THE management of state-run Home Guaranty Corp. have rewarded themselves with P22.2 million to acquire executive cars and another P9.349 million in “incentive awards” in 2009 despite the government corporation racking up P9.98 billion in losses, Bagong Henerasyon Rep. Bernadette Herrera-Dy said Tuesday.
The party-list representative made the revelation in an attempt to force a House investigation and stop the company from floating another P5.5 billion in bonds.
Herrera-Dy said the company’s executives availed themselves of a five-year installment plan at zero interest.
“These people rewarded themselves with a P22.2-million car plan in exchange for pushing the company to near bankruptcy,” she said.
“I deplore their insensitivity.”
Herrera-Dy said the company’s officials also authorized the disbursement of P3 million to cover the insurance premiums of its directors and officers, a payment that the Commission on Audit had found “without legal basis.” –Manila Standard Today
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
