MANILA, Philippines — Public Works and Highways Secretary Vince Dizon said that the Department of Public Works and Highways (DPWH) and the Insurance Commission will ensure that the government will retrieve part of the public funds wasted from anomalous flood control projects through insurance bonds. Dizon made this statement as the DPWH and Insurance Commission signed a memorandum of agreement (MOA) to expedite the retrieval of insurance claims in every “ghost” and substandard project, which may take up 30% of the whole project cost. “Being jailed is not enough. The stolen money used to buy sports cars, gamble in casinos, […]... Keep on reading: Dizon says gov't to get share of anomalous projects' insurance bonds