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ERC draft pricing mechanism for green energy auction due this month

THE Energy Regulatory Commission (ERC) is hoping to complete the draft pricing mechanism for the Green Energy Auction (GEA) this month, to stay on track for the third GEA round this year.

“We’re working on the draft for posting for public consultation within the month so that we can then contribute that to the auction process of DoE (Department of Energy),” ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta told BusinessWorld after a House of Representatives hearing last week.

The price determination methodology (PDM) set by the ERC that will be adopted by bidders participating in the GEA.

Ms. Dimalanta said that PDM for GEA-4 is targeted for release by the fourth quarter.

The Department of Energy (DoE) will conduct GEA-3 before the end of the year. It will involve non-feed-in-tariff (Non-FIT) eligible renewable energy technologies such as geothermal, impounding hydro, and pumped-storage hydro.

GEA-3 also covers run-of-river hydro, a FIT-eligible renewable energy technology.

The DoE will also conduct GEA-4 this year which is designed to cover integrated renewable energy and energy storage systems. It is also considering the inclusion of liquefied natural gas capacities.

“We’re still discussing with DoE because they were initially thinking they’ll just use the old price. But since it will now be integrated with energy storage, you can’t use the same price. So, we need to come out with a new pricing for GEA-4,” she said.

The GEA program aims to promote renewable energy as a primary source of energy through competitive selection.

GEA was first conducted in 2022 and attracted a total of 1,996.93 megawatts (MW) worth of renewables proposals, while GEA-2 was held in 2023, with 3,440.756 MW awarded. — Sheldeen Joy Talavera

PAGCOR Q2 gaming revenue up 32%

THE Philippine Amusement and Gaming Corp. (PAGCOR) said gross gaming revenue (GGR) in the second quarter rose 32.32% to P89.23 billion due to the strong performance of electronic games (e-Games).

In a statement, PAGCOR said GGR also grew 9.21% from the first quarter.

 The e-Games segment’s revenue rose 525% to P30.85 billion, PAGCOR said.

 “This sector continues to surpass targets and should help cover up for any shortfall resulting from the President’s order banning offshore gaming operations or POGOs by the end of the year,” PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco was quoted as saying. 

 President Ferdinand R. Marcos, Jr. last month ordered a ban on all POGOs after the industry was associated with illegal activities such as money laundering and human trafficking.

Policy reforms implemented by PAGCOR last year also helped improve e-Games revenue, Mr. Tengco added.

 Licensed casinos were the second-biggest contributor to GGR in the second quarter at P49.48 billion. The segment’s output was down 4.3% year on year.

 Quarter on quarter, revenue from licensed casinos declined 0.4% from P49.68 billion in the three months to March.

 Revenue from PAGCOR-operated casinos under the Casino Filipino brand declined 14.8% year on year to P4.20 billion. Revenue fell 10.41% from the previous quarter.

PAGCOR also noted a 19.83% year-on-year decline in revenue from bingo operations to P4.69 billion. The bingo segment was down 2.49% from a quarter earlier.

PAGCOR net income rose 121.48% to P6.56 billion in the first half.

In April, the Department of Finance raised the mandatory dividend remittance level for government-owned or -controlled corporations to the National Government to 75% of net earnings. — Beatriz Marie D. Cruz

45 ODA-backed projects problematic — NEDA

BW FILE PHOTO

FORTY-FIVE projects funded by official development assistance (ODA) have been identified as “Actual Problem Projects” since last year due to delays, the National Economic and Development Authority (NEDA) said. 

“This represents an overwhelming majority of the ongoing ODA-funded projects in the 2023 portfolio,” NEDA said in its latest ODA Portfolio Review.

Of the 45, 22 had been “Actual Problem” status since 2021 due to issues related to right of way, procurement, and compliance with regulatory requirements.

“The situation for these ODA-funded projects was further complicated by the government’s limited fiscal space, as resources were reprioritized to address the pandemic,” according to the report.

Project delays were also attributed to inadequate appropriations for loan proceeds and insufficient government funding, it added.

Within the problem category, 30 projects amounting to P1.3 trillion were flagged as Actual Problem Projects under Alert Level II or the “critical stage,” as of the end of 2023.

The NEDA-Monitoring and Evaluation Staff (MES) also identified 15 Actual Problem Projects costing P743.41 billion which were classified under Alert Level I, known as the “early warning stage.”

“Problematic” projects are given “early warning” based on physical and financial status, cost overruns, and stages of implementation, MES officer-in-charge and assistant director Paul Andrew M. Tatlonghari told reporters on the sidelines of a briefing last week.

If no improvement is seen from the unit’s quarterly assessments, its alert level will be raised to “critical stage” status.

Agencies with Actual Problem Projects are also asked to send their catch-up plans to NEDA.

NEDA then identifies whether the project should return for reapproval to the NEDA-Investment Coordination Committee (ICC), which evaluates the fiscal, monetary and balance of payments implications to key national projects.

Problematic projects in the government’s list of Infrastructure Flagship Projects are also raised to the NEDA Board, which is headed by President Ferdinand R. Marcos, Jr.

The MES also noted 10 “Potential Problem Projects” valued at P488.91 billion and three “No Problem Projects” worth P57.65 billion.

“Delayed ODA-funded projects result in less ODA that we can expect to receive from our ODA sources and will thus mean smaller assistance that can be used for national development,” Nigel Paul C. Villarete, senior adviser on public-private partnership at Libra Konsult, Inc., said via Viber.

Last year, the ICC approved 27 out of 39 requests to restructure ODA-funded projects. Most of these came from the Department of Transportation (DoTr) with eight projects, Department of Health with five, and the Department of Public Works and Highways (DPWH) with seven.

A total of 12 requests for restructuring are currently being processed as of December, it said.

Around 26 projects are expected for restructuring this year, mostly due to implementation period or loan/grant validity extensions or changes in cost, according to NEDA.

The bulk of these projects will be constructed by the DPWH and the DoTr, with nine each. — Beatriz Marie D. Cruz

Economist sees VAT refunds as low priority compared to improving visitor experience

Tourists are seen at the beach of Boracay island, Aklan province. — PHILIPPINE STAR/KRIZ JOHN ROSALES

By John Victor D. Ordoñez, Reporter

THE GOVERNMENT must work on improving the tourist experience at the country’s airports and immigration counters to develop the tourism industry, economists said, as the Senate debates a value-added tax (VAT) refund mechanism for visitors.

Foundation for Economic Freedom President Calixto V. Chikiamco said developing health facilities in tourist spots and doing away with cumbersome immigration processes will likely help the tourism industry grow more than tax rebates, since many visitors don’t come here to shop.

“Government would be better off focusing on improving tourism infrastructure and access,” he said via Viber.

“Improving tourists’ experience with our airports and immigration, making sure that there are health facilities in tourist spots, and visa waivers for certain nationalities would do more to improve tourism than giving tourists tax rebates on their purchases,” he said.

Senators have started floor debate on Senate Bill No. 2415, which aims provide non-resident tourists VAT refunds for purchases worth at least P3,000, to encourage more visitor spending.

The House of Representatives approved its version of the measure on third and final reading on March 6, 2023.

The Department of Tourism (DoT) is targeting 7.7 million international tourist arrivals this year.

As of Aug. 7, the Philippines has received 3.62 million inbound visitors, with 92% of them foreigners, the DoT said in statement on Aug. 8.

“It is important to align with the best practices of other neighboring countries or other countries around the world on the effective implementation of tax refunds or tax-free purchases for foreign tourists,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said via Viber.

Under the bill, the Secretary of Finance upon the recommendation of the Internal Revenue commissioner and the Tourism secretary, is authorized to adjust the P3,000 threshold based on inflation, administrative costs, and other market conditions.

Maria Eleanor L. Roque, tax principal of P&A Grant Thornton, said that if the bill is passed, the government must ensure only tourists avail of the refund and ensure the strict inspection of products bought.

“The VAT refund mechanism will encourage tourists to buy goods here in the Philippines because it can be cheaper to buy here compared to other countries with no refund mechanism,” she said via Viber message.

Roehlano M. Briones, a senior research fellow at the Philippine Institute for Development Studies, said the measure is unlikely to boost VAT collections.

“It will marginally boost tourist spending but not VAT collections,” he said via Viber.

Visitor spending was estimated at P323.68 billion in the first seven months, according to the DoT, exceeding the year-earlier total of P285.99 billion.

South Korea topped the list of visitor source countries with 960,809 arrivals, followed by the US with 590, 891.

Balancing act: Asia-Pacific CEOs embrace cautious optimism

IN BRIEF: 

• Despite headwinds, 55% of APAC CEOs feel optimistic about their company’s revenue growth and 61% remain confident in profitability. 

• The green imperative has moved from mere lip service to priority, with nearly half (49%) of CEOs now seeing it as more critical than a year ago. 

• More than half (54%) of Asia-Pacific CEOs target mergers and acquisitions, far surpassing their counterparts in the Americas (36%) and Europe (40%).

The convergence of market dynamics, policy changes, and geopolitical tensions is forging a wave of cautious optimism among Asia-Pacific businesses. Following a period of spiraling costs of business and a significant drop in mergers and acquisitions (M&A) to multiyear lows in the region, the persistent challenges in the economy and of geopolitical uncertainties have dampened earlier expectations of faster recovery. Initially brimming with bullishness in early 2024, CEOs and investors are now recalibrating their forecasts to consider a more conservative view.

Reflecting the region’s more measured outlook, the Philippines earlier revised its own GDP growth forecast to a more conservative 6-7%, down from the previous 6.5-7.5% projection. The National Economic and Development Authority (NEDA) also raised the budget deficit ceilings until 2028 to provide greater flexibility in funding government infrastructure programs.

Despite these headwinds, 55% of CEOs feel optimistic about their company’s revenue growth, and 61% remain confident in their profitability, as revealed by the latest 2024 EY CEO Outlook Pulse survey.

The report surveyed 340 CEOs and 100 institutional investors across Asia-Pacific and found that CEOs are reworking their strategic playbooks. From mere business expansion goals a year ago, businesses in the region are now zeroing in on strategic investments in innovation and sustainability to achieve long-term resilience and better prepare for the future.

However, while investors are keen to support genuine sustainability efforts, they also demand strategies that deliver long-term financial value. Achieving both the desired sustainability impact and positive financial benefits remains crucial to both CEOs and investors.

Here are the key findings from the survey, providing salient insights for Philippine businesses.

COMPETITIVE EDGE THROUGH TECHNOLOGY AND SUSTAINABILITY
With AI’s potential to boost productivity and provide a competitive edge, over a third (39%) of Asia-Pacific CEOs are prioritizing advanced technology, including AI, in their strategies for the next 12 months.

 To navigate the complexities of the digital landscape and ensure they reap the full benefits of advanced technology, 35% of CEOs are also focusing investments in data management and robust cybersecurity. Over two-thirds of CEOs (68%) and investors (70%) believe that technology and AI can seamlessly bridge short-term financial goals with long-term sustainability.

Meanwhile, over the next three years, CEOs are focusing their agenda on sustainability, with 49% of CEOs now seeing it as even more critical than a year ago.

This shift to prioritize the green imperative rather than pay mere lip service is fueled by rising consumer demand for sustainable practices that extend beyond the point of sale. While consumers may balk at a “green premium,” they still expect companies to implement comprehensive sustainability strategies across their supply chains. 

STRONGER PUSH FOR GREATER GOVERNMENT ACTION
Asia-Pacific CEOs and investors stress the need for governments to take coordinated and consistent action to combat climate change, calling for greater infrastructure investment to spur regional growth and support the energy transition.

 A key barrier they emphasized is the region’s lack of sophisticated public-private partnerships and innovative funding models.

 While many Asia-Pacific CEOs are pleased with current government infrastructure efforts, a vocal minority calls for more robust actions. They see subsidies, tax incentives, and direct investments as crucial for regional growth and energy transition, whereas mandatory reporting standards and financial penalties are less favored.

 Moreover, Asia-Pacific CEOs show willingness to accept tighter profit margins and higher costs to protect domestic manufacturing, though their commitment to such sacrifices is more cautious compared to leaders in other regions.

M&AS TO ACCELERATE TRANSFORMATION
Asia-Pacific CEOs are seizing new opportunities through mergers, acquisitions, divestitures, and strategic alliances to advance their transformation agendas.

 Nearly all (99%) are planning or considering transactions this year, with 54% targeting mergers and acquisitions, far surpassing their counterparts in the Americas (36%) and Europe (40%).

 To ensure that sustainability is not just a box to tick but a core component of their strategic growth plans, companies are embedding sustainability considerations into their M&A framework. This forward-thinking approach aligns with the triple bottom line principle, balancing people, planet, and profit for long-term success.

THREE STRATEGIC ACTIONS
The following are strategic actions CEOs can take to balance immediate productivity and profitability goals with long-term imperatives to ensure sustainable business growth and climate action alignment:

Strength in numbers. By working together, e.g., by way of partnerships or strategic collaboration — particularly given the continuing challenges in the market — companies can have better access to the necessary funding and support from investors and governments to accelerate their transition toward more sustainable operations.  

Pursue public-private partnerships. When governments are deciding sustainability policy, CEOs, as key stakeholders, must actively engage with them. They are well-informed and ideally placed to advise on the most effective mechanisms to support policy objectives while minimizing economic downsides.

Tell a better story. Investors are broadly positive about the outlook for dealmaking. However, they emphasize the need for companies to articulate why acquisition returns will surpass organic investments. They also want to see how integrated sustainability initiatives drive long-term value.

Given the need for APAC CEOs to balance short-term productivity and profitability with longer-term imperatives, close collaboration and dialogue between companies, investors and governments will be key to sustaining economic growth while also addressing climate risk concerns.

This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. The views and opinion expressed above are those of the author and do not necessarily represent the views of SGV & Co.

 

Noel P. Rabaja is the strategy and transactions leader of SGV & Co.

Marcos slams Chinese Air Force’s ‘illegal,’ ‘reckless’ attacks at shoal

PHILIPPINE STAR/ MICHAEL VARCAS

PHILIPPINE President Ferdinand R. Marcos, Jr. on Sunday condemned the Chinese Air Force’s “illegal and reckless” attacks on a Philippine military plane patrolling over a traditional fishing ground in the South China Sea that is within Manila’s exclusive economic zone (EEZ).

The Philippine Air Force (PAF) aircraft was undertaking a routine maritime security operation in “Philippine sovereign airspace,” the Philippine president palace said in a statement after the military reported that Chinese fighter jets had fired flares into the path of its plane patrolling over Scarborough Shoal.

“The actions of the People’s Liberation Army-Air Force aircraft were unjustified, illegal and reckless,” the palace said. Mr. Marcos “stands by our brave men and women of the Armed Forces of the Philippines, especially the PAF.”

“We have hardly started to calm the waters, and it is already worrying that there could be instability in our airspace,” it said. “The Philippines will always remain committed to proper diplomacy and peaceful means of resolving disputes.”

It urged China to “demonstrate that it is fully capable of responsible action, both in the seas and in the skies.”

The Philippine military on Saturday said China’s air force conducted “dangerous and provocative actions” on Thursday against one of its planes patrolling over Scarborough, a traditional fishing ground in the South China Sea that China has controlled since 2012.

Military chief Romeo S. Brawner, Jr. said Chinese fighter jets, which fired flares into the path of the PAF plane, “endangered the lives of our personnel undertaking maritime security operations.”

The Chinese fighter jets “interfered” with lawful flight operations and “contravened” international rules on navigation safety, he said in a statement.

The Philippine Air Force pilot and crew were unharmed and safely returned to an air base in northern Philippines.

Philippine Senate President Pro-Tempore Jose “Jinggoy” P. Estrada, Jr. said the Chinese Air Force acts violated international law, calling it “reckless and provocative.”

“This recent incident is a blatant violation of international aviation safety standards and the rights of all nations to carry out lawful maritime operations,” he said in a statement.

“We will not be intimidated,” Mr. Estrada said. “We will continue to defend our sovereignty with resolve and determination while remaining committed to upholding the rule of law and promoting peace in the region.”

He urged the Chinese government to stop its aggression in the waterway, saying Beijing should follow international law.

The Chinese side on Saturday said it “organized naval and air forces to lawfully” drive away the Philippine plane after “repeated warnings,” describing its operations as “professional, standard, legitimate and legal.”

“We warn the Philippine side to immediately stop its infringement, provocation, distortion and hype,” the Chinese People’s Liberation Army’s Southern Theater Command said in a statement, accusing the Philippine military of “disturbing” its activities in the area.

Confrontations between the two nations in the South China Sea have mostly involved their navy and coast guard vessels.

The Philippine military said it had reported the incident to the Department of Foreign Affairs and other agencies.

“We reaffirm our commitment to exercise our rights in accordance with international law, particularly UNCLOS (United Nations Convention on the Law of the Sea) and the Chicago convention.”

China has controlled Scarborough, which falls within the Philippines’ exclusive economic zone but is also claimed by several other countries, in 2012 after maintaining constant coast guard presence there, according to the Asia Maritime Transparency Initiative.

It is 240 kilometers west of the main Philippine island of Luzon and nearly 900 kilometers from Hainan, the nearest major Chinese landmass.

China claims almost the entire South China Sea, including parts claimed by the Philippines, Brunei, Malaysia, Taiwan and Vietnam.

‘SAFETY OF NAVIGATION’
The Chinese Air Force’s acts happened a day after Beijing conducted a combat patrol near Scarborough Shoal to test its troops’ “strike capabilities.”

Mr. Marcos has pursued closer security ties with the United States and other Indo-Pacific powers amid China’s increasing expansionism.

The naval and air force units of the Philippines, US, Canada and Australia held war games within the Philippines’ EEZ on Aug. 7 and 8, which the countries said were in line with international law and the “safety of navigation and the rights and interests of other states.”

The four nations reaffirmed a 2016 arbitral award that voided China’s expansive claims in the South China Sea as a “final and legally binding decision,” and cited their commitment to uphold a “rules-based” order.

The drills came days after the Philippine military said at least 122 Chinese ships including a research vessel and the world’s largest coast guard ship had been operating in Philippine waters from July 30 to Aug. 4, up from 104 a week earlier.

The country recently held two separate bilateral joint sails with the US and Japan. The three countries along with Australia held similar sails last year.

In June, Canada joined a maritime cooperative activity with the Philippines, the US and Japan, which sealed a reciprocal access agreement with Manila in July. The Philippine Senate has yet to approve the deal.

Canada, which has given the Philippines access to its dark vessel detection technology, is also eyeing a military deal with Manila.

Philippine Navy spokesman for the West Philippine Sea Roy Vincent T. Trinidad on Aug. 6 said China has reclaimed 3,000 hectares within the Philippine EEZ. He said Beijing has transformed Subi, Mischief and Johnson reefs into major military bases.

The Philippine fishery has inspected China-occupied Subi Reef aerially, detecting several high-rise buildings and an airstrip.

Subi, which is just 12 nautical miles from the Philippine-occupied Thitu Island, is one of the three largest man-made islands built by China within the Philippine EEZ. The others are Fiery Cross Reef and Mischief Reef. — Kyle Aristophere T. Atienza and John Victor D. Ordoñez

VP won’t get free pass at budget hearings

PNA PHOTO BY ALFRED FRIAS

THE OFFICE of the Vice-President (OVP) should explain at a budget hearing of the House of Representatives what happened to its P125-million confidential fund in 2022, congressmen said at the weekend.

Vice-President (VP) Sara Duterte-Carpio should also attend the budget hearing this week so congressmen could ask her questions, Manila Rep. Joel R. Chua said in a Viber message.

“It would be best that we wait for the Vice President to attend the budget hearings in person and present her office’s 2025 budget so House Members can pose their questions,” he added.

The House appropriations committee should examine Ms. Duterte-Carpio’s pet projects and her previous budgets aside from scrutinizing her office’s proposed 2025 budget, Mr. Chua said in a statement last week.

“When the… budget is tackled soon at the House, she should no longer be given a free pass,” he said. “Her… budget must be scrutinized for every [peso] spent,” he said in mixed English and Filipino.

The OVP did not immediately reply to an e-mail seeking comment.

Deputy Minority Leader and Party-list Rep. France L. Castro said Ms. Duterte-Carpio’s P125-million confidential fund for 2022 is an unfinished issue. “It has not been resolved yet, after she was unable to explain where and how she spent the money,” she said in a Viber message in Filipino.

Ms. Duterte-Carpio resigned from the Cabinet of President Ferdinand R. Marcos, Jr. last month amid a growing political rift between their families.

Last week, she took a swipe at the government, saying “Filipinos, deserve more than what we are hearing and seeing from the government right now.”

The OVP has proposed a P2-billion budget for next year, according to the 2025 National Expenditure Program, 7% lower than what it got this year.

Her quitting the Cabinet made the OVP’s budget open to congressional scrutiny, Hansley A. Juliano, who teaches political science at the Ateneo de Manila University, said in a Facebook Messenger chat.

“The Office of the Vice President has respect insofar as the Vice President… has a Cabinet portfolio,” he said. “When the Vice-President breaks rank, it’s a political risk… In this case, why should Sara Duterte be given leeway [in the budget hearings]?” — Kenneth Christiane L. Basilio

Low-carbon economy bill hurdles House committee

PIXABAY

A HOUSE of Representatives committee last week approved a bill that will force companies to take part in the government’s decarbonization plans, aligning the Philippines with a United Nations (UN) agreement limiting global temperatures from rising by more than 2°C this century.

The climate change committee approved an unnumbered substitute bill that seeks to limit companies’ greenhouse gas emissions.

The measure creates a carbon pricing framework that requires companies exceeding government-set emission targets to spend or invest in environmental sustainability projects to offset their carbon footprint.

“It not only sets a clear policy direction for decarbonization but also provides businesses with the tools and flexibility to achieve these goals in a way that supports economic growth,” Bohol Rep. Edgar M. Chatto said in a statement last week.

“The bill encourages investments in low-carbon technologies that can deliver cost efficiencies for businesses, while significantly reducing their environmental impact,” he added.

The Philippines loses 3% of its economic output yearly due to climate change, according to a Swiss Re Group statement in February.

Under the House bill, companies can choose their decarbonization initiatives, including the ability to invest in their own low-carbon projects, jointly investing with other businesses to fund companies creating low-carbon technologies and equity investments in enterprises that specialize in environmental sustainability.

“The bill’s flexibility is designed to empower businesses to choose the most effective and economically viable path to decarbonization, whether through direct investments in their operations or by supporting broader industry-wide initiatives,” the House climate change committee said.

The measure seeks to encourage investments in sustainable technology companies, enabling economic growth and innovation, Bukidnon Rep. Jose Manuel F. Alba said in the same statement.

It also creates a domestic carbon market, allowing Philippine companies to sell, trade or buy carbon credits for their operations.

“The bill provides enabling measures to support investments… facilitating access to carbon markets and international climate finance, which can help de-risk investments and make them more profitable,” according to the statement. — Kenneth Christiane L. Basilio

CA issues ruling on Verde Island

PHILSTAR FILE PHOTO

THE COURT of Appeals (CA) has partially granted a petition that seeks to compel the Environment department to identify polluted areas and implement programs to prevent further environmental degradation at the Verde Island Passage, which is part of the so-called Coral Triangle.

The court, however, dismissed a plea by environmental groups to prohibit the issuance of new discharge permits and environmental compliance certificates to power plants operating around the marine corridor, citing lack of jurisdiction and violation of court hierarchy.

“The Court acknowledges the need to safeguard bodies of water from imminent threats that may endanger both the rich marine biodiversity and the sustenance and economic well-being of the populace,” the court said in a 59-page decision written by Associate Justice Rafael Antonio M. Santos.

Environment Secretary Maria Antonia Yulo-Loyzaga did not immediately reply to a text message seeking comment.

The Verde Island Passage, a marine-rich strait separating the islands of Luzon and Mindoro, provides food and livelihood to about 2 million Filipinos, according to Conservation International. — Kenneth Christiane L. Basilio

LGUs told to tap ‘survival fund’

LOCAL government units (LGUs) should ask for funding from the People’s Survival Fund so they could build rainwater harvesting systems in their local communities in preparation for the rainy season, a lawmaker said on Sunday.

The People’s Survival Fund is a P1-billion fund included in the proposed 2025 national budget. It is meant to fund the construction of natural disaster resilience infrastructure, helping communities deal better with climate change.

“[It is a] special fund that provides subsidies to climate change adaptation and natural disaster resilience strategies, including… the installation of practical rainwater collectors,” Makati Rep. Luis Jose Angel N. Campos, Jr. said in a statement.

“We all have to get used to stockpiling rainwater during the wet season so that everybody can have access to extra freshwater supplies during dry conditions,” he added.

The National Government allotted P30 billion for its nationwide disaster risk reduction program aside from the People’s Survival Fund. — Kenneth Christiane L. Basilio

Bill eyes Samar Island Region

A CONGRESSMAN last week filed a bill that seeks to combine the provinces of Samar Island in central Philippines into one region as part of efforts to improve National Government administration.

House Bill No. 10727 will consolidate the provinces of Northern Samar, Samar and Eastern Samar into one Samar Island Region to boost support for the region, Party-list Rep. Marcelino C. Libanan said in a statement on Sunday.

“Our measure… will expedite the dispensing of National Government services to the communities of the three Samar provinces,” he said. “They will also have their own highly focused Regional Development Council to drive economic growth and job creation.” — Kenneth Christiane L. Basilio

More PhilHealth benefits sought

PHILHEALTH 2017 AR

A CONGRESSMAN last week filed a resolution urging state-controlled Philippine Health Insurance Corp. (PhilHealth) to increase by 30% all its benefit packages and coverage amid its transfer of P89.9 billion in unused funds to the National Government.

Party-list Rep. Wilbert T. Lee in House Resolution No. 1900 asked PhilHealth to increase its benefits and adding health packages, including diagnostic and laboratory tests,

PhilHealth has enough money to provide these he said in a separate statement on Sunday, citing its excess funds.

“PhilHealth shall serve as the national healthcare provider and not as an investment powerhouse,” he said in a statement. “It is mandated and obliged to utilize most of the funds to increase the program’s benefits and decrease the amount of members’ contributions.”

“It is best for the interest of the beneficiaries and contributors of the National Health Insurance Program to increase all benefit packages and coverage of PhilHealth to ultimately lower the out-of pocket costs of Filipinos for their healthcare needs,” he added. — Kenneth Christiane L. Basilio