P1.6&B Sorsogon assets flagged

THE Commission on Audit (CoA) has flagged the provincial government of Sorsogon over its failure to insure P1.62 billion worth of properties, risking massive loss of government assets due to man-made or natural calamities. State auditors said only P671.2 million, 29.2% of P2.3 billion assets of Sorsogon provincial government were insured. This leaves P1.62 billion […]

P1.6&B Sorsogon assets flagged
THE Commission on Audit (CoA) has flagged the provincial government of Sorsogon over its failure to insure P1.62 billion worth of properties, risking massive loss of government assets due to man-made or natural calamities. State auditors said only P671.2 million, 29.2% of P2.3 billion assets of Sorsogon provincial government were insured. This leaves P1.62 billion […]