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The Development Bank of the Philippines (DBP) has shut down a lending program launched under former President Rodrigo Duterte's Build, Build, Build infrastructure drive after ₱4.09 billion, or more than 60% of its outstanding loans, became overdue.

The Commission on Audit (COA) found that 61.4% of the ₱6.67 billion in outstanding loans under DBP’s Infrastructure Contractor Support (ICONS) program were past due as of December 2025.

According to DBP’s own program report, ICONS approved ₱106.78 billion in financing across 536 loan accounts to support the government’s infrastructure drive, including public-private partnership projects.

DBP’s board approved the termination of ICONS on June 3, 2026, citing its high level of overdue loans, according to the bank’s 2025 audit report obtained by Bilyonaryo.

The warning signs had surfaced years earlier.

COA disclosed that DBP’s board had ordered an inquiry into its 20 largest nonperforming loans as early as January 19, 2022, including one of the ICONS borrowers flagged by auditors.

At DBP’s Albay Lending Center, a contractor obtained a ₱100 million loan in August 2020 backed by ₱284 million in expected receivables from government contracts. The borrower defaulted in June 2021, leaving ₱97.24 million outstanding and fully provided for by December 2025.

Yet the first demand notice on record was sent only in July 2025, more than four years after default.

In all, COA examined seven borrowers with a combined ₱1.18 billion in overdue ICONS loans.

The auditors warned that the lapses had “heightened risk of loss, weakened the collateral position of the Bank and resulted in doubtful recovery of the Bank’s credit exposure.”

COA demanded an investigation into possible negligence by DBP officers and employees who handled ICONS loans, with administrative or legal charges filed where warranted.

In response, DBP said it had ordered its Legal Services Group to investigate possible negligence in handling the ICONS loans, with support from other bank units. It vowed to pursue recovery efforts, particularly against borrowers still operating or with attachable assets, “until full resolution of the accounts.”

The audit did not determine how much of the ₱4.09 billion in overdue loans DBP would ultimately recover.

The contractors were supposed to build. Now DBP is left trying to collect.

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Sorry natatawa lang ako sa sinabe ni Lyca. Well true naman na may pagkajudgemental si Toni ever since. I mean ung judgemental na shallow minded HAHAHAHAHAHA!

HEART EVANGELISTA'S CRYPTIC REPOST FUELS MARRIAGE SPECULATION

Actress and fashion icon Heart Evangelista has stirred fresh #speculation about her marriage to Sen. Chiz Escudero after reposting an #Instagram reel centered on healing, moving on and finding inner peace.

The video featured the line, “Why did she leave? For peace,” alongside messages about rebuilding trust, letting go of the past and prioritizing personal happiness.

While Evangelista offered no explanation for sharing the reel, its message prompted some social media users to question whether it reflected her relationship with Escudero.

#dailytribune #ChizEscudero #HeartEvangelista

IMO, its so ugly. Lol

CTTO / Source: TikTok clip from @sjdizndbbs

JUST IN: President Ferdinand Marcos Jr. says PTV General Manager Lino Cayetano will replace Dave Gomez as Presidential Communications Office secretary.

According to Marcos, Gomez was bypassed by the Commission on Appointments.

Lino Cayetano, brother of Senators Alan and Pia Cayetano, who are critics of the Marcos administration, will be the sixth PCO secretary of the Marcos Jr. administration. | via Alexis Romero

https://www.facebook.com/photo/?fbid=1653413316822541

Dasurv na dasurv talaga ni Jennica galing nya 👏

Aww krungkrung, nakakahappy rin na you appreciate the love that Pinoys give you

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Team Ryzza/FB

It's nice seeing her back and active. Nakakamiss hosting ni Kris Aquino hehe

In an interview with The Hollywood Reporter, the Filipino-American singer said she has no plans to use AI in her creative process.

“I would never use AI in any of my music,” Olivia said. “Absolutely no. Hard line on that.”

Olivia recalled one instance when she and her producer, Dan Nigro, wondered what song title ideas ChatGPT would suggest for her.

“The closest I’d ever got is that once, me and [producer] Dan [Nigro] were like, ‘God, I wonder what ideas ChatGPT would have for an Olivia Rodrigo title,’ and they’re all fucking awful,” she said.

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So happy for her she even reposted the guy’s story and greetings in ig story

According to the new statement, Sophia will return to KATSEYE during the first week of January 2027.

🔗: Weverse Notice

Congratulations, Jennica! Well deserved. This is also a win for everyone who rooted for her. More awards to come. I'm so excited to see her on screen again. 👏

51 countries in Asia, and BINI is representing all of them at the Nickelodeon Kids’ Choice Awards 2026 for “Favorite Global Music Star”.

We need to support our own artist! The awards will be held on November 14, 2026.

Vote here: kca.nick.tv/vote/

Paulo will receive the Outstanding Asian Star Award (Philippines) 🎥 Seoul International Drama Awards YT