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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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