Over P5 Billion in E-Jeep Loans Delinquent, Prompting New Modernization Strategies
Over P5 billion in loans extended by state-owned banks to jeepney operators and drivers under the Public Transport Modernization Program (PTMP) are now delinquent. This situation raises concerns about the program's sustainability and necessitates exploring new funding and business models.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- VP trial: Analyst maintains 'nonreporting' of P1.049B gap in GenCorp transactions
In a trial concerning alleged reporting gaps involving companies linked to the Vice President's husband, a forensic financial analyst maintained that over P1 billion in transactions were a case of 'nonreporting,' not 'supposed fraud,' as argued by the defense.
- Bangsamoro Group Urges Marcos to Meet MILF Chair for Peace Process Advancement
A Bangsamoro civic group, AMANA BARMM, has urged President Ferdinand Marcos Jr. to meet with Moro Islamic Liberation Front (MILF) chair Al Haj Murad Ebrahim before the Bangsamoro Parliament convenes on October 30, stating that such talks could help advance the peace process.
- VP Duterte's P817.87-M wealth review scrutinizes assets, income, firms
A forensic review into Vice President Sara Duterte and her husband's alleged P817.87 million in unexplained wealth is progressing, with income, assets, and three linked companies under scrutiny. A lawyer confirmed details during cross-examination.
- Sara Duterte Impeachment Trial Pauses for Prosecution's Evidence Offer
The impeachment trial of Philippine Vice President Sara Duterte will be temporarily suspended starting Wednesday, October 14, to allow the prosecution time to formally submit its evidence. The court confirmed the pause to facilitate the evidence presentation process.