Tuesday, October 20, 2020

Pres. Duterte Eyes Sale Of Gov’t Assets If No Sufficient COVID-19 Funds

Pres. Duterte Eyes Sale Of Gov’t Assets If No Sufficient COVID-19 Funds


Boost Your Digital Reach At WOCEE WIRED

Learn how to stand out from the crowd on the upcoming WOCEE WIRED!

Transport Coop. Provides More Than 25k Free ‘Green Cards’ For Cashless Transactions

A transport cooperative operating in Las Piñas provides 25,735 passengers with the means to safely board and ride their solar electric jeepneys along the route of Alabang to Zapote.

The Importance Of Deepening Ties And Friendship On Online English Education

51Talk hosts the 2020 Sino-Philippines Educational Exchanges in celebration of the 45th anniversary of the founding of bilateral relations between the Philippines and China.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

President Rodrigo Duterte on Wednesday broached the idea of selling public properties if the government falls short of money that will be tapped to address the coronavirus disease 2019 (Covid-19).

In a speech aired on state-run PTV-4 on late Wednesday night, Duterte said his last resort was to sell government assets, including state-owned institutions Cultural Center of the Philippines (CCP) and Philippine International Convention Center (PICC) which are both located in Pasay City.

“‘Pag maubos talaga ang pera, ipagbili ko lahat ng propriedad ng gobyerno, iyang Cultural Center, PICC. ‘Yung lupa diyan. Totoo (I will sell government properties, the CCP and PICC. That’s true). That’s the last (option) ‘pag wala na akong makuha (if I no longer have the money) and we are about to sink,” he said.

Duterte met with the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) on Wednesday night to discuss the government’s efforts to fight Covid-19.

Duterte, upon the recommendation of IATF-EID, has extended the implementation of enhanced community quarantine (ECQ) in the entire Luzon until April 30 to stop the further transmission of Covid-19.

Covid-19 infections in the Philippines has already climbed to 3,870, with 182 deaths and 96 recoveries.

The national government has received PHP275 billion as an emergency fund for Covid-19 response.

Duterte, however, said the government has yet to fully receive the PHP275 billion, explaining that the money still needs to be collected in the second and third quarters of 2020.

“‘Yung budget na pinapatakbo natin (The budget we’re using) was prepared last year but Covid-19 (emergency fund) was not included in that budget,” he said. “It’s not there. Magkokolekta pa ako (I still have to collect the money).”

No source of income

Duterte earlier said the PHP275-billion fund for Covid-19 response will not last long.

In his latest remarks, Duterte admitted that the government has “no source of income now”.

“What is so exasperating is that we are trying our best… There’s no source of income now, except maybe, perhaps ‘yung fixed assets natin, ‘yung mga lupa na may mga building (our fixed assets, the government-owned buildings),” he said.

Duterte said the money he could earn just in case he sells the government properties would be distributed to people who are in need.

“Ako, magbibigay ako sa inyo ng hope. For the time na nandito ako, ako ang control. Ibigay ko lahat. Ipagbili ko lahat ng propriedad ng kung saan. Ibibigay ko sa inyo ‘yan (I will give you hope. I will take control while I’m here. I will sell government properties. I will give you the money). Do not worry about the money,” he said.

Stay afloat

Around 18 million poor families have been affected by the crisis brought about by Covid-19.

Some PHP200 billion of the PHP275 billion would be spent to help the 18 million low-income households amid the implementation of Luzon-wide ECQ.

Duterte said he had received assurance from Finance Secretary Carlos Dominguez III that the government can generate funds to combat Covid-19.

“He (Dominguez) is assuring that we can still stay afloat,” he said. “Sabi niya (He said), we can generate funds. Sabi niya, marami namang mahiraman (He said we can borrow money).”

Dominguez, who was also present during the meeting at Malacañang, ensured that the government is “very well-prepared”.

He said the government would also come up with a program to continuously borrow more money to stop the spread of Covid-19.

“We are confident we have the financial capability to bridge this problem — the Covid-19 has brought us. So we want to assure all our citizens that at this point in time, we have the money although we have to realize na hindi naman endless ‘yung pera na ito (that the spending of this money is not endless). So we have to spend it correctly,” Dominguez said. (PNA)

Photo Credit: facebook.com/pcoogov

Latest News

Boost Your Digital Reach At WOCEE WIRED

Learn how to stand out from the crowd on the upcoming WOCEE WIRED!

Mayor Labella: Cebu City Youth, Seniors Not To Abuse Relaxed IATF Rules

“I appeal to our 15 and 65 year olds, although the IATF allowed you to go out but please no do not abuse the the kind of liberality and relaxation.”

PH COVID-19 Recoveries Now 310,303

The Department of Health also logs 2,638 new confirmed cases, bringing the total number of active cases to 42,191 on Monday.

Manila Churches Ready To Accept More Attendees

Catholic churches in Manila are ready to accept more churchgoers as the city government approved an increase in the number of people that would be allowed to attend religious gatherings.

Duterte Assures Gov’t Will ‘Look For Money’ To Settle Red Cross Debt

“We’ll look for the money. Hindi naman marami but ang priority natin dito is really medical treatment, medical attention. Babayaran to in a short while, do not worry.”

Pasig Temporarily Shuts Down Community Kitchen

The Pasig city government has temporarily closed its community kitchen after one of its workers tested positive for the COVID-19.

Pandemic Parenting: Education In The New Normal

With the newly introduced distance learning, these parents remain resilient in facing the challenges brought about by it.

UK: COVID-19 Vaccines To Be Available In Early 2021

More than one COVID-19 vaccine are expected to be distributed by 2021.

5K Cebu Learners Benefit From Milk Feeding Program

The Philippine Carabao Center-Ubay Stock Farm and the Department of Agriculture in Central Visayas kicks off a school-based milk feeding program in the southern city of Carcar, Cebu, benefiting nearly 5,000 learners.

N. Samar Readies Over 14K Food Packs For Villages Under ECQ

Northern Samar prepares food packs for families affected by enhanced community quarantine in Catarman.