COA flags FDCP’s P77.9-M dormant receivables from amusement taxes, loans

MANILA, Philippines – The Commission on Audit (COA) flagged the Film Development Council of the Philippines (FDCP) for unsettled amusement taxes from local government units (LGUs) and cinema operators, and for loan grants to film producers, both of which have been dormant for up to 20 years. State auditors noted that the FDCP has receivable accounts totaling P58.5