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So earlier, @johntmorales @rupertnotholmes @znsuzara @jcpunongbayan @KenAbante talked about how much funds in the national budget are available for Bayanihan Act. I made a list of OTHER FUNDS that will also be used for Covid, accdg to the government:
So earlier, @johntmorales @rupertnotholmes @znsuzara @jcpunongbayan @KenAbante talked about how much funds in the national budget are available for Bayanihan Act. I made a list of OTHER FUNDS that will also be used for Covid, accdg to the government:
May nauna na tayong inutang:
March 18: World Bank pledges $100 million to DOH for COVID-19 response
The $100-million loan will enable the DOH to buy PPEs, etc. https://www.gmanetwork.com/news/news/nation/730211/world-bank-pledges-100-million-to-doh-for-covid-19-response/story/
March 18: World Bank pledges $100 million to DOH for COVID-19 response
The $100-million loan will enable the DOH to buy PPEs, etc. https://www.gmanetwork.com/news/news/nation/730211/world-bank-pledges-100-million-to-doh-for-covid-19-response/story/
March 24: BSP opens a ₱300-billion bond buying program with the Bureau of Treasury.
BSP will buy debt papers from BTr, which the latter must repay within 6 months. The fund generated shall be used to support programs to counter the impact of COVID-19. https://business.inquirer.net/293332/bsp-to-lend-govt-p-300b-to-fight-virus-pandemic
BSP will buy debt papers from BTr, which the latter must repay within 6 months. The fund generated shall be used to support programs to counter the impact of COVID-19. https://business.inquirer.net/293332/bsp-to-lend-govt-p-300b-to-fight-virus-pandemic
March 26: BSP To Remit P20 Billion Dividends To Fight COVID-19
To further support the government in its fight against Coronavirus disease 2019 (COVID-19), BSP will remit P20-B as advance dividend to the govt.
To further support the government in its fight against Coronavirus disease 2019 (COVID-19), BSP will remit P20-B as advance dividend to the govt.
The advance dividends constitute 87% of the estimated total dividends for 2020. BSP remit the P20-B on the same day thru direct credit to the Treasurer of the Philippines-Treasurer Single Account, which is maintained with the BSP.
http://www.bsp.gov.ph/publications/media.asp?id=5336
http://www.bsp.gov.ph/publications/media.asp?id=5336
March 28: ADB commits $1.6B in additional aid to PH for fight vs COVID-19
The aid would include a large, quick-disbursing loan available for use immediately upon approval; support for cash transfers, and assistance to the health sector to rapidly establish additional emergency
The aid would include a large, quick-disbursing loan available for use immediately upon approval; support for cash transfers, and assistance to the health sector to rapidly establish additional emergency
facilities, incl. ventilators. In addition, the ADB will deliver three quick-disbursing, policy-based loans totaling $1.1 billion to support ongoing programs, and a $500-million disaster resilience finance program. https://business.inquirer.net/293601/adb-commits-1-6b-in-additional-aid-to-ph-for-fight-vs-covid-19
ADB has previously approved a $3-million grant to procure medical supplies. This grant will be spent to establish a “new, modern laboratory with diagnostic equipment, testing kits and supplies” at Jose Lingad Memorial Regional Hospital in City of San Fernando, Pampanga.
March 29: DOTr remits P10 billion dividends in advance
DOTr has advanced the remittance of P10 billion in dividends to the country’s coffers to support government spending in the fight against the coronavirus disease or COVID-19. https://www.philstar.com/business/2020/03/29/2004020/dotr-remits-p10-billion-dividends-advance
DOTr has advanced the remittance of P10 billion in dividends to the country’s coffers to support government spending in the fight against the coronavirus disease or COVID-19. https://www.philstar.com/business/2020/03/29/2004020/dotr-remits-p10-billion-dividends-advance
The P10 billion represents the total dividends of the Philippine Ports Authority (P4 billion), Civil Aviation Authority of the Philippines (P3 billion) and Manila International Airport Authority (P3 billion) for calendar year 2019.
