environmentalist Dr. Gerry Ortega are printed on the shirts of his daughter and wife attending the Senate blue ribbon committee probe of the misuse of P3.9 billion in Palawan province’s share of royalties from the Malampaya gas project. Sen. Teofisto Guingona III, committee chairman, says  Ortega’s exposé on the fund misuse by former Palawan Gov. Joel Reyes led to his murder in 2011. JOSEPH VIDAL/PRIB

Dr. Gerry Ortega’s incessant radio commentaries against then Palawan Gov. Joel Reyes’ involvement in the alleged misuse of billions of pesos of the province’s share from the Malampaya gas project resulted in his death, fellow journalists told the Senate blue ribbon committee yesterday.

Posted: February 8th, 2013 in Editors' Picks,Featured Gallery,Headlines,Nation,Photos & Videos | Read More »