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Disney’s Peter Pan, Aristocats get racism advisories

LOS ANGELES — Classic Disney animated movies Peter Pan, The Aristocats, and Dumbo have been given content advisory notices warning viewers that they contain outdated or stereotyped depictions of people of color.

The advisories, the latest example of Hollywood’s reckoning with racism, come in the form of a short graphic on the Disney + streaming service as some of the older films are selected for viewing.

“This program includes negative depictions and/or mistreatment of people or cultures,” the on screen advice reads.

“These stereotypes were wrong then and are wrong now. Rather than remove this content, we want to acknowledge its harmful impact, learn from it and spark conversation to create a more inclusive future together,” it adds.

Disney said on its website that the advisories were part of a review of its library content.

The movie studio said that the 1953 film Peter Pan refers to Native people as “redskins” and that the dancing in headdresses by Peter and the Lost Boys is a “form of mockery and appropriation of Native peoples’ culture and imagery.”

For the 1970 film The Aristocats, the advisory refers to one of the felines, noting that it “sings in poorly accented English voiced by a white actor and plays the piano with chopsticks.”

Other movies dating back to the 1950s, 1960s, and 1970s with the new warning include The Lady and the Tramp, Swiss Family Robinson, and The Jungle Book.

Earlier this year, amid massive nationwide protests over police brutality and racial injustice, the Civil War era film Gone With the Wind was briefly pulled from the HBO Max streaming service.

It reappeared two weeks later with a commentary about the brutality of slavery. — Reuters

Golden Haven sees surge in value of memorial lots

INVESTING in memorial lots can provide high returns in the future, according to Golden Haven, Inc.

“As with any piece of real estate, memorial lots at Golden Haven increase in value over time. With an annual appreciation of 20%, investing in Golden Haven lots now will grant you high returns in the immediate future,” the Villar-led company said in a statement.

When its 15-hectare memorial park in Las Piñas opened in 1984, Golden Haven said a memorial lot cost just P5,000. Now, a memorial lot in the same park costs P378,000.

Golden Haven Cebu opened in 2005 with a memorial lot going for P25,000. Now, a lot at Golden Haven Cebu costs P232,000, “an increase of over 828% in value or a 46% increase per annum,” the company said.

Golden Haven Memorial Park in Cagayan de Oro offered lots for only P33,000 when it opened in 2007, and now it costs P89,000.

Golden Haven, a subsidiary of listed Golden Bria Holdings, Inc., currently has 30 sites around the country.

Globe deploys school buses with WiFi in Manila

GLOBE TELECOM, Inc. announced on Monday the deployment of school buses equipped with special antennas to provide WiFi signal to residents in at least nine areas in Manila from 7:00 a.m. to 7:00 p.m. from Monday to Sunday.

The areas covered by the project are Pasaje del Carmen St., Remigio St., 853 Gonzalo Gil Puyat St., 924 Bilibid Viejo St., Tomas Mapua St., Alfonso Mendoza St., Dalupan St., Oroquieta St., and Basco St. in Manila, Globe said at a virtual launch event on Monday.

The use of the WiFi service, according to Globe, will be free for the first hour for public school students and teachers who were provided 289,000 Globe SIM cards.

“Through the School Bus WiFi campaign, Globe also extends support to school bus operators whose main source of livelihood was put at stake by the pandemic,” Globe said. 

Globe announced last week that it is planning to install about 800 cell sites in the last three months of the year as part of its network expansion.

The mobile network operator added it intends to put up at least 319 cell sites in Metro Manila and Rizal and 100 cell sites in Bulacan, Pampanga, and Pangasinan.

The company has also committed to put up 190 cell sites in the Visayas and 166 in Mindanao.

“Against the backdrop of COVID-19 (coronavirus disease 2019), internet access has become a lifeline more than a luxury.  Internet access is needed by students to pursue online education, by workers to continue earning a living while working from home, by families to stay connected with each other,” said Jaime Augusto Zobel de Ayala, Ayala Corp. chairman and chief executive officer, and Globe chairman.

“With Globe’s School Bus WiFi in the City of Manila, we are able to help in ensuring that residents have access to affordable WiFi connectivity.  We look to partner with other local governments to expand this initiative,” he added.

Ernest L. Cu, Globe president and chief executive officer, said the project is a product of Globe’s innovation that will not only provide the industry with a new opportunity, but will also “bring connectivity to students and communities in areas that need it most.” — Arjay L. Balinbin

Gov’t makes full award of Treasury bills

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as the rates mostly inched down on the back of strong liquidity in the financial system.

The Bureau of the Treasury (BTr) awarded P20 billion in T-bills as programmed yesterday as the offering was more than thrice oversubscribed, with total tenders amounting to P68.962 billion.

Broken down, the BTr borrowed P5 billion as planned via the 91-day T-bills, with tenders reaching P21.87 billion. The three-month debt fetched an average rate of 1.086%, inching down by 0.2 basis point (bp) from the 1.088% logged in the previous auction.

The Treasury likewise awarded the programmed P5 billion in 182-day debt papers as bids for the tenor amounted to P21.632 billion. The six-month papers were quoted at an average rate of 1.597%, slipping by 0.1 bp from the 1.598% seen in the previous offering.

Lastly, the government made a full P10-billion award of 364-day securities as tenders totaled P25.46 billion. The average rate of the one-year papers settled at 1.793%, unchanged from the previous auction.

The Treasury also opened its tap facility to borrow an additional P5 billion via the 364-day T-bills as the government looks to boost its coffers to fund relief measures against the coronavirus pandemic.

National Treasurer Rosalia V. de Leon said in a Viber message to reporters after Monday’s auction that yields on the T-bills were mostly steady as “liquidity remains strong” among investors.

Ms. De Leon said investors are “looking for redeployment outlets, with interest on the front end of the curve.”

A trader said investors are still waiting for stronger indicators of economic stability which could justify lower yields on government debt.

“The results were well within expectations. This is mainly due to the market putting their excess cash to work given the uncertainties surrounding the pandemic,” the trader said via Viber.

Another trader said the sideways movement of yields on the T-bills were “rollovers” from the steady demand for short-term debt papers.

Meanwhile, Ms. De Leon yesterday said the Treasury will issue Premyo bonds anew next month to raise some P3 billion in fresh funds. She said the bonds will have a tenor of one year.

“You will be after the prizes, not coupon. Tenor is only one-year so rate [will still be] better than time deposit,” she said.

Premyo bonds are part of the government’s bid to attract more small investors to invest in government securities. Last year, the BTr raised P4.961 billion from the sale of one-year peso-denominated Premyo bonds, up from its initial offer of P3 billion.

Premyo bonds are government securities that have corresponding raffle numbers for cash and non-cash prizes, aside from earning interest. The minimum investment for the bonds stands at just P500 and can be bought in multiples. One Premyo bond is equivalent to one raffle ticket.

There were 232 winners during the first Premyo bonds draw held in June this year.

Finance Secretary Carlos G. Dominguez III said in a statement yesterday that the next Premyo bond issuance will be available through the Bonds.PH app.

On Tuesday, the BTr will auction off reissued 10-year Treasury bonds (T-bonds) worth P30 billion. The debt instruments have a remaining life of four years and 10 months.

The Treasury is looking to raise P140 billion from the domestic market this month: P80 billion in weekly T-bill auctions and P60 billion in fortnightly T-bond auctions.

The government wants to borrow around P3 trillion this year from local and foreign lenders to help fund its budget deficit expected to hit 9.6% of the country’s gross domestic product. — KKTJ

Entertainment News (10/20/20)

Podcast on Joey Ayala out

THE FILIPINAS Heritage Library and the OPM Archive will release MUNI-MUNI STORIES: A Podcast on Filipino Music Episode 3: Joey Ayala | Karaniwang Tao on Oct. 23, 6 p.m., on Spotify and Apple Podcasts. In this episode, the podcast host talks with Joey Ayala about his beginnings, the importance of music spaces, his song-writing process, and the need to tell stories through writing. Also discussed is the importance of cross-collaborations, the anatomy of some of his songs: “Walang Hanggang Paalam,” “1896” and “Karaniwang Tao”; while weaving his perspectives regarding the role of artists and their legacies. Muni-Muni Stories is a project of the Filipinas Heritage Library, together with the OPM Archive which serves as a love letter to the heritage of Filipino music. It is an offshoot of the curated playlists of the library, Muni-Muni Muna and Muni-Muni Muli, which were introduced during the initial months of the quarantine. The first season of Muni-Muni Stories features 12 episodes, each to be aired monthly from September to March 2021. Other artists on the roster include Raimund Marasigan, The CompanY, and Bayang Barrios. Currently available is Episode 1 with Celeste Legaspi, who talked about her song “Saranggola ni Pepe” and Episode 2 with Pia Magalona and Saab Magalona-Bacarro who provide insights into the life and legacy of the late Francis M. For updates regarding the episode upload schedules, visit Filipinas Heritage Library and the OPM Archive on Facebook.

Freestyle, Robert Seña to headline free online concert

POP and R&B band Freestyle and indie alternative band She’s Only Sixteen’s frontman and rhythm guitarist Robert Seña will headline the nostalgia-themed UNITE 2020, an online concert that is free and open to the public. Launched by the De La Salle-College of Saint Benilde to welcome its students, the night promises to bring memories of previous UNITE events and provides an opportunity for other spectators to experience and witness the creativity, talent, and unity of the community. It will likewise showcase a series of special throwback performances by homegrown talents and indie musical acts Kyla and Jam, The Strays, Why July, Nobody’s Home, Tala and Matt Murillo. The affair will feature numbers from the internationally acclaimed Saint Benilde Romançon Dance Company and hit mixes by DJ Mohit and DJ Rammy. UNITE 2020 will go live on Oct. 30, 6 p.m., on the official Facebook page of the Benildean Student Trainers at: https://www.facebook.com/StudentTrainers/.

Mitch & Mel Online ‘Ohayo’

JOIN the inimitable commedienne Mitch Valdes and musical director Mel Villena in a half hour of stories and music delivered into your homes via Zoom on Oct. 24, 6 p.m. (Philippine time) and 7 p.m. (UTC-7). “Ohayo” is the title of the first episode with Valdes sharing stories of growing up in Japan and the culture shock of re-entry to life in the Philippines. This is the first of many episodes providing an antidote for our times. Get access (P600 advanced, P750 on the day of the show) via TicketWorld.

Rush Hour Concerts: The Best of OPM with MSO

IN the midst of the pandemic, the Manila Symphony Orchestra (MSO) continues with its popular Rush Hour series of concerts, this time online. On Oct. 30, 6-7 p.m., via Zoom, the MSO will perform symphonic renditions of the Best of OPM (Original Pilipino Music) from the 1970s to the 1990s, from the hits of Ryan Cayabyab up to the Eraserheads. Rush Hour Online is supported by Avida for their 30th Anniversary Celebration. Started in 2013, the Rush Hour series was initiated by the MSO to reintroduce themselves to the public by performing at the Ayala Museum during rush hour. It also aimed to provide the community a brief but enriching respite and sanctuary from the traffic and throngs of commuters that define their daily lives. Proceeds from the online event will support Ayala Foundation’s student scholars online access allowance for one school year. Get access (regular tickets are P1,200, while discounted tickets for seniors, PWD, and students is P850) via TicketWorld.

Food Lore: ‘Island of Dreams’ bags 2 awards

ERIK Matti’s Food Lore: “Island of Dreams” and Angeli Bayani brought home the Best Single Drama/Telemovie/Anthology Episode — Philippines and Best Actress in a Leading Role — Philippines respectively during the announcement of the 2020 national winners by the Asian Academy Creative Awards (AAA) in a livecast in Singapore. “Island of Dreams,” was the pilot episode of the HBO Asia anthology Food Lore. Matti also won Best Director of a Scripted TV Program and Food Lore bagged the Best Asian Drama for Regional/International Market category in the ContentAsia Awards last August. Other episodes of Food Lore that were recognized in the AAA awards are “He Serves Fish, She Eats Flower” for Best Cinematography (Vietnam), “Life in a Box” for Best Direction (Japan) and “Maria’s Secret Recipe” for Best Single Drama/Telemovie/Anthology Episode (Indonesia). Food Lore can be streamed exclusively on HBO GO. HBO GO is available via SKYCable and Cignal or at https://www.hbogoasia.com/.

Richard Juan teaches Cantonese

THIS year, Hong Kong Tourism Board (HKTB) has launched its “100 Reasons to Miss Hong Kong” campaign, allowing Filipinos to reminisce about the things they have come to love about the city — from food and shopping, to outdoor activities and its nightlife. To get people ready for their next trip to Hong Kong once travel is allowed again, Filipino-Chinese TV personality Richard Juan — who was born in the Philippines but grew up in Hong Kong — will be teaching some essential Cantonese phrases in a two-episode series, Missing Hong Kong with Richard Juan. He will be joined by reality star Baninay Bautista and Deni Rose Afinidad-Bernardo, the Senior Editor for Lifestyle and Entertainment for Philstar.com. The show will air on Juan’s Facebook page on Oct. 23 and Nov. 6.

K-pop dance tutorials online

K-POP dance party at home is set to be as easy as one to three as the Korean Cultural Center in the Philippines (KCC) teams up with K-Pop Dancing Diva Dasuri Choi to bring the party into the Filipino homes starting Oct. 16 until November. The KCC will be giving free energetic and thematic dance tutorials courtesy of Dasuri featuring six popular K-Pop groups. Divided into five themes namely: Boy Crush, Femme Fatale, Energy Pop, Legendary Idols and K-Pop Rookies, the K-Dance Party! will feature the songs of idol groups’ BTS, Hwasa, Oh My Girl, Seventeen, Super Junior, and Itzy. After mastering the dance tutorials, K-Pop fans can also win K-Pop albums and other exclusive K-Pop merch and KCC goodies, when they join the K-Dance Party! Cover Dance Challenge. By uploading their creative dance covers of their chosen songs on SNS, six winners — one each theme — will be chosen by KCC. Submission of entries for K-Dance Party! Cover Dance Challenge will be from Nov. 1 to 13. K-Dance Party! Cover Dance Challenge is part of KCC’s ongoing Korea At Home Campaign, which aims to bring a holistic Korean culture experience into the Filipino homes during his pandemic. Catch K-Dance Party! exclusively on KCC Philippines’ YouTube Channel every Friday and Sunday at 5 p.m. Follow Korean Cultural Center in the Philippines on Facebook and @kccphil on Instagram and Twitter for more updates about the K-Dance Party! Cover Dance Challenge and other KCC events and activities.

CPG project brings resort living to San Fernando

CENTURY PROPERTIES Group, Inc. (CPG) is bringing resort living to San Fernando, Pampanga with its new condominium project.

The Resort Residences at Azure North is patterned after CPG’s Azure Urban Resort Residences in Parañaque City. The condominium complex features a resort-inspired design and swimming pools including a wave pool.

Azure North is located at the San Fernando exit of the North Luzon Expressway, and near malls, schools and churches.

“With more homeowners considering moving outside of Metro Manila to settle down for good, Azure North is an ideal choice if you’re after a good location, high-quality condo units, and a resort lifestyle,” the company said in a statement.

CPG offers a virtual tour of Azure North and the available units on www.azurenorth.com.ph.

Philippines ranks at the bottom third in terms of commitment to reducing inequality — Development Finance Int’l and Oxfam

Philippines ranks at the bottom third in terms of commitment to reducing inequality — Development finance int’l and Oxfam

How PSEi member stocks performed — October 19, 2020

Here’s a quick glance at how PSEi stocks fared on Monday, October 19, 2020.


Shares rise as government eases lockdown rules

By Denise A. Valdez, Senior Reporter

LOCAL SHARES bounced back on Monday after dismal trading last week, lifted by optimism on the relaxation of lockdown rules and hopes that the national budget for 2021 will be passed on time.

The 30-member Philippine Stock Exchange index (PSEi) rose 120.79 points or 2.04% to end the session at 6,019.26. The broader all shares index likewise expanded 59.12 points or 1.65% to close at 3,641.03.

The PSEi’s growth on Monday is its largest movement since Sept. 7, when it grew 150.76 points or 2.61% to close at 5,935.85.

“The PSEi started the week with a substantial rally as investors got a boost of confidence from the easing of restrictive quarantine measures,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an email.

The government will start allowing non-essential outbound travel by Oct. 21 in an effort to boost the economy after seven months of lockdown. It is also encouraging people to start going out while maintaining safety protocols, hoping to strike a balance between containing the spread of the coronavirus and fuelling consumer spending.

“Concerns of a plateau in the pace of the economy’s recovery have been diminished by the recent developments. Blue chip mall operators Ayala Land, Inc. and SM Prime Holdings, Inc. also got a boost after they were given the go signal to hold sales and other marketing activities which will increase foot traffic,” Mr. Mangun said.

“(Monday’s) gains make the PSEi one of the best performers in Asia. It may continue higher towards its next resistance of 6,165 before the end of the week,” he added.

“I think the market reacted positively on the passing of the 2021 national budget in the lower house, and thus the odds of passing of the budget in time would be high,” Piper Chaucer E. Tan, research associate at Philstocks Financial, Inc., said in a text message.

All sectoral indices closed in green territory: mining and oil jumped 318.43 points or 4.30% to 7,716.64; holding firms grew 183.08 points or 3.03% to 6,218.50; property increased 61.33 points or 2.21% to 2,836.59; industrials improved 107.42 points or 1.34% to 8,123.98; financials added 7.72 points or 0.65% to 1,185.44; and services climbed 7.91 points or 0.54% to 1,449.96.

Value turnover stood at P5.44 billion on Monday, slightly lower than Friday’s P5.64 billion. Some 2.48 billion issues switched hands.

Advancers outnumbered decliners, 125 against 76, while 46 names ended unchanged.

Overseas investors have been posting net outflows for 27 straight days, despite net selling declining to P614.46 million on Monday from P972.17 million in the last session.

“Foreign funds are still exiting… The locals are the main participants for the rally for the market,” Mr. Tan said.

Peso climbs on eased public transportation rules, US stimulus talks

THE PESO strengthened on Monday after the government eased public transportation rules within Metro Manila and as opposition lawmakers in the United States said they expect a deal on a fresh stimulus fund by this week.

The local unit closed at P48.60 versus the dollar on Monday, rising by 2.5 centavos from its P48.625 finish on Friday, data from the Bankers Association of the Philippines showed.

The peso opened Monday’s session at P48.62 per dollar, which was also its weakest showing for the day. Its intraday best was at P48.54 against the dollar.

Dollars traded declined to $508.41 million on Monday from $587.75 million last week.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said via text that the peso rose after the Transportation department said it will gradually increase passenger capacity on trains in Metro Manila to 50% from 30% starting this week.

This will apply to trains of the Metro Rail Transit Line-3, Light Rail Transit-Line 1, Light Rail Transit-Line 2 and the Philippine National Railways, which were previously operating at 13% capacity.

A trader said in an e-mail that the peso strengthened after House Speaker and opposition member Nancy Pelosi vowed to reach a compromise with the White House by Tuesday on a stimulus meant to mitigate the impact of coronavirus disease 2019 on the world’s largest economy.

Ms. Pelosi said on Sunday that differences remained with President Donald J. Trump’s administration but that she was optimistic legislation could be pushed through before Election Day, Reuters reported.

Ms. Pelosi, the top elected US Democrat, said she wanted a bill passed before the Nov. 3 presidential election between Republican Trump and Democrat Joe Biden, but acknowledged an agreement would have to come within 48 hours for that to happen.

But with her negotiating partner, Treasury Secretary Steven Mnuchin, in the Middle East until Tuesday, a deal appears to be a long shot.

The White House proposed a $1.8-trillion stimulus last week to help Americans struggling with the economic ravages of the coronavirus pandemic. Ms. Pelosi said the offer fell short in a range of areas, including tax credits for poor people, aid to state and local governments, worker protections and rent help. She has stuck to her demand for a $2.2-trillion aid and stimulus package.

The Republicans who control the Senate are loath to pass another giant relief bill. Senate Majority Leader Mitch McConnell said the Senate would vote on Wednesday on a $500-billion proposal to target specific areas of need.

For today, Mr. Ricafort sees the peso moving from P48.55 to P48.65 versus the dollar, while the trader expects it to range from P48.50 to P48.70. — K.K.T. Jose with Reuters

Metro cuts curfew hours, eases more restrictions

METRO Manila mayors have agreed to reduce curfew hours from midnight to 4 a.m. amid a coronavirus pandemic, and may shorten these further during the holiday season.

The shorter curfew would start this week after the cities change their ordinances, Metro Manila Development Authority (MMDA) General Manager Jose Arturo S. Garcia, Jr. told an online news briefing on Monday.

Most cities in the capital region, which is made up of 16 cities and one municipality, had imposed a 10 p.m. to 5 a.m. curfew.

The mayors adopted the shorter curfew during a meeting of the Metro Manila Council on Sunday, Mr. Garcia said.

All the cities will adopt the new curfew hours except for Navotas, which is enforcing a curfew of 8 p.m. to 5 a.m., he added.

The curfew may be cut further to three hours from midnight to 3 a.m. in December as the predominantly Catholic nation prepares for night masses, Mr. Garcia said.

Mayors also raised the attendance limit in face-to-face religious services to 30% of capacity from 10%. Metro Manila has been under a general lockdown for more than two months now.

The capital region will also allow people 18 to 65 years old to go outside their homes. Before this, only those aged 21 to 60 years were allowed to leave their homes, although this had not been strictly enforced.

Allowing more people to go outside was meant to boost the economy as more sectors are reopened, Mr. Garcia said.

The Department of Health (DoH) reported 2,638 coronavirus infections on Monday, bringing the total to 359,169.

The death toll rose by 26 to 6,675, while recoveries increased by 226 to 310,303, it said in a bulletin.

There were 42,191 active cases, 83.1% of which were mild, 11.3% did not show symptoms, 2.1% were severe and 3.6% were critical.

Quezon City reported the highest number of new cases with 141, followed by Cavite with 140, Laguna with 128, Batangas with 120 and Rizal with 108.

Of the new deaths, six came from Metro Manila, four from Soccsksargen, three from Zamboanga Peninsula, and two each from Western Visayas, Eastern Visayas and the Calabarzon region.

The Ilocos region, Central Luzon, Northern Mindanao, Davao region, Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and Cordillera Administrative Region reported one death each, DoH said.

The death rate was at 1.86%, lower than the global rate of 2.77%, while the infection rate was at 9.87%, higher than the World Health Organization (WHO) benchmark of less than 5%.

The virus reproduction number in the Philippines was at 0.935 as of Oct. 4, meaning one person can infect one more person. It takes 12.35 days to double cases and 17.47 days to double deaths, the agency said.

More than 4.1 million people have been tested for the coronavirus, it added.

Also on Monday, Health Undersecretary Maria Rosario S. Vergeire said the agency was P10.5 billion short of funds for coronavirus vaccines to cover a fifth of the Philippines’ more than 100 million population.

DoH needs more than P12 billion to inoculate priority groups including health workers and the poor, told an online news briefing.

It only has allotted P2.5 billion for vaccines in its budget for next year, she added. The Department of Health (DoH) will get a P204-billion budget next year.

The cost considered two doses for each person, Ms. Vergeire said.

The Philippines has funds to buy coronavirus vaccines but it needs more so the entire population of more than 100 million could be inoculated, President Rodrigo R. Duterte said last week.

He said he would look for more funds so all Filipinos could be vaccinated. The President said he was okay with vaccines developed either by Russia or China.

Marikina Rep. Stella Luz A. Quimbo at the weekend said vaccinating 20 million Filipinos would cost almost P13 billion. She added that the proposed budget was only enough to cover 3.9 million Filipinos at a testing price of P641 each.

Some lawmakers have said intelligence funds of the Executive branch should be channelled to the health sector. — Gillian M. Cortez and Vann Marlo M. Villegas

Duterte faulted for failing to disclose worth

PRESIDENT Rodrigo R. Duterte has yet to disclose his net worth despite his vow of transparency, according to the Philippine Center for Investigative Journalism (PCIJ).

In a report published on its website on Sunday, PCIJ said its requests for the President’s wealth records had been tossed back and forth between the Office of the Ombudsman and Office of the President.

“President Duterte is breaking a long tradition of presidents making their annual wealth disclosures public year after year, often even without a formal request from the press or the public to do so,” according to the report.

“When President Duterte took office, he promised a more transparent government, but that has not happened,” it added.

Since the law requiring public officials to disclose their net worth was enacted in 1989, all five presidents before Mr. Duterte had disclosed their worth  year on year without fail, PCIJ said.

Government officials were supposed to have filed their statement of assets, liabilities and net worth for last year on April 30. The deadline was extended to June 30 amid a coronavirus pandemic.

Mr. Duterte will follow the new rules set by the Ombudsman on the disclosure of net worth, his spokesman Harry L. Roque told an online news briefing on Monday.

“We leave that to the Office of the Ombudsman, which is a constitutional body tasked with the implementation of our laws relating to public officers,” he said.

Under a memo issued by the Ombudsman in September, an official’s net worth report can only be released to his authorized representative or upon a court order related to a case. Ombudsman field investigators may also request copies of the statements.

The Ombudsman order also excludes journalists from obtaining copies of the statements.

Ombudsman Samuel R. Martires earlier told a House budget hearing he had stopped conducting lifestyle checks given vague standards in the country’s Code of Conduct and Ethical Standards for Public Officials and Employees.

Mr. Martires is a two-time appointee of Mr. Duterte. He was first appointed Supreme Court Justice in 2017 and as Ombudsman in 2018. — Kyle Aristophere T. Atienza and Gillian M. Cortez

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