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DESPITE calls for the abolition of the executive department’s “pork barrel”, President Benigno Aquino 3rd on Wednesday defended the lump sum funds under his discretion, including the Malampaya, calamity and the president’s social funds (PSF). Aquino said lump sum funds are needed to create an elbow room for emergency and…

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AFTER a year in “dignified silence,” Supreme Court (SC) Chief Justice Ma. Lourdes Sereno finally faced the media in a per invitation only press conference where all media outfits were invited except The Manila Times. It will be recalled that the Times first broke the story on Sereno’s “failed” psychiatric…

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SULPICIO Lines, now known as Philippine Span Asia Carrier Corporation, may lose its franchise if it fails to convince the Maritime Industry Authority (Marina) that it is not to blame for the recent sea tragedy that left dozens of people dead. Why it should not revoke its CPC? Marina has…

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The Department of Justice hopes to file criminal charges against lawmakers who released part of their Priority Development Assistance Fund (PDAF) to bogus Non-Government Organizations (NGOs) within two weeks. However, the National Bureau of Investigation (NBI) which is investigating the anomalous use of lawmakers “pork barrel” or PDAF said it…

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A party-list lawmaker on Tuesday questioned the P6 billion “pork barrel” of the Commission on Higher Education (CHED), which is included in the P34.6 billion budget for state universities and colleges (SUCs). During the Congress’ budget briefing on Tuesday. Rep. Terry Ridon of Kabataan party-list said CHED has a P5…

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THE massive investigation into the misuse of Priority Development Assistance Fund (PDAF) or “pork barrel” of lawmakers may be expanded and will not be limited to transactions done between 2007 and 2009 because the Commission on Audit (COA) has a room full of evidence that may yield more shocking revelations.…

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INTERNATIONAL boxing champion and Sarangani Rep. Emmanuel “Manny” Pacquiao is reportedly going bankrupt after he placed much of his winnings in “dead” investments and for being too “generous” to friends who usually accompany him in his nightly capers. An insider in the pound-for-pound king’s camp claimed that Manila-based bankers met…

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THE Senate finance committee has identified at least 10 large lump sum items in the proposed P2.26 trillion 2014 budget that need to be broken down and subjected to “line item” budgeting as part of fresh efforts to ensure transparency in government expenditures. Senate President Pro Tempore Ralph Recto, during…

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Entertainment editor Joey Sarmiento of tabloid Bagong Toro has filed charges of physical injuries and grave threats against Neil Arce, the producer of Robin Padilla’s upcoming Metro Manila Film Festival entry “10,000 hours”. Arce is also the boyfriend of Robin’s relative Bela Padilla. According to Sarmiento, the incident happened on…

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President Benigno Aquino 3rd has signed into law the bill amending the 38-year-old Insurance Code of the Philippines, a Malacañang official said on Tuesday. Palace deputy spokesman Abigail Valte said that Republic Act 10607, which raises capital requirements for insurers among other reforms, was signed by the President on August…