Bill to give customs asset forfeiture authority heard
Joe Taitano II
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A bill that would give the Customs and Quarantine Agency the authority to seize the proceeds or instruments of criminal activity, including drugs, raw materials and equipment, aircraft and vessels, money, firearms, and land received a public hearing on Tuesday.
Sen. Mary Camacho Torres, sponsor of Bill 87, said it was meant to provide additional resources for the exclusive use of the agency to fund personnel, facilities, equipment and more, in order to more effectively perform their job.
According to Torres, a study by the University of Guam Regional Center for Public Policy published in February 2019 recommended that legislation create a fund for Customs that mirrored those in existence for GPD.
Tariq Siddiqui
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Near the end of an endorsement interview with Democratic New York City mayoral candidate Shaun Donovan, New York Times editorial board member Mara Gay asked if he knew the median sales price of a home in Brooklyn. He guessed $100,000, which is off by a factor of nine. Donovan, in an email to the newspaper the next day, said he misunderstood the question as referring to assessed value for property taxes, which is a much lower figure.
Getting that answer so outrageously wrong would be embarrassing for any mayoral candidate, but it’s especially embarrassing for Donovan, the former U.S. secretary of Housing and Urban Development and one-time housing commissioner in New York City.
P150M for renovation of 3 city markets visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
Published May 7, 2021, 9:59 PM
Defrauded of over P566 million that led to its abolition in 2013, the Philippine Forest Corporation has become so broke that it could not even pay the Bureau of Internal Revenue of its tax liability which is a requisite in closing its book of accounts.
In a Management Letter on the Philforest audit conducted last year, the Commission on Audit said Philforest still cannot close its books of accounts as required under COA Circular No. 92-0375 “despite the lapse of seven years from” the approval of its abolition in 2013.
In the letter sent recently to Natural Resources Secretary Roy A. Cimatu, Supervising Auditor Ma. Linda C. Decena cited the agency’s failure to pay P3.395 million in tax liabilities to the Bureau of Internal Revenue as among the causes of delay in the implementation of the winding of operations of state-run firm.