via GMA News, 13 April 2023: An audit of the Nayong Pilipino Foundation, which promotes and develops projects in the social sciences and the humanities, reports that the government organization will deplete its funding in five or six years.
Senator Nancy Binay on Thursday urged the Department of Tourism to review the projects of Nayong Pilipino Foundation (NPF) after the Commission on Audit (COA) reported that its funding will be fully depleted in five or six years.
Binay, Senate tourism committee chairperson, said the DOT should review the P1.5 billion tourism cultural theme park which was already approved by the National Economic Development Authority (NEDA).
She said this is the very first Public-Private Partnership model for a cultural theme park which was in line with NPF’s mandate to showcase Filipino culture and explore alternate sources of income.
Source: DOT urged to review Nayong Pilipino projects amid looming fund depletion | GMA News Online
