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Bayanihan to Heal as One Act. Status: Expired. The Bayanihan to Recover as One Act, also known as Bayanihan 2, [1] and officially designated as Republic Act No. 11494, is a law in the Philippines that was enacted in September 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. [2][3]
The Coco Levy Fund Scam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies.It was alleged that Marcos, Danding Cojuangco, Juan Ponce Enrile, and others conspired to tax coconut farmers, promising them the development of the coconut industry and a share of the investments, but on the contrary used the collection fund for ...
maharlika.dof.gov.ph. The Maharlika Wealth Fund (MWF), also known as the Maharlika Investment Fund (MIF), is a sovereign wealth fund for the Philippines which is managed by the Maharlika Investment Corporation (MIC). [1] The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign ...
[7] [8] It was revised again in August 2020, bringing the total number of projects to 104, expanding its scope included health, information and communications technology, as well as water infrastructure projects to support the country's economic growth and recovery from the effects of the COVID-19 pandemic. As of September 11, 2020, 24 projects ...
In November 2019, the administration revised its list of Infrastructure Flagship Projects (IFPs) under the BBB program from 75 to 100, [358] [359] then to 104, and to 112 in 2020, [360] expanding its scope to health, information-and-communications technology, and water infrastructure projects to support the country's economic growth and ...
e. The Marcos family, a political family in the Philippines, owns various assets that Philippine courts have determined to have been acquired through illicit means during the presidency of Ferdinand Marcos from 1965–1986. [1][2] These assets are referred to using several terms, including "ill-gotten wealth" [3] and "unexplained wealth," [4 ...
Disbursement Acceleration Program. The Disbursement Acceleration Program in the Philippines is a "special" budget allocated to accelerate or hasten a government project without Congress or Senate's approval. This replaces the traditional pork barrel, the Priority Development Assistance Fund (PDAF), after the Pork barrel scam was uncovered in 2013.
The Build Better More (BBM) is the infrastructure program of the Marcos administration (2022–2028). It superseded the Build! Build! Build! infrastructure program of the Duterte administration (2016–2022). The following Infrastructure Flagship Projects (IFP)s were identified by the National Economic and Development Authority (NEDA).