President Ferdinand R. Marcos Jr. has accepted the resignation of Public Works and Highways Secretary Manuel M. Bonoan, effective Monday, September 1, amid ongoing controversy over flood control projects.
The Department of Justice (DOJ) has formally indicted Abra Mining and Industrial Corp. (AR), along with its officers, stock transfer agent, and several stockholders, for engaging in fraudulent securities trading from 2015 to 2019 — a move regulators say reinforces accountability and investor protection in the capital markets.
The Department of Transportation (DOTr) has announced plans to develop two railway systems in the Visayas—the Samar-Leyte Railway and the Panay Railway—as part of efforts to enhance regional connectivity and economic growth.