COA flags MMDA for failing to insure P9.22-B assets

MANILA, Philippines — The Commission on Audit (COA) has found that over P9.22 billion worth of properties under the Metropolitan Manila Development Authority (MMDA) remain uninsured, which is a violation of the law and exposes the government to financial risks. In its 2025 audit report, the COA said it reviewed the compliance of the MMDA