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Govt to shorten trigger period for fuel subsidies
The government will shorten the trigger period for releasing fuel subsidies to the transport sector from three months to one month, and simplify the requirements for its release, the Department of Energy said on Tuesday. In a Malacañang Press Briefing, Energy Secretary Raphael Lotilla said this was one of President Ferdinand Marcos Jr.'s decisions during the latest sectoral meeting. Under the current law, fuel subsidies are released to the transport sector whenever the Dubai crude oil price exceeds $80 per barrel for three consecutive months. Lotilla said the shortening of the trigger period will allow the government to release the subsidies faster to the transport sector, which is one of the sectors most affected by the rising fuel prices. "With this simplification or shortening of the period, we will be able to release the subsidies in a shorter period of time," Lotilla said. "Since Congress is right now considering the General Appropriations Act, it will be included in that process. The amendment will take effect in 2024 immediately upon Congress's approval of the GAA," he added. The DOE chief also said the government will simplify the requirements for the release of the fuel subsidies. The release of the subsidies requires the approval of the DOE, the Department of Transportation, and the Department of Budget and Management. Lotilla said that under the new proposal, the release of the subsidies will only require the approval of the DBM, the DOTr, and the DOE. He said the DOTr will finalize the list of beneficiaries of the fuel subsidies for those with franchises, the Department of Interior and Local Government for tricycle drivers, and the Department of Trade and Industry for delivery service drivers. Even though there's an effort to expedite assistance distribution, Lotilla mentioned that the fuel subsidy allocation in the 2024 national budget was decreased from P3 billion this year to P2.5 billion. However, he believes that the reduced budget will still be adequate to meet the required funding. "That’s based on the experience on the previous year. We don't know what will be the final amount,” the official said. Other measures Lotilla also said that the government will implement a voluntary 20 percent ethanol blend for gasoline, which is targeted for approval by the end of 2023. He said the ethanol blend will help mitigate the rising fuel prices, as ethanol is cheaper than gasoline. Lotilla said the President also instructed to continue the transport sector's electrification, particularly mass transport and light cargo vehicles. He said the government will put in place charging stations and ensure that the benefits to the transport sector, particularly the drivers, will be there. Lotilla said the President also emphasized the need to prepare the economy for the eventual manufacture of electric vehicles in the country, and linking this up with the local mining sector that will produce the minerals needed to produce batteries and other components of electric vehicles......»»
Senators denounce China’s ‘abhorrent’ actions in WPS
Senators on Sunday condemned China for performing “dangerous blocking maneuvers” that resulted in a collision with the Unaiza May 2, an indigenous boat contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. In separate statements, Senate President Juan Miguel “Migz” Zubiri, Senators Risa Hontiveros, and Francis Tolentino expressed their anger over the collision that put the safety of the Filipino crew at risk. “I am one with peace-loving Filipinos in strongly condemning this latest abhorrent actions of the China Coast Guard and Chinese maritime militia that put in danger the lives of our brave countrymen who were on a routine resupply mission to our troops in Ayungin Shoal,” Zubiri said. “Let me salute our personnel from the Philippine Coast Guard (PCG) and the Armed Forces of the Philippines (AFP) for displaying courage and restraint in continuing their resupply missions despite the hostile and treacherous acts of China Coast Guard and their maritime militia,” he added. Zubiri called on CCG to “respect human lives and abide by the United Nations Convention on the Law of the Sea and other international laws governing safe maritime travel.” “Our freedom of navigation in our own exclusive economic zone within our own continental shelf should be recognized and upheld,” he stressed. The Senate chief also reiterated his support for his colleagues' efforts to beef up the PCG and AFP’s budget for the next fiscal year to “better capacitate them in safeguarding our exclusive economic zones from illegal foreign intrusions.” “As leader of the Senate, I will make sure that our troops will get sufficient funds under the 2024 national budget to bankroll the much-needed upgrade of their equipment,” he said. The National Task Force for the West Philippine Sea accused the CCG of performing "dangerous blocking maneuvers" that resulted in a collision with the Unaiza May 2, an indigenous boat contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. The NTF-WPS condemned the “provocative, irresponsible, and illegal action” of the China Coast Guard ship which “imperiled the safety” of the Unaiza May 2 crew. In the same resupply mission, a Chinese Maritime Militia vessel “bumped” the Philippine Coast Guard BRP Cabra’s port side which was escorting the Philippine vessels while it was lying approximately 6.4 nautical miles northeast of Ayungin Shoal. The NTF-WPS said it “condemns in the strongest degree the latest dangerous, irresponsible, and illegal actions of the CCG and the Chinese maritime militia done this morning.” ‘Enough’ Hontiveros echoed Zubiri’s call on China to “stop” its activities in the West Philippine Sea which she said clearly violates international law. “This latest collision is squarely the China Coast Guard’s fault,” she said in a separate statement. “The 2016 Arbitral Award has resolutely invalidated China’s claims in the West Philippine Sea, making this incident a clear violation of international law,” she added. Hontiveros said the PCG “has every right to be in the West Philippine Sea.” “China has no right to drive our forces into our own seas. Furthermore, they do not have the right to hurt and bump Philippine vessels that are only performing their jobs in our territories,” she stressed. “Chinese vessels have chased, blocked, and harassed our Philippine Coast Guard daily, 24/7 every single time we conduct our resupply mission to the BRP Sierra Madre,” she added. The opposition lawmaker also called on the international community to join the Philippines’ condemnation of China’s most recent violence against the Filipino people. “Our nations should not stop fighting for the rule of law. It is the only way to have a chance at true peace and stability across the region and the world,” she said. For his part, Tolentino said the recent confrontation between the Philippines and China clearly shows China’s continuous disregard for international law. He noted that the incident should be investigated by the International Convention for the Safety of Life at Sea and the Code for Investigation ng Marine Casualties and Incidents of the International Maritime Organization. Ayungin Shoal, also known as Second Thomas Shoal, is located 105 nautical miles west of Palawan and is part of the Philippines’ exclusive economic zone. China claims the vast South China Sea, including the West Philippine Sea. On 12 July 2016, the Philippines won its arbitral case against China in the Permanent Court of Arbitration – a landmark decision that China continues to reject. The post Senators denounce China’s ‘abhorrent’ actions in WPS appeared first on Daily Tribune......»»
Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire and Undersecretary Gloria Balboa presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that, of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the Secretary who still has to be confirmed,” Legarda said. “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the Secretary or say anything that would be against his policies,” she added. Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent similar cases in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said the agency has yet to restore its online system. “All transactions are offline, and we've resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro, defines “ransomware” as a type of malware that prevents or limits users from accessing a system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel appeared first on Daily Tribune......»»
DOH budget for 2024 hurdles Senate Finance panel without Herbosa
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire, and Undersecretary Gloria Balboa, presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed her confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the secretary who still has to be confirmed,” Legarda said. “I don't think that the DoH body institution system comprised of career people who -- it may be a headless agency this is insofar other secretaries concerned -- but all the systems are covered by the Usecs. and Asecs,” she added. She continued: “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the secretary or say anything that would be against his policies.” Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent encountering a similar case in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said that the agency has yet to return its online system. “All systems now are all transactions are offline and we resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. He continued: “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro defined “ransomware” as a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post DOH budget for 2024 hurdles Senate Finance panel without Herbosa appeared first on Daily Tribune......»»
Pork’s different strokes
Efforts have begun in the House of Representatives to raise the Motor Vehicle Road Users Charge or the Road Users Tax after President Ferdinand “Bongbong” Marcos Jr. identified the levy as a main source of precious funds. The eagerness of the members of the House to comply with the proposal to hike the tax makes people wary. Proceeds from the tax are the favorite source of legislative pork. Albay Rep. Joey Salceda’s bill indicates the MVUC which ranges from P120 to P4,000 will be raised to between P2,080 and P10,400 for cars, depending on their gross weight. Under the proposal, the MVUC will be increased by a fixed rate yearly until 2025, and by 5 percent from 2026 onwards. Salceda is looking at collecting P151 billion more in revenue from 2024 to 2027 through the higher MVUC. The higher collections should be earmarked for road improvements which is under the Department of Public Works and Highways after President Rodrigo Duterte signed a law abolishing the graft-tainted Road Board. The disposition of the MVUC sparked the feud between House members and the Department of Budget and Management during the initial years of the Duterte term after then Budget Secretary Ben Diokno refused to release the MUVC proceeds until the Road Board was dissolved. Moreover, the late former President Benigno “Noynoy” Aquino III exploited the RUT funds using them as leverage to get House members to impeach former Ombudsman Merceditas Gutierrez and to obtain the legislators’ approval for his political agenda, such as a measure seeking to postpone the Autonomous Region of Muslim Mindanao election to allow Noynoy to place his appointees in the Muslim region. The Road Board had an unusual collection setup that practically freed its state audit, making it a perfect “cash cow” as termed by some senators. Gutierrez was impeached overwhelmingly in the House after Noynoy first dangled the pork barrel, saying through his House allies that those who would vote against the impeachment would not receive their pork barrel while those who signed the measure would get a P20-million bonus taken from the Road Board.Later, Gutierrez, knowing that she was in a losing situation, resigned from her post despite her having a guaranteed term. She was replaced by Noynoy’s favorite associate justice, Conchita Carpio-Morales, who carried out the yellow brand of selective justice. Gutierrez had displeased Noynoy when she dismissed the case against former President Gloria Macapagal-Arroyo in connection with the P729-million fertilizer fund scam. Former Chief Justice Renato Corona Jr. was also ousted through impeachment and the leverage used, in turn, were the DAP funds. It was ironic that Noynoy’s allies vowed to abolish the Road Board, which under the law that created it, had full discretion on its use. Its disposition was beyond the scope of the Commission on Audit since the RUT was not part of the budget. Former Sen. Franklin Drilon, for instance, said the body would be abolished by the Senate despite the House allies of former President Arroyo’s withdrawal and eventual rescinding of the bill that sought to terminate the anomalous 2001 creation. Congressmen turned the RUT proceeds into a source of fast money through collusion with Road Board officials. Since the DPWH is now the custodian of the funds, attention must also be directed at the agency in the proper disposition of the MUVC proceeds. Increasing the audit-free funds plus the recently discovered P215 billion in insertions in the budget through the generic flood mitigation projects exposed maneuvers to pilfer public funds. The post Pork’s different strokes appeared first on Daily Tribune......»»
Respect the budget
A fair reminder should be issued to the caretakers of public finances and leaders in government that the Supreme Court had ruled that lump sum items such as the Priority Development Assistance Fund and the reallocation of funds in the budget such as in the Disbursement Acceleration Program scheme are unconstitutional. A 2013 decision of the high tribunal was very specific about the pork barrel as invalid, along with similar efforts in the legislature to accumulate discretionary funds. In 2014, the SC also thumbed down the Presidential pork barrel raised through the DAP. In the 2024 National Expenditure Program which is the Executive’s proposed budget submitted to Congress, P215 billion worth of flood mitigation projects were found to use methods that are suspiciously similar to the outlawed PDAF scheme. Based on SC’s landmark decision such budget items are also illegal. The SC ruling not only struck down the PDAF but also “various Congressional insertions” and other similar practices that allow legislators to “intervene, assume or participate” in any of the various post-enactment stages of the budget execution. The difference in the current maneuver is that the insertions are done in the NEP to skirt the “post-enactment stages” of the budget process as specified in the SC ruling. The spirit or substance of the decision was, however, all about removing the discretionary powers of Congress over, what the SC decision stated, as a Constitutional violation: “Such as but not limited to the areas of project identification, modification and revision of project identification, fund release and/or fund realignment, unrelated to the power of Congressional oversight.” The ruling basically disallowed the practice of insertions and realignment since it sought to re-establish check and balance between the legislature and the Palace as the pork barrel scheme is the Executive’s leverage to get members of the legislature to enact its priority laws. After the SC ruling, efforts to create new sources of legislative pork have been a yearly ritual in Congress that even resulted in friction between House leaders and the Department of Budget and Management during the early years of President Rodrigo Duterte. The DAP was created apparently to fill the vacuum created by the PDAF’s removal. Under the Palace scheme under the Aquino administration, savings were centralized under the DAP which was then used as a slush fund for legislators. DAP funds were used in the campaign to oust the late Chief Justice Renato Corona. The SC decision disallowed the following: * The withdrawal of unobligated allotments from the implementing agencies and the declaration of the withdrawn unobligated allotments and unreleased appropriations as savings before the end of the fiscal year and without complying with the statutory definition of savings contained in the General Appropriations Act; * Cross-border transfers of savings of the executive department to offices outside the executive department; and * Funding of projects, activities, and programs not covered by appropriations in the General Appropriations Act. The court also declared void the use of unprogrammed funds despite the absence of a certification by the National Treasurer that the revenue collections exceeded the revenue targets or non-compliance with the conditions provided in the relevant General Appropriations Act. Some P150 billion in public funds, from 2011 to 2013, were channeled to the DAP, which was done through the first two schemes that the SC declared as unconstitutional. The SC made a statement in junking the DAP and PDAF which was to outlaw the use of discretionary or lump sum funds in the budget that usually end up in the pockets of public officials. The P24 billion annual PDAF was a mere part of the huge Special Purpose Funds which in turn is just one of the many lump sums that make up as much as a third of the yearly budget. The ruling was consistent with the public clamor for the removal of all types of lump-sum items in the national budget. Undertaking budget maneuvers such as spending a ridiculous P215 billion for flood control has the obvious aim of providing legislators their pork allocation that contravenes the SC ruling on PDAF and public sentiment on the proper use of the budget. The post Respect the budget appeared first on Daily Tribune......»»
Irony of corruption
Corruption has become so pervasive and brazen. Masusuka ka na (you would puke),” moaned the mayor of Dumaguete City, Felipe Remollo, at the convening Thursday of a coalition of over a hundred chiefs of local government units calling for good governance and an end to corruption at all levels of government starting within their own turfs. The coalition was sparked by Baguio City Mayor Benjamin Magalong, a former Philippine National Police official who, in a virtual speech delivered during a PNP flag-raising ceremony last July, said he was “shocked” by the gargantuan increase in the country’s national debt to nearly P14 trillion. Said Magalong: “When President Duterte started his administration, our national debt was at P5.7 trillion, accumulated over the past decades. In just seven years, our national debt increased by 142 percent; we’re now at P13.86 trillion (actually P14.10 trillion, as reported by the Bureau of the Treasury in May 2023).” He quoted then-NEDA Secretary Karl Chua as saying that the country’s ability to pay the national debt is dependent on “‘our ability to manage financial leakages.’ And so I ask, ano ba yung financial leakages (what are financial leakages)? And Sec. Chua replied, ‘ang financial leakage na sinasabi ko (that I’m telling you), a big chunk of that is attributed to corruption.’” Beyond shock, he said he was also alarmed that none of the members of Congress then and now seemed to be concerned enough to “raise hell” about the country’s tremendously rising national debt. Interviewed over local television, he said he had spoken with contractors whom he asked, “Assuming I take cuts from infrastructure projects, how much will my take be? Their answer? From 10 percent to as much as 20, 25 percent — it’s up to the mayors and lawmakers to decide how much.” Bids and awards committee members, among others, also receive commissions, thus only about 45-50 percent is left for the contractor to do the project, he learned. If the project is worth, say P100, they’ll settle for from P42.50 to P55, including their profit, so they’ll have no choice but to make sub-standard projects. Having spent 38 years of exemplary service in the Philippine National Police, retired in 2016 as Deputy Chief of Operations with a total of 166 medals to his name, including the Distinguished Conduct Star, Distinguished Service Star, and PNP Gold Cross for combat and law enforcement achievements, he said: “We in the uniformed service are willing to give up a reasonable percentage of our pension to help the national government address this huge deficit, to address this big national debt; but we have yet to hear from our legislators that they too are willing to give up their pork barrel. Let’s wait and see what our brave legislators have to say.” In the interest of objectivity, it should be said here that Baguio, in two instances, was the subject of a Commission on Audit flag-down. One instance involved Magalong’s admission that rules were eased by City Hall in the purchase of food for city residents and disinfectant at the height of the Luzon lockdown during the Covid-19 pandemic in 2021. He said, however, that all the lockdown expenses were properly accounted for. CoA likewise flagged the city government on allegations that it had diversified funds to complete an infrastructure project. City Administrator Bonifacio Dela Peña maintained that the local government used the DPWH fund for its intended purpose, explaining that city hall only had a P341-million budget for a Convergence Center and it needed P50 million more to complete the project. “The word ‘misuse’ is not true. The fund was well-audited and it went to where it was allotted,” said Dela Peña. It is heartening to see that a cry in the wilderness sparks action among mayors. Theirs is a cause worthy of support by all sectors, including business and the citizenry, and we wish them all the luck in what is certain to be “an uphill climb” of sincerity and political will. The post Irony of corruption appeared first on Daily Tribune......»»
BBM, Tribune share good gov’t journey
When Daily Tribune was started in 2000, President Ferdinand “Bongbong” Marcos Jr. or BBM was Ilocos Norte Governor, and both newspaper and the namesake of his father, who was also a President, started on paths that frequently crossed. For instance, it was the Tribune, on 23 September 2013, that broke the story on the use of the Disbursement Acceleration Program or DAP during the Senate impeachment trial of then-Supreme Court Chief Justice Renato Corona. That revelation by BBM — who had thought the money used in the impeachment trial had come from the Priority Development Assistance Fund that the Supreme Court had ruled unconstitutional in 2013 — started the public scrutiny of the presidential pork barrel. Former Budget Secretary Florencio Abad then came out to admit the creation of the fund which he claimed was part of the fiscal stimulus program to counter the effects of a financial crisis that hit the Asian region in 2008. Aquino slush fund The DAP was later proven to be a Palace slush fund for legislators to do its whims and the acts creating it were declared unconstitutional by the Supreme Court in 2014. BBM, then a senator, told Daily Tribune in an exclusive interview about the use of a supposed stimulus fund of the administration of former President Benigno Aquino III to bribe six senators who sat as judges in the Senate impeachment court for them to vote for the conviction of Corona in May 2012. Marcos said the Department of Budget and Management released P475 million in lump sum allocations to the six senators through the Department of Agrarian Reform that was made to appear as funds for livelihood projects. BBM said the funds were actually used to “induce” the senator-judges to convict Corona. Abad DAP author Abad, in January 2012, said P72.11 billion of those funds juggled from the budget was used for DAP, and the bulk of it was released to agencies and government-owned or -controlled corporations in 2011. Marcos said P100 million was released to him as part of the P475 million the DBM had allocated in six special allotment release orders or SARO, all with the same date of 6 December 2011 and made available through notices of cash allocation a year after. In a privilege speech two days after the Marcos interview, Senator Jinggoy Estrada accused Senate President Franklin Drilon of using discretionary funds to influence the impeachment proceedings against Corona. (To be continued) The post BBM, Tribune share good gov’t journey appeared first on Daily Tribune......»»
No state pension funds in MIF
President Ferdinand Marcos Jr. on Wednesday assured the public the national government will not use state pension funds Social Security System and Government Service Insurance System as “seed funds” to finance the proposed Maharlika Investment Fund. The Chief Executive made the assurance in an interview with reporters at the 86th-anniversary celebration of GSIS, hours after the Senate passed Senate Bill 2020 creating the MIF. The Senate approved the controversial sovereign fund bill, voting 19-1-1 at around 2:30 in the morning of Wednesday following 12 hours of deliberations. Marcos explained, however, that the pension funds themselves could invest in the proposed sovereign wealth fund if they believe it is a “good investment.” “We will not use it as a seed fund. However, if a pension fund decides the Maharlika Fund is a good investment, it’s up to them if they want to invest in it, not only pension funds but corporations,” Marcos said. “Those funds, that’s all they do, they grow their money so they have something to give,” Marcos added. Marcos said this is what GSIS has been doing. He said GSIS makes sure that “they are very solid (and) that they are very stable” so that they could give out all the payments (to its members). “We have to differentiate those two things,” he added. In a separate interview, GSIS president Jose Arnulfo “Wick” Veloso said they would abide by the lawmakers’ decision regarding the MIF. “I don’t have any idea about what other discussions are happening about those things. We will only do one thing, whatever the decision of the lawmakers is because they listen to our people, whatever they want, that’s what we will follow,” Veloso told reporters. “So we are just guided by the direction that is given to us,” he added. Unanimous approval During Tuesday’s plenary session which ran until early Wednesday, senators unanimously approved the fund measure shortly after it was approved on second reading. A total of 19 senators voted in favor of the passage of the Maharlika bill, while only one senator voted against it and one abstained. Senate Deputy Minority Leader Risa Hontiveros objected to the measure while Senator Nancy Binay abstained from voting. Senators Aquilino Pimentel III and Imee Marcos, who also opposed the measure, were not present. During the period of individual amendments, senators introduced several changes to the proposed Maharlika Investment Fund, including a ban on government financial institutions such as the SSS, GSIS, Philippine Health Insurance Corporation, OWWA Fund, Philippine Veterans Affairs Pension Fund, Office Pension Fund, and other government social welfare entities investing in the sovereign wealth fund. The amendment, which was introduced by Senator Raffy Tulfo, was accepted by Senator Mark Villar, the principal author, and sponsor of the measure. With the approval of the measure in the Upper Chamber, the Maharlika bill is now closer to enrollment for the President’s signature. Senate President Juan Miguel Zubiri designated Senators Villar, Pia Cayetano, Ronald “Bato” dela Rosa, Francis Tolentino and Senate Minority Leader Aquilino “Koko” Pimentel III as the Senate contingent to the bicameral conference committee. Contingents from both the House of Representatives and Senate are to convene at 11 a.m. today to reconcile the disagreeing provisions in their respective versions of the Maharlika bill. Economic team lauds Senate Meanwhile, Marcos’ economic team lauded the Senate for passing the Maharlika Investment Fund. “The economic team commends Senate President Miguel Zubiri and Senator Mark Villar for their thorough deliberation and prioritization of the proposed Maharlika Investment Fund Act,” Finance Secretary Benjamin Diokno said. “The Senate leadership pulled out all the stops to ensure that the bill we bring to the President reflects the administration’s objective of creating a profitable and secure investment fund,” he added. The bill’s speedy approval was backed by Diokno, Executive Secretary Lucas Bersamin, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan and Bangko Sentral ng Pilipinas Governor Felipe M. Medalla, who were all present during the prolonged Senate session. Budget Secretary Pangandaman, for her part, said the Senate’s version of the MIF has “multiple” safeguards against potential misuse. “This is a great stride towards our long-term progress and will boost our efforts for economic growth,” Pangandaman said. “This includes multiple safeguards — we have an audit committee, there’s an advisory board, and there’s a congressional oversight committee. It adheres to the internationally known Santiago principles, there’s the (Commission on Audit), and it has (a) procurement law, so I think we have enough safeguards,” she added. She highlighted potential financial resources from the Land Bank of the Philippines, the Development Bank of the Philippines, the Philippine Amusement and Gaming Corporation, central bank dividends, and income from privatization. @tribunephl_tiz @tribunephl_jom The post No state pension funds in MIF appeared first on Daily Tribune......»»
Atienza sinopla Cayetano boy sa P10B `pork’
Tinawag ni Buhay party-list Rep. Lito Atienza na pork barrel ang inilaang P10 bilyong budget para Tourism Infrastructure and Enterprise Zone Authority (TIEZA) na nakapaloob sa bersyon ng Kamara sa panukalang Bayanihan To Recover As One Act o Bayanihan 2......»»
SC upholds decision granting Napoles bail in one PDAF case
Pork barrel scam mastermind Janet Lim-Napoles and former Masbate Rep. Rizalina Seachon-Lanete have been allowed to post bail after the Supreme Court dismissed a case related to the Priority Development Assistance Fund......»»
DSWD chief ready to explain AKAP to lawmakers
After questions were raised about the budget allocation for the Ayuda para sa Kapos ang Kita Program, Social Welfare Secretary Rex Gatchalian yesterday expressed readiness to explain the program to lawmakers......»»
DOT chief apologizes over attached agency exec’s behavior
Tourism Secretary Christina Frasco yesterday apologized to senators over the inappropriate behavior of an official who texted the senators to ask for VIP treatment for the Department of Tourism in the budget deliberations......»»
Alan Peter Cayetano may pakiusap kay Lala Sotto: Look at contemporary Filipino values that we can agree on
MAY panawagan si Senator Alan Peter Cayetano kay Movie and Television Review and Classification Board (MTRCB) Chairperson Lala Sotto–Antonio tungkol sa Filipino values sa digital content. Ipinahayag ito ng senador sa isinagawang plenary debate ng panukalang 2024 budget ng MTRCB nitong November 14, 2023 na binigyan diin niya ang malawakang paggamit ng Internet ay nabawasan.....»»
Nearly 50 million COVID-19 vaccine doses wasted
Sen. Pia Cayetano, the sponsor of the Department of Health’s budget, said that the country’s COVID-19 vaccine wastage reached 49.73 million......»»
Ombudsman ordersDA Asec dismissed
The Office of the Ombudsman has ordered the dismissal from the service of Department of Agriculture Assistant Secretary Kristine Evangelista in connection with a dubious deal with an onion supplier that led to a spike in the price of the commodity last year. The Ombudsman found Evangelista and John Gabriel Benedict Trinidad III, vice president for operations of Food Terminal Inc., guilty of conduct prejudicial to the best interest of the service. They were dismissed for grave misconduct and negligence of duty, respectively. Moreover, the Ombudsman found probable cause to indict Evangelista, Trinidad, and several others for breach of the Anti-Graft and Corrupt Practices Act (RA 3019) and for “falsification by private individuals and use of falsified documents (Article 172 of the Revised Penal Code).” The criminal and administrative charges against DA Senior Undersecretary Domingo Panganiban, chief accountant officer-in-charge Lolita Jamela, administrative officer V Eunice Biblanias, and budget division head Juanita Lualhati were dropped due to lack of probable cause and insufficiency of evidence. Likewise, the Ombudsman ordered the dismissal of both criminal and administrative charges against FTI president Robert Tan, who will stand as a witness for the prosecution. Back in August, the Ombudsman placed Evangelista, Trinidad, and several others, except for Panganiban and Tan, under preventive suspension in connection with the onion supply shortage in the country’s markets, price manipulation, and the dubious procurement of onions by FTI from Bonena Multi-Purpose Cooperative. Ombudsman records showed the DA entered into a memorandum of agreement with FTI for the Food Mobilization or Kadiwa Food Hub project. FTI, on the other hand, entered into a letter of agreement with Bonena for the delivery of 8,845 bags (approximately 28 kilograms/bag) of onions as part of the Kadiwa Food Hub. They were accused of violating RA 3019 and the Government Procurement Reform Act (RA 9184) due to the lack of parameters in the selection of a cooperative that would supply and deliver the onions; the questionable advance payment of 50 percent of the contract price; non-compliance of the MoA; partial implementation of the contract; and doubtful deliveries by Bonena.” The country experienced an agricultural shortage, primarily in onions, which soared to as high as P500 to P700 per kilo during the last quarter of 2022. The post Ombudsman ordersDA Asec dismissed appeared first on Daily Tribune......»»
Agri officials dismissed by Ombudsman for graft, misconduct
The Office of the Ombudsman has ordered the dismissal from service of Department of Agriculture assistant secretary Kristine Evangelista in relation to a dubious deal with an onion supplier that led to a spike in the commodity last year. The Ombudsman found Evangelista and John Gabriel Benedict Trinidad III, vice president for operations of Food Terminal Incorporated, guilty of conduct prejudicial to the best interest of the service and dismissed for grave misconduct and negligence of duty, respectively. Moreover, the Ombudsman found probable cause to indict Evangelista, Trinidad and several others for breaching the Anti-Graft and Corrupt Practices Act (RA 3019), and for "falsification by private individuals and use of falsified documents (Article 172 of the Revised Penal Code)." The criminal and administrative charges against DA senior undersecretary Domingo Panganiban, chief accountant officer-in-charge Lolita Jamela, administrative officer V Eunice Biblanias and budget division head Juanita Lualhati, however, were dropped due to lack of probable cause and insufficiency of evidence. Likewise, the Ombudsman ordered the dismissal of both criminal and administrative charges against FTI president Robert Tan to stand as a witness of the prosecution. Back in August, the Ombudsman placed Evangelista, Trinidad and several others, except for Panganiban and Tan, under preventive suspension in connection with the onion supply shortage in the Philippine markets, price manipulation and the dubious procurement of onions by FTI from Bonena Multi-Purpose Cooperative. The Ombudsman’s records showed that the DA entered into a memorandum of agreement with FTI for the Food Mobilization or Kadiwa Food Hub project. FTI, on the other hand, entered into a letter of agreement with Bonena for the delivery of 8,845 bags (approximately 28 kilograms/bag) of onions as part of the said Kadiwa Food Hub. They were accused of violating RA 3019 and the Government Procurement Reform Act (RA 9184) due to the lack of parameters in the selection of a cooperative that will supply and deliver the onions; questionable advance payment of 50 percent of the contract price; non-compliance of the MoA; partial implementation of the contract; and doubtful deliveries by Bonena. During the last quarter of 2022, the country experienced an agricultural shortage, primarily in onions, the prices of which soared to as high as P500 to P700 per kilo. Citing the evidence, Ombudsman Samuel Martires said “it seems like the prices of onions were manipulated.” “It seems like there was no bidding. We obtained CCTV footage from FTI showing what looks like a single person bringing three envelopes to the senior vice president,” he said. The post Agri officials dismissed by Ombudsman for graft, misconduct appeared first on Daily Tribune......»»
BARMM proposes P98-B budget
COTABATO CITY — The Bangsamoro Autonomous Region in Muslim Mindanao has formally submitted the proposed budget for the region’s 2024 fiscal year, totaling P98.46 billion with education, infrastructure and health as the top three priorities. BARMM Chief Minister Ahod Balawag Ebrahim Al Haj on Wednesday said that he personally handed over the proposed Bangsamoro Expenditure Program for 2024 to Bangsamoro Parliament Speaker Atty. Pangalian Balindong during a symbolic ceremony held on Tuesday. Ebrahim said education emerged as the top priority, securing the largest share of the proposed budget with an allocation of P30.2 billion, stressing that the amount reflects the region’s commitment to enhancing the educational landscape in BARMM, aiming to provide better opportunities for its residents. The allocation will be used by the Ministry of Basic, Higher and Technical Education to fund various education programs, scholarships and the development of schools and learning centers, ensuring that quality education is accessible to all, Ebrahim explained. Following closely is infrastructure, receiving a substantial budget of P17.6 billion from the Ministry of Public Works, which signals BARMM’s dedication to developing its physical infrastructure to strengthen economic growth, connectivity and a better quality of life for the Bangsamoro people. MPW Minister Arch. Eduard Guerra said that they intend to expedite the construction and maintenance of essential infrastructure facilities, such as flood management, bridges and water systems. The post BARMM proposes P98-B budget appeared first on Daily Tribune......»»
EU, U.S. unite to support Israel
European Union and United States leaders met in Washington Friday to show their united stance in supporting Israel’s war on the Palestinian militant group Hamas. “We stood together to support the brave people of Ukraine in the face of (Russian President Vladimir) Putin’s aggression. We’re standing together now to support Israel in the wake of Hamas’s appalling terrorist attack,” US President Joe Biden said at the White House. “These conflicts show democracies must stand together,” European Commission chief Ursula von der Leyen told reporters as she and European Council chief Charles Michel met Biden. “Today, the world faces enormous challenges. And today, more than ever, the world needs a strong EU-US alliance to tackle these challenges,” Michel said. EU leaders were looking for reassurance of continued US support for Ukraine, which is fighting to repel the Russian invasion launched in February 2022. That reassurance was evident Thursday when Biden urged Americans to back a $106 billion aid package including military assistance for Ukraine and Israel. The US is by far the biggest supplier of military aid to Ukraine. Aid to Israel and Ukraine, however, faces hurdle as the US Congress has been paralyzed for more than two weeks divided Republicans, who hold the majority in the House of Representatives, failed for a third time to elect a new House speaker. Congress also faces a 17 November deadline to act on the budget, so as to avoid a possible government shutdown. House crisis In the 17 days since US House speaker Kevin McCarthy was ousted in a rebellion by right-wing hard-liners from within his own party, no other Republican has been able to muster enough votes to replace him, sparking one of the worst institutional crises Washington has seen in decades. The US legislature is unable to perform even basic functions like funding the government and addressing growing national security concerns. The party dropped Ohio conservative Jim Jordan, chairman of the influential Judiciary Committee, in a secret ballot Friday after he again failed to secure victory on the House floor on his third attempt. Despite backing from former president and leading 2024 Republican hopeful Donald Trump, Jordan was defeated by 25 colleagues from his own side who joined every Democrat to deny him the gavel for the third time in four days. Lawmakers told reporters as they left Capitol Hill for the weekend they would hold a “candidate forum” to choose a new standard-bearer on Monday, with several hopefuls expected to be announced on Sunday. WITH AFP The post EU, U.S. unite to support Israel appeared first on Daily Tribune......»»
Phl economy still strongest this year — RCBC
The Philippine economy will remain among Asia’s strongest in the fourth quarter despite a possible higher interest rate because of strong consumer demand for certain products and services and more employed Filipinos, the chief economist of Rizal Commercial Banking Corporation said Saturday. “This growth forecast is still among the fastest in the region because our economy is doing well,” RCBC’s Michael Ricafort said. The World Bank recently downgraded this year’s Philippine economic growth to 5.6 percent from 6 percent due to inflation risks, apart from lower government spending and weaker demand for exports. However, it is still higher than China’s 5.1 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.3 percent growth forecast. Ricafort said the Bangko Sentral ng Pilipinas (BSP) might raise its policy rate this year to slow inflation to 4 percent by year-end after it accelerated again to 6.1 percent last month. “The BSP is working to bring down prices of goods and services. As an unintended consequence, the economy could slow down. Borrowing costs for business owners also increase and consumer demand weakens,” he said. Ricafort said global oil prices have started falling which could discourage the central bank from raising its rate drastically. “Global oil prices have declined to $82 to $83 per barrel from a peak of $95 per barrel last month or since the war between oil-rich countries Russia and Ukraine began,” the economist said. He also expected a downtrend in rice prices starting this month as he said local farmers have begun collecting fresh harvests. “Inflation quickened last month mainly from higher prices of rice which accounted for nearly 9 percent of the inflation basket and grew 17 percent year-on-year,” Ricafort said. While a higher interest rate aims to slow consumption, Ricafort said the continued flow of remittances from overseas Filipino workers, or at least 3 percent growth yearly will still support substantial levels of consumer spending, especially during the Christmas season. “That is more than $40 billion a year. That’s the fourth largest in the world after India, China and Mexico,” the economist said. He added more Filipinos or 800,000 could earn from business process outsourcing or BPO this year as the industry’s revenue could rise from $32.5 billion to $59 billion based on data from the Contact Center Association of the Philippines. Another growth area is tourism, which Ricafort said saw 4 million foreign visitors last month, nearing the 4.8 million full-year target of the government. He added higher productivity among Filipinos is also expected as the country’s unemployment rate declined to 4.4 percent in August from 4.8 percent in July, based on data from the Philippine Statistics Authority. Moving forward, Ricafort said the government must improve science and technology education for higher quality jobs and increase spending on infrastructure amid the full reopening of most economies. “We are now fully reopened. Students are also back in schools which encourages putting up food businesses. Labor market in the US also improved which will affect export trade,” he said. Ricafort added the government could continue distributing financial and other assistance to farmers to control inflation. He believed the inflation rate will approach 3 percent next year, close to the ideal 2 percent for healthier economic growth. The post Phl economy still strongest this year — RCBC appeared first on Daily Tribune......»»