acnaiB
12.8K posts

acnaiB
@_bim2_
I now label myself a survivor and no longer a victim. Never again. Protect yourself. Fight scams. We deserve better. 👊🏻 🇵🇭 Davao City 🇦🇪 Dubai

FIRST CREDIT DOWNGRADE IN DECADES 📉 The Philippines’ hard-won sovereign credit rating is under fresh threat after Fitch Ratings lowered its outlook on the country to “negative” from “stable,” pointing to mounting fiscal strains tied to a recent graft scandal and the ongoing global energy shock. READ MORE: inqnews.net/FirstCreditDow…






COA ORDERS RETURN OF ₱375M OVP CONFIDENTIAL FUNDS The Commission on Audit has disallowed ₱375 million in confidential funds of the Office of Vice President Sara Duterte, citing serious breaches of spending rules. The funds, released in three ₱125M cash advances in 2023, are now ordered returned by VP Duterte and accountable officials. COA flagged key issues in the spending: • Unauthorized handling of funds – cash advances were transferred to individuals not designated as accountable officers • Unproven “confidential operations” – at least ₱62 million in rewards lacked proof of successful intelligence activities • Questionable procurement – nearly ₱199 million in expenses were supported only by acknowledgment receipts, not valid invoices • Prohibited reimbursements – some expenses were made even before cash advances were granted. | via Marianne Enriquez/News5





















