Wednesday, May 5, 2021

💰 Billions in one blow, of promises and duties

Today's briefing is about contrasting occasions where billions of public funds were released expeditiously and when these came in trickles.
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PHILSTAR.COM’S WEEKDAY NEWSLETTER
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By Camille Diola

Good morning.

Today's briefing is about contrasting occasions where billions of public funds were released expeditiously and when these came in trickles.

1

 

Billions in one blow

Calls to defund the controversial NTF-ELCAC or the National Task Force Ending Local Communist Armed Conflict received 56% or 10.86 billion of its P19-billion budget in two months. Of which, P7.54 billion was released in April alone.

That's a lot of money to let out in such a short time and during a pandemic when cash aid ("ayuda") to poor families would encounter delays and when health workers have to plead for dialogue and the swift release of their benefits.

Also, we've been hearing remarks like this*:

A senator asked, what's with the rush?

For now, the NTF-ELCAC has billions to spend and billions more to receive while its two spokespersons are prohibited from speaking about the pantries. While senators deliberate on whether to defund the agency, a bill criminalizing red-tagging is also pending with them.
 

2

 

Go, fish

China's ban on fishing which started May 1 does not and should not cover areas of the South China Sea. Filipino fishermen can then go out and catch food, the National Task Force for the West Philippine Sea said.

U.P. maritime law expert Jay Batongbacal had said that encouraging local fishermen to conduct their daily activities in Philippine waters is among the non-violent ways to assert the country's sovereignty over China.

The question now is: Will the Philippine Coast Guard escort our jittery fishermen in their exercise of rights, as the professor suggests?

In other developments:

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HITTING THE MARKET

► Uptick risks hardly erased as inflation steadied in April.

PSEi plunged to its lowest level for the year.

► Senators win concessions with government on pork imports.

► Touchdown! SpaceX successfully lands Starship rocket

Metro Pacific shed while SM gained profits in Q1.

► Philippines excluded from EU’s IP watchlist anew.

LT Group is allotting P9.7 billion for capex.

AC Energy Corp.'s follow-on offering got strong investor support.
 

SPOTLIGHT

Checks and crosses

How far can profiling go? It's a legitimate "tool" used to identify ayuda beneficiaries and vaccine priority recipients, the top state privacy expert said. Security officials' profiling of community pantry organizers, however, was where the line was crossed.

Bella Perez Rubio and Franco Luna seek clarity in often vague rules and rights involved in government's "checking and profiling."

 
ELSEWHERE ON PHILSTAR.COM

The Pfizer/BioNTec vaccine, in the largest study yet, was found to provide 95% protection after the second shot.


AFP/Ted Aljibe

The Department of Health is recommending revisions to government's COVID-19 testing protocol for incoming travelers.

Moderna’s COVID-19 jab has been approved in the Philippines for emergency use.

The largest medical groups and associations in the Philippines are shunning the use of ivermectin for coronavirus treatment. They're also calling on the FDA to investigate and seek those accountable for the unsanctioned distribution of the drug.

Miss Universe Canada is asking the public to stop generalizing Filipinos as "racists" after she received nasty comments from pageant fans.

 

Tweet me your thoughts about today's START or pitch possible topics you'd like us to send out a briefing on. I'd be thrilled to hear from subscribers so don't be shy. 💭

To see the rest of our coverage, visit www.philstar.com.
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