Saturday 15 December 2018
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rappler - 3 month ago

Delayed projects cost government P230 million in penalty fees in 2017

MANILA, Philippines – Seven national agencies which obtained millions worth of loans for 2017 were not able to follow the schedule of projects, therefore costing the government P230.17 million worth of commitment fees. Commitment fees are charged by the creditor for loans that were not used. “Based ...

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