THE Department of Economy, Planning, and Development (DEPDev) said four measures approved by the Legislative‑Executive Development Advisory Council (LEDAC) are focused on bringing about deeper accountability and mod-ernizing government. In a statement on Wednesday, the DEPDev said the four additional measures to the Common Legislative Agenda (CLA) for the 20th Congress align with the Philippine […]THE Department of Economy, Planning, and Development (DEPDev) said four measures approved by the Legislative‑Executive Development Advisory Council (LEDAC) are focused on bringing about deeper accountability and mod-ernizing government. In a statement on Wednesday, the DEPDev said the four additional measures to the Common Legislative Agenda (CLA) for the 20th Congress align with the Philippine […]

New LEDAC priorities highlight accountability, digitalization

2025/12/10 23:50

THE Department of Economy, Planning, and Development (DEPDev) said four measures approved by the Legislative‑Executive Development Advisory Council (LEDAC) are focused on bringing about deeper accountability and mod-ernizing government.

In a statement on Wednesday, the DEPDev said the four additional measures to the Common Legislative Agenda (CLA) for the 20th Congress align with the Philippine Development Plan 2023-2028, “which seeks to deepen ac-countability, enhance trust in public institutions, and modernize government systems through digital technologies.”

Economy Secretary and LEDAC Secretariat Head Arsenio M. Balisacan said strengthening transparency and accountability is crucial to sustaining public trust.

“These priority bills will lay the foundation for long-term governance reforms that ensure public funds are protected, programs are delivered effectively, and systems remain open to citizens,” he said.

These priority bills are the proposed Anti-Dynasty Law, Independent People’s Commission Act, Party-list System Reform Act, and Citizens Access and Disclosure of Expenditures for National Accountability Act.

The CLA now has 48 priority measures, counting the four new bills.

The corruption scandal involving flood control projects has unleashed protests, slowed economic activity, and shaken investor confidence in the Philippines.

An independent commission is now investigating the allegations that government officials, legislators, and contractors received billions of pesos in kickbacks from such projects. — Aubrey Rose A. Inosante

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U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14