COA flags P9.22 billion worth of uninsured MMDA 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 constitutes a violation of the Property Insurance Law and exposes the government to financial risks. In its 2025 audit report, COA said it reviewed the compliance of the