Published May 6, 2021, 9:11 PM
The Commission on Audit (COA) has questioned the Davao City government’s assets amounting to more than P9.48 billion or 40 percent of its total assets recorded as of Dec. 31, 2020 as well as its millions of coronavirus disease (COVID-19) disbursements last year.
COA (Manila Bulletin File Photo)
Based on the 2020 audit of the Davao City released on Wednesday, May 5, the Davao City’s Property, Plant, and Equipment (PPE) accounts amounting to more than P9.48 billion “cannot be ascertained as to its validity, correctness and existence.”
“Amidst the COVID-19 pandemic restrictions, there was no CY 2020 RPCPPE (Report on the Physical Count of Property, Plant and Equipment) neither prepared, nor a physical inventory-taking was conducted as required by established rules and regulations, thus the difficulty to apply alternative audit procedures in determining the fairness of presentation of such PPE accounts in the financial statements at year-end,
Sangil: Mindanao then and now sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Palay output seen to reach 20 million MT in 2021 By JON VIKTOR D. CABUENAS, GMA News
Published April 18, 2021 4:52pm The Philippines palay (unmilled rice) production is expected to reach 20 million metric tons this year to mark another all-time high, according to the Department of Agriculture (DA). Agriculture Secretary William Dar said the country is likely to achieve a record-high production of 20.4 million metric tons of palay this year, up from the 19.3 million recorded in 2019. Despite the pandemic, we are slowly but surely hurdling the challenges in the implementation of [the Rice Tariffication Law] with tangible results in terms of palay productivity, farmgate price, and retail prices of rice, said Dar.
April 14, 2021
Since the 1980s a consensus has grown that rent-seeking and restrictive trade and regulatory policies have hindered the Philippine rice sector. Filipino consumers were paying more for a kilogram of rice than any of their ASEAN neighbors, yet farmers in the Philippines remained the poorest sector in the country. There were various efforts by international donors, multilateral agencies, and local leaders to reform the sector, but none had stellar results.
That is, until 2019, when the unexpected happened. The Duterte administration successfully passed the Rice Tariffication Law (RTL), which removed the quantitative restrictions on rice imports and replaced them with a tariff. But the story didn’t end with the passage of the law. Immediately after the RTL was enacted, there was a sustained, concerted effort to reverse it. The resistance to the RTL, and the lobbying to revert to the old status quo, were so intense that at certain points it appeared that the law wou
NFA accounts 199K bags of rice in Capiz, Aklan sanantoniopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sanantoniopost.com Daily Mail and Mail on Sunday newspapers.