House seeks augmented 2021 calamity fund in Ulysses aftermath

“Given the tremendous damage caused by these successive strong typhoons, it is imperative that we augment the calamity fund in next year’s spending plan. We have to help our people rebuild their lives and their communities,” Velasco said......»»

Category: newsSource: philstar philstarNov 22nd, 2020

House bats for P5B hike in calamity funds for next year

The House of Representatives is seeking an increase of P5 billion in the 2021 calamity fund for the reconstruction of areas devastated by recent strong typhoons......»»

Category: newsSource:  thestandardRelated NewsNov 22nd, 2020

Senators back Velasco’s proposal to hike calamity funds

Senators on Monday agreed with House Speaker Lord Allan Velasco’s suggestion to increase calamity funds under the 2021 General Appropriations Bill containing the P4.5 trillion national budget following the series of typhoons that devastated several provinces in the country. Senate Finance Committee Chairman Sonny Angara said hiking the calamity funds would not be a contentious […] The post Senators back Velasco’s proposal to hike calamity funds appeared first on Daily Tribune......»»

Category: sportsSource:  abscbnRelated News14 hr. 28 min. ago

Pag-IBIG offers calamity loan for typhoon-hit members

Home Development Mutual Fund (Pag-IBIG Fund) President and CEO Acmad Rizaly Moti (Screengrab from Laging Handa briefing)  MANILA – The Home Development Mutual Fund (Pag-IBIG Fund) will allow its members affected by the two destructive typhoons to apply for a calamity loan. “Dahil po dito sa nagdaang Typhoon Ulysses at sa nakaraan pong (Super) Typhoon Rolly […].....»»

Category: newsSource:  balitaRelated NewsNov 14th, 2020

Senators want calamity fund increased

Senators are aiming to increase the government’s Calamity Fund for 2021, sifting through the proposed P4.5-trillion national budget for next year to find enough funds to realign for the purpose, it was learned yesterday......»»

Category: newsSource:  philstarRelated NewsNov 4th, 2020

Realign portion of NTF-ELCAC’s P16 B to help typhoon victims — Hontiveros

Senator Risa Hontiveros said on Tuesday the government should realign a portion of the P16-billion anti-insurgency fund to relief and rehabilitation efforts for communities ravaged by super typhoon “Rolly.” Sen. Risa Hontiveros (Senate of the Philippines / FILE PHOTO / MANILA BULLETIN) Instead of funding a controversial program under the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), Hontiveros said the budget could go a long way in helping Filipinos recover from the calamity.“Ngayong panahon ng sakuna, ‘di hamak na mas kailangan ng mga kababayan natin sa Bicolandia at sa iba pang mga lugar na nasalanta ng bagyo ang milyon-milyong pondo ng pamahalaan. (During this time of calamity, our people in the Bicol region and other provinces badly-hit by the typhoon need government funds),” Hontiveros said.“It is clear that the billions earmarked for NTF-ELCAC would be better spent on helping Filipinos battered by the typhoon get back on their feet,” the senator stressed.“Unahin nating bigyang-tulong at pondo ang mga nabiktima ng kalamidad, hindi ang mga ahensiya na puro pagre-redtag at pagkakalat ng fake news ang ginagawa. (Let’s prioritize helping victims of calamities by giving them funds, not agencies that do nothing but red tag people and just go about spreading fake news),”  she reiterated.At the hearing of the Senate Committee on National Defense, the lawmaker noted that NTF-ELCAC has been allocated a proposed budget of P19-billion for 2021. Of this amount, P16-billion has been earmarked for its Barangay Development Program. Hontiveros also pointed out that the budget for NTF-ELCAC is “questionably astronomic” compared to the proposed budgets of other key agencies particularly the Department of Housing Settlements and Urban Development which only has P632-million, Office of the Ombudsman with only P3.36-billion, Department of Budget & Management (DBM) with only P1.9-billion, and even the Department of Finance (DOF) which only has P17.46-billion.“We should not spend such an inordinate amount of time and money on an agency running after ordinary citizens using the communist bogeyman. This is on top of the NTF-ELCAC’s bad track record of spreading fake news and silencing critical and dissenting voices,” she said. Hontiveros earlier defended entertainment personalities and women’s rights groups from the red tagging activities of Lt. General Antonio Parlade, chief of the Southern Luzon Command of the Armed Forces of the Philippines (AFP) and NTF-ELCAC spokesperson.  She said she cannot begin “to imagine the anguish and emotional toll this must have taken on these women who have been directly-hit by these accusations, as well as their families.”“I am certain that it has also caused a chilling effect on citizens who only want to weigh in on issues of national importance and hold the government to account for its failures to the people,” she stressed. “The issues of the communist insurgency are not new to me. My party Akbayan historically has called for human rights accountability of non-state actors, at kasama dito ang NPA. I will not hesitate to speak against the violations of the NPA,” she further said. .....»»

Category: newsSource: NewsNov 3rd, 2020

House hikes 2021 pandemic assistance fund by P6 billion

The House of Representatives has increased by P6 billion the financial assistance fund for workers and poor families affected by the COVID-19 pandemic in the 2021 General Appropriations Bill......»»

Category: newsSource:  philstarRelated NewsOct 24th, 2020

Palace seeks quick, efficient budget passage

Malacañang has appealed to the Senate for a quick but efficient passage of the P4.506 trillion 2021 national budget which the House approved on third and final reading Friday night......»»

Category: newsSource:  thestandardRelated NewsOct 17th, 2020

DTI seeks P1-b fund for small businesses

The Department of Trade and Industry is seeking to reinstate the P500-million funding intended for the shared service facilities project that was realigned for pandemic response in 2020 to add to the proposed P500-million allocation for 2021......»»

Category: financeSource:  thestandardRelated NewsOct 5th, 2020

BCDA chief seeks P229M funding for Nat’l Sports Academy

Bases Conversion Development Authority (BCDA) President and CEO Vince Dizon on Monday asked the senators to provide P229 million to fund the creation of the Philippine National Academy of Sports (NAS) under the 2021 national budget. During Senate Finance Committee deliberations of BCDA’s proposed P5.795-billion budget for 2021, Senator Sonny Angara asked Dizon if there […] The post BCDA chief seeks P229M funding for Nat’l Sports Academy appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 5th, 2020

Año sa House panel: Paggagamitan ng P16.B barangay fund ‘to follow’

Manila, Philippines – Nilinaw ni Interior Secretary Eduardo Año na ang nakatabing P16.4 bilyong budget sa national budget sa 2021 ay hindi sa pork barrel allocation ng botohan sa 2022. Sa pagdinig, sinabi ni Año na may mga proyektong nakalatag sa proposed P244.3-billion budget. “Mayroon na po tayong initial listing po, ito po ay isinubmit […] The post Año sa House panel: Paggagamitan ng P16.B barangay fund ‘to follow’ appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsSep 10th, 2020

Congress promises PSC funding for Tokyo Olympics

Lawmakers promised to heed the Philippine Sports Commission’s call for financial support for the Tokyo Olympics next year. Congressmen who are members of the Committee on Youth and Sports Development gave a positive response when the government’s sports arm lobbied for Tokyo 2021 budget in the House of Representatives.   "Rest assured that we will do our part to get the funding for this Olympics. All hands are in. Dapat lahat tayo dito. This is the best chance we have," said committee head Rep. Eric Martinez. He added that they would discuss the matter with the Department of Budget and Management and schedule it the soonest time possible because the athletes "need that budget for the Olympics." PSC Chairman William 'Butch' Ramirez during the regular committee meeting on Wednesday bared the sports agency's need for its slashed funds to continue supporting the training and competitions of Tokyo Olympic Games qualifiers and hopefuls vying for slots.   "We were one of those government offices who also contributed to the Bayanihan Act. The DBM deducted from us. Para sa amin malaking bagay 'yun kasi kasama doon 'yung Olympic budget namin. Hanggang ngayon po bakante 'yan. It's an opportunity for us to ask, we need your help," expressed Ramirez. After presenting the Olympic budget request of more than P182 Million for Tokyo-bound athletes and hopefuls made by Chef de Mission (CDM) Mariano Araneta to the PSC, the sports agency chief highlighted the push Congress can give to the country's Olympic dream.     "Rep. Bambol Tolentino has initially supported ‘yung P180 million na allowances ng atleta which was approved by the bicam, and to be approved by the President. Thank you sa lahat ng congressman na sumuporta. Pero 'yung Olympic budget namin, we are hoping again for your support," said Ramirez. The PSC chief informed the body that "the Philippine Sports Commission is operating on the savings coming from PAGCOR (Philippine Amusement and Gaming Corporation)" and that "when we talk about the elite athletes of the national team, the budget being used is the NSDF (National Sports Development Fund)” prompting PSC to lessen grassroots sports program related to local government units. "Dito kami naka-focus sa elite athletes. We still have some budget just enough for us to reach December," admitted Ramirez in his response to Committee Vice-Chair Jericho Nograles' inquiry on the PSC's funds. To aid in the government’s effort to address the coronavirus (COVID-19) pandemic, P596 million from the National Sports Development Fund and another P773 million from the General Appropriations Act by the DBM was slashed from the PSC’s budget. Gymnast Caloy Yulo, pole vaulter EJ Obiena and boxers Irish Magno and Eumir Marcial already qualified for the Summer Games. Eighty-two more hopefuls are training to earn spots in the Tokyo Olympics.   .....»»

Category: sportsSource:  abscbnRelated NewsAug 27th, 2020

2021 budget will cover coronavirus vaccine fund

The Department of Labor and Employment has told House legislators that even with big funding, not all distressed Overseas Filipino Workers can be repatriated and solve the problems faced by the authorities......»»

Category: newsSource:  thestandardRelated NewsJun 27th, 2020

No games, big losses: Money crisis faces US Olympic sports

By EDDIE PELLS AP National Writer DENVER (AP) — The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while others are reeling from event cancellations totaling more than 8,000 across all sports. A database analyzed by The Associated Press shows combined projected losses of more than $121 million in revenue between February and June for 43 of the 50 national governing bodies that responded to a survey from the NGB Council in the wake of the coronavirus crisis. As much or more as the U.S. Olympic and Paralympic Committee, which serves as an umbrella regulator of the country's Olympic sports, it's the NGBs that provide funding and other support for athletes to pursue their dreams at the Olympic and other elite levels. About 80% of the typical NGB's budget goes toward supporting athletes. Not including the U.S. Tennis Association — an outlier because of the massive revenue it generates from the U.S. Open — the NGBs have a combined annual revenue of about $685 million. By comparison, the NFL and NBA each reportedly brought in about $8 billion during the latest completed season. Half the NGBs are little more than ma-and-pop operations, working with small staffs and on revenue not more than $5 million a year. The USOPC, which sent cash grants to the individual NGBs to the tune of around $65 million in 2018, is also in uncharted territory. The postponement of the Olympics forces the federation to make up for a shortfall nearing $200 million without the NBC payout that comes during Olympic years. The USOPC broke with recent practice by not taking out insurance against that possible loss, instead deciding to self-insure. Some of the shortfall is expected to come from an endowment fund created out of a surplus from the 1984 LA Olympics. The USOPC says the losses across American sports could range from $600 million to $800 million. A good portion of these losses can be recouped if the games go forward, as expected, in 2021. But staying financially healthy until that time is not a given for some of the more vulnerable NGBs. “I haven't heard anyone say their NGB itself was going to go out of business,” said Max Cobb, the president of U.S. Biathlon, who doubles as leader of the USOPC's NGB Council. “But there's very little buffer to absorb any revenue loss for an NGB. They all run on a very tight revenue and expense model, and very few have much in the way of savings.” Already, USA Cycling, a mid-sized NGB with an approximate annual revenue of $15 million, laid off eight of its 70-person staff. And USA Rugby, which existed on about $14 million in revenue through 2017, was already teetering and could be nearing closer to bankruptcy with the added uncertainty the Olympic postponement has brought. Many NGBs, such as cycling, are event driven — reliant on cash brought when people sign up for local and national competitions that they sanction. Others, such as USA Swimming, get their lion's share of funding from membership dues, which are taking a hit as facilities around the nation close on the order of state and local governments. “We, as an NGB, will feel it next fall when memberships start rolling in. That shortfall could have a profound effect,” said USA Swimming's Tim Hinchey. “We can overcome a lot of these things, I think, if all comes back to normal. But we have to wait and see like everyone else.” The only event that makes money for swimming is its Olympic trials, which are also a significant revenue source for track, gymnastics and other sports that send large teams. All have been postponed, to be rescheduled when the IOC sets a new date for the Olympics in 2021. The USOPC recently sent a letter to Congress asking for $200 million to be included in the $2 trillion coronavirus relief package that passed through the House of Representatives on Friday. The money, it said, was to be used to support about 2,500 athletes and to help NGBs, which have a total of about 4,500 full-time employees. “On short notice, we surveyed NGBs and then made additional assumptions about the current and future impact of the pandemic on athlete financial support,” CEO Sarah Hirshland said. “Reflective of that work, funds were requested on behalf of athletes and NGBs only.” That request wasn't granted — the federal government has a long history of not providing financial support to the Olympics — though Cobb said he was encouraged that not-for-profit businesses such as the NGBs are allowed to apply for loans as part of the stimulus package's $349 billion “Paycheck Protection Program.” Hinchey said he'll direct some struggling swim clubs to also seek relief from the loan program. What's clear to Cobb is that without some help, more layoffs could be imminent at some NGBs, while others will suffer in ways that the broad public might not recognize right away. Without as much revenue to support a wider swath of coaching and training programs, to say nothing of equipment and state-of-the-art training facilities, some sports' pipelines might suffer. “The athletes receiving the support right now have earned that by being the best in the country,” Cobb said. “But it's that next generation of athletes, and all the NGBs rely on that next generation, that's the group that's the most impacted.”.....»»

Category: sportsSource:  abscbnRelated NewsMar 28th, 2020

House, DBM workingon P30 billion fund for Taal rehab

Leaders of the House of Representatives are coordinating with Budget Secretary Wendel Avisado to refine the measure that seeks a P30-billion supplemental budget for the rehabilitation of areas devastated by the Taal Volcano eruption......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2020

House OKs free freight services for relief goods

The House of Representatives approved on third and final reading the “Relief Goods Free Transportation Act” right after the onslaught of Typhoon “Tisoy” in the country. House Bill 5070 seeks to provide for free freight cost in the delivery of relief goods to calamity-stricken areas. It was passed with 170 affirmative votes. The measure aims […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 6th, 2019

SSS to Provide Calamity Assistance to Earthquake-Stricken Members, Pensioners in Mindanao

The state-run Social Security System (SSS) over the weekend said members and pensioners affected by the series of earthquakes in Southern Mindanao may now avail of the Calamity Assistance Package. SSS President and Chief Executive Officer Aurora C. Ignacio said that the pension fund will offer calamity loan and Direct House Repair and Improvement Loan […].....»»

Category: newsSource:  metrocebuRelated NewsNov 20th, 2019

House panel OKs P10-billion fund for fire protection modernization

MANILA, Philippines – The House committee on public order and safety approved a substitute bill that would allocate P10 billion to fire protection modernization, spearheaded by the Bureau of Fire Protection (BFP). On Tuesday, November 12, lawmakers in the committee augmented the original P5 billion allocation stipulated in House Bill No. ........»»

Category: newsSource:  rapplerRelated NewsNov 12th, 2019

House okays coco levy fund bill on 3rd reading

THE House of Representatives approved on Monday a measure, which seeks to create a trust fund for the use of farmers in the coconut industry. Voting 159-5, lawmakers approved on…READ The post House okays coco levy fund bill on 3rd reading appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 27th, 2019

NEDA chief rejects Bayanihan III, looks to 2021 budget for typhoon repair

NEDA chief rejects Bayanihan III, looks to 2021 budget for typhoon repair Prinz Magtulis ( – November 23, 2020 – 1:26pm MANILA, Philippines — A third set of budget stimulus measures dedicated to funding reconstruction from recent natural calamity appears off the table for the Duterte administration. “The priority is to fully spend the 2020 […].....»»

Category: newsSource:  balitaRelated News8 hr. 11 min. ago

Excesses, inequalities in nat’l budget bill

    THE Senate has been going through the proposed P4.5-trillion General Appropriation Bill for 2021 approved last month by the House of Representatives. The Senate will approve its own National Appropriation Bill which will then be consolidated by a Bicameral Conference Committee into the final Congress-approved bill for signing by President Duterte in December. […].....»»

Category: newsSource:  tempoRelated News22 hr. 11 min. ago