The Government Service Insurance System (GSIS) has issued a statement defending the integrity of its governance and the performance of its leadership, reaffirming its core fiduciary duty to deliver value and security to its 1.7 million members.
Public Works Secretary Vince Dizon confirmed Friday the irrevocable resignation of undersecretary Arrey Perez following allegations linking him to contractors involved in flood control projects.
The Court of Appeals (CA) has ordered the freezing of bank accounts and insurance policies held by individuals and corporations allegedly involved in anomalous flood control projects.
The Philippines is expected to continue running a significant current account deficit this year, indicating persistent reliance on foreign capital to fund domestic spending, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
Finance Secretary Ralph G. Recto assured the public that the government's response to the recent flood control controversy marks the beginning of a major cleanup aimed at strengthening institutions, improving governance, and accelerating economic growth.