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Duterte says he'll sell gov't assets to pay coronavirus loans

President Rodrigo Duterte says the move will be his last resort if the government runs out of money to pay off loans and fund programs to respond to the coronavirus outbreak

4/9/2020 3:20:00 AM

President Rodrigo Duterte says the move will be his last resort if the government runs out of money to pay off loans and fund programs to respond to the coronavirus outbreak. COVID19PH

President Rodrigo Duterte says the move will be his last resort if the government runs out of money to pay off loans and fund programs to respond to the coronavirus outbreak

(Where’s our P300 billion),” Duterte said, referring to the popular question asked online.“Wala pa po 'yan. Kokolektahin pa po 'yan, (It’s not there. We still need to collect it),” he answered.Cash neededBefore Duterte issued his remarks, Finance Secretary Carlos Dominguez III said the country will be borrowing some $5.6 billion (P282 billion) from the Asian Development Bank and World Bank if government funds are not enough to fund programs during the outbreak.

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Dominguez said the Bangko Sentral ng Pilipinas has provided some P830 billion in liquidity as he gave assurances the Philippines had the money to fight the pandemic.Despite this, he stressed funds should be spent judiciously with priority given to the country’s poorest families, small and medium enterprises, and companies supported by buyers.

Duterte had earlier ordered Dominguez towere available for the government’s response to the outbreak and its major programs such as the P200 billion social amelioration program provided for in the Bayanihan law.The funding requirement for the program – plagued by

and logistical gaps – is huge, considering cash will need to be released to families immediately.The President warnsDuterte also used his speech to warn lessors against demanding for rent or evicting tenants during the outbreak, saying this could cause chaos in the country.

“Huwag niyong pilitin ang mga tao kasi talagang mag-eengkwentro tayo. Wag 'nyo akong piliitin to go against the law,” he said.(Don’t push people because we will really clash. Do not push me to go against the law.)“It's not the time for you to pressure other people because of your right.

Read more: Rappler »

Mga DDS parang lang bangaw at langaw kapit lang sila sa 💩 💩 💩 Classic mind conditioning strategy : Sumuko na kayo, wala na kayo magagawa. Who's buying? Chinese friends of his?Let's ask Dennis Uy. To his new crony supporters at bargain prices with kick backs Hooray for the Chinese peeps again who will surely have slices of cake if the propose selling of govt assets matuloy

He's already got a buyer lined up? As if Malacanan was not already bought in 2016 by China. Benta mo sa chekwa si mocha Ibenta mga trolls. Baka makadagdag. Nbenta u n nga ang wps unahin u n ang davao Why sell the govt asset to pay the coronavirus loan? Di ba may pera siya. Ilang appearance on TV na ginawa niya assuring that there is money. Why the inconsistency?

Sell the cauldron and the jet. gaano karaming pera kaya ang kailangan ng demonyong to?! Hahahahaha makapanisi naman kayo at makapagsalita — akalanyo naman napakadaling pamunuan ang bansang to na may mamamayan na kagaya nyo Kung nakinig lang kasi at sumunod di sana ganito ang babait at ang gagaling nyo kasi magmarunong at gumatong! 🌈🦋

Oh no, is this again prelude to c/h/ina being the buyer!!! Pinoys dont allow it 😱😱😱 Well he could help recover billions of people's money from friends who pillaged the country for more than a decade. Oh no i smell another money making scheme here. Our govt is like the tagline of BDO... they find ways of making money. They havent even accounted for the 275B fund and now this. NoToSellingOfGovtProperty

What are those assets? Meron pa ba? TAMA! Tigilan na ang pamimigay, panahon na upamg ipagbili! 😉 pwede bang you’ll sell duterte assets muna? push nyo yung pagbawi sa marcos assets! ay aba sobra sobra yan pangtustos ngayong kwarantin! puntahan nyo ang sto niño shrine sa tacloban, nabubulok na ang marcos assets na ginastusan ng gobyerno non at yung iba pang marcos mansions! 😪

After social distancing He who was thought as a saviour turned out as the oppressor 🤦🏻‍♂️. Time to cut ties. 🖐🏻 This is the worse. Ito kasi ang binoto ng 16million. I have no idea kung ano talaga kung bakit hangang ngayon madami paring bulag. Wake up mga kababayan. Pagkakataon nga naman makakobra ng pera!

Punong-puno ang kaban ng bayan ng iniwan sayo ni PNoy, asan na aheeem chinas Belt and Road Initiative. ahemmm be careful Mr. Pres No other option na ba 😦 clueless.. If Sec Dominguez should talk to PAGCOR and Philweb about access from HOME of on-line gaming. Government can limit access to moneyed people, even international players ala POGO.

What? Saan napunta ang pera? Kelan lang pinagmamalaki maraming pera kaya wag magalala. From a man who publicly admitted he knows nothing about economics Good move Mr. President but the key for economic rebound is to stop corruption from the Office of the President to all levels in Government. Alam ito natin, Mr. President lead the way, you know them.

minaliit ni rodrigo ang COVID19PH noong may panahon pang maiwasan ang krisis. ngayong nandito na at naghahasik na ng lagim ang veerus, biglang ganito na ang script ng magiting at masipag at maperang pinuno? pinakamadaling bahagi ang magyabang. pinakamahirap yung singilan na. Your first resort would be to distribute the money orderly and equitably.

Benta sa China? Haha jk Build build build? $50,000,000,000 is where now ? Nakolekta na ba ung 51b or nalimutan lng?

Duterte to sell gov’t assets as ‘a last resort’ to fund COVID-19 fightPresident Rodrigo Duterte raised the possibility of selling government assets as last resort should funding for efforts to fight the coronavirus disease ( COVID-19 ) be exhausted. KAguilarINQ Bawasan niya yung intel funds. May pera pa dun. 😆 KAguilarINQ I think most high ranking govt officials are millionaires— wag na muna kayo sumweldo oh oh di tpos ang problema natin. Isipin mo 200+ yang mga Congressman, kung talaga tao ang nasa puso nila wag narin muna sila paswelduhin.,mag kakaalaman sino talaga ang public servants . KAguilarINQ Anyare sa pogo tax evasion? May 51b pa daw nung feb o.

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FALSE: Duterte warned about coronavirus threat 'at the start'Even after the first coronavirus death outside China was recorded in the Philippines, the President downplayed the issue and said 'it will just die a natural death.' CoronavirusFacts Be very wary and discerning. The present admin is distorting the narrative to suit its interests. This nonsense is brought to you by P. Diggy. The sheperd doesn't simply tell the herd that the wolf is coming. The shepherd should lead them to safety. Ano yun? Kapag nilapa ng lobo ang mga tupa kasalanan ng mga tupa kasi binalaan na sila?

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Virus-hit Iran urges IMF to approve its loan requestIran is asking the International Monetary Fund for a $5-billion emergency loan, but the United States is reportedly set to block it. coronavirus Block it and the people of Iran starts hating them more. Their supposed enemy is the Government, not the people. just ask china send in more faulty money