COA auditor flags questionable confidential fund receipts
Commission on Audit auditor Xylene Mae del Campo testified on the 14th day of Vice President Sara Duterte’s impeachment trial that samples of thousands of acknowledgment receipts for varying amounts from the Office of the Vice President and Department of Education’s confidential funds carried similar dates but were signed by different recipients and in different locations across the country. Del Campo also said DepEd disbursements were not made by an authorized officer. She said COA issued an audit observations memorandum and a notice of disallowance covering the questioned transactions, although the findings remain under appeal. Her testimony put fresh scrutiny on the paper trail behind the confidential funds.
ASEAN data breach costs hit record $4.12M
Organizations across ASEAN faced an average USD4.12 million cost per data breach in 2026, the highest level recorded, as cyberattacks become more sophisticated and...
ICTSI’s Rio terminal expands domestic shipping links with new Norcoast service
RIO DE JANEIRO — Rio Brasil Terminal (RBT), the Brazilian port unit of International Container Terminal Services Inc. (ICTSI), has increased its domestic shipping connections with the start of regular calls by Norcoast at the Port of Rio de Janeiro.
DHSUD orders housing loan moratorium in calamity-hit areas
The Department of Human Settlements and Urban Development (DHSUD) has ordered a moratorium on housing loan payments for qualified beneficiaries affected by the enhanced southwest monsoon, Tropical Storm Luis, and Typhoon Maymay.
Wilcon Depot net income rises 3% in first half, business stabilizes
Wilcon Depot Inc. reported on Tuesday that its net income for the first half of the year increased by 3 percent to P1.2 billion, up from P1.16 billion a year earlier, reflecting signs of stabilized operations.
