Tags: COA

As of five days ago, the NFA awarded to the private sector the rights to import 660,000 metric tons out of the 860,000 metric tons of rice to be imported for the year, this despite news reports of sacks of rice rotting in NFA warehouses. And rice traders who import the rice would even be exempted from paying taxes.

Annual audit reports of the Commission on Audit (COA) show that the Philippine Army chiefs rom 2003 to 2007 have accumulated P1.6 billion or US$34.396 million (based on exchange rate of US$1: P46.516) in unliquidated cash advances. Bayan Muna Represesentative Satur Ocampo said, “The COA rendered an adverse opinion on the fairness of presentations of…