Articles worth reading

San Juan conducts family planning services

account_balanceSan Juan access_time5 days ago

The San Juan City Population Development Office is steadfast in providing family planning services to the women of reproductive age (WRA) in their city. This week, they have conducted various family planning services such as family planning counselin...

Manila sustains clean-up activities in beach areas and Baywalk 

account_balanceManila access_time5 days ago

Manila City continues to prioritize cleanliness and environmental conservation through regular clean-up activities in different parts of the city. On Tuesday, March 21, 2023, the Department of Public Services-Manila, under the leadership of Mayor Dra...

President Ferdinand R. Marcos Jr.

4 new EDCA sites to rise across PH 

account_balanceMetro Manila access_time5 days ago

President Ferdinand R. Marcos Jr. said Wednesday the four new additional Enhanced Defense Cooperation Agreement (EDCA) sites will be located in the northern and southern parts of the country, and Palawan, according to a report by Philippine News Agen...

Metro News

Solon asks gov't to curate non-performing assets

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

House of Representatives Deputy Speaker Ralph Recto said the government’s reported plan to sell off its non-performing assets (NPAs) should be “curated well” so it would not lead to a “fire sale” of state-owned land, businesses and franchises, according to a report by Philippine News Agency.

“The rule in privatization is that we should not be selling the geese that lay the golden eggs,” the 6th District of Batangas representative said in a statement. “We should be careful that what remains of state crown jewels are not included in a baratilyo (bargain) sale simply because we are raising funds for a project.”

In inventorying what can be sold, he said the strategic value of a company “should not come ahead of the chance to make a fast buck out of the sale.”


“Meron tayong stewardship role na ginagampanan para sa susunod na henerasyon (We have stewardship role duty for the next generations),” Recto said.

He added that if “derelict assets” are successfully auctioned off, proceeds should be earmarked for “activities high in both social and financial return of investments (ROIs), like housing.”

“Kung lahat ng mga Taipans nagkakandarapa magpatayo ng condo kasi may kita doon, bakit hindi ito ang pondohan ng pamahalaan – ang pagpapatayo ng abot-kayang tirahan (If all Taipans are too eager to build condos because they earn there, why doesn’t the government fund it – the construction of affordable homes),” Recto said.

He said the microscopic share of shelter agencies to the national budget – less than 1/10th of 1 percent – prompts the use of “off-budget sources” to wipe out the estimated 6.658 million housing backlog.

The Department of Human Settlement and Urban Development (DHSUD) and its attached agencies account for PHP4.7 billion of the PHP5.26 trillion national budget this year.

“Kaya ‘yang pabahay ang dapat pondohan, hindi lang ng Maharlika Investment Fund, pati ng pambansang budget na rin (The housing program should be funded, not only by the Maharlika Investment Fund, but also by the national budget),” he said.

At PHP1 million per unit, the DHSUD said it would require PHP6.658 trillion to erase the shelter deficit.

“’Yan ay 127 percent na kaagad ng national budget (And that is already 127 percent of the national budget),” Recto said.

He said the land required alone for the 6.658 million units is about 61,000 hectares, “which is about 15 times the land area of Manila.”

Recto said building up the shelter inventory in numbers not seen before is not mission impossible under the Marcos administration.

“One, you have as Secretary of Housing a proven builder, the first time in history,” he said. "Second, housing is in the legacy agenda of President BBM because he has to do better than his mom, who built those BLISS condos, which remain a good template for mass housing.” 

date_rangeDate Published
1 month ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Olivarez graces 2023 City Athletic Meet in Parañaque 

account_balanceParañaque chrome_reader_mode5 days ago

The city of Parañaque kicked off its 2023 City Athletic Meet earlier today, led by Mayor Eric Olivarez, at the Baclaran Elementary School Central. The annual event features athletes from both public and private schools who have won in their re...

2 trained rescue dogs assigned to QC's Task Force Disiplina 

account_balanceQuezon City chrome_reader_mode5 days ago

QCitizens can rest assured that the Task Force Disiplina has a new ally in maintaining order in the city's streets. Two of the trained rescue dogs of the QC Veterinary Department, Hero and Chow, have been assigned to work alongside the city's...

SMC, Batangas to build P44-billion Nasugbu-Bauan Expressway 

account_balanceMetro Manila chrome_reader_mode5 days ago

San Miguel Corporation (SMC) is undertaking the P44.77-billion Nasugbu-Bauan Expressway (NBEX) project that will provide a faster connection between the eastern and western portions of Batangas province. This comes after the Batangas provincial gove...

Holy Family School of QC brings joy to QC Jail Female Dormitory 

account_balanceQuezon City chrome_reader_mode5 days ago

Students and staff of Holy Family School of Quezon City brought joy to the Persons Deprived of Liberty (PDL) at the QC Jail Female Dormitory when they visited recently. The students and the PDL performers showcased their talents, bringing smiles and ...

Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature