P320&M Baliwag assets flagged

THE Commission on Audit (CoA) has flagged the city government of Baliwag in Bulacan province for failing to insure P320 million of its assets with the Government Service Insurance System (GSIS), risking massive infrastructure loss due to calamities without indemnity. State auditors said only P84 million, or 20.8%, of Baliwag city’s assets were insured. This […]

P320&M Baliwag assets flagged
THE Commission on Audit (CoA) has flagged the city government of Baliwag in Bulacan province for failing to insure P320 million of its assets with the Government Service Insurance System (GSIS), risking massive infrastructure loss due to calamities without indemnity. State auditors said only P84 million, or 20.8%, of Baliwag city’s assets were insured. This […]