SPORTS/ A8
CAVS, JAMES STAY ALIVE VOL. XXXII • NO. 101 • 3 SECTIONS 16 PAGES • P18 • SUNDAY, MAY 27, 2018 • www.manilastandard.net • editorial@manilastandard.net • mst.daydesk@gmail.com
JAMES
YOUNG LIFE/ C2
P.3-B GAS SUBSIDY MISSING COA QUIZZES ENERGY ON FUND USE
By Maricel V. Cruz
T
HE Department of Energy has yet to account for the P300-million transport subsidy rolled out during the immediately preceding Aquino administration from 2010 to 2016.
In its 2017 report, the Commission on Audit said the department had failed to submit documents needed to evaluate the fuel subsidy program, that was last implemented in 2013. The Pantawid Pasada program of the DoE has not been audited since its implementation seven years ago, the latest CoA report indicated. The DoE implemented the Pantawid Pasada, or Public Transport Assistance program with the Transportation, Finance, and Interior departments to cushion the high fuel prices caused by the Middle East oil crisis. CoA said it notified the DoE about the pending review of the P300-million program, but its letters were left unanswered for several years. Among the documents demanded by CoA were the fund utiliza-
tion report, fund loading by the Bank of the Philippine Islands, and the inventory of the cash cards given to jeepney drivers. With the DoE’s failure to submit the documents the CoA demanded, how the P300 million was used, and how many cards were loaded with cash could not be determined. However, the DoE’s Oil Industry Management Bureau said auditors handling the Malampaya fund had “already audited” the program. The bureau said that the CoA reported no major finding but it asked for supporting documents from BPI. The bureau blamed “systems failure” for its failure to submit supporting documents that have been pending since
PHILIPPINE TRICOLORS. Peddlers sell Philippine flags of different sizes to passing motorists along a busy stretch of Manila’s bayside Roxas Blvd. during the weekend in anticipation of the observance of National Flag Day from May 28 until June 12. Ey Acasio
2013. “BPI submitted already the fund utilization report but CoA requested a detailed utilization per card which BPI system cannot immediately act [on] because their system crashed,” it said. In 2011, then President Benigno Aquino III instituted the program through Executive Order 32 with an initial funding of P450 million. Of this amount, P300 million was allocated to the DoE while the rest was given to the Department of the Interior and Local Government. Funds for the program were sourced from its earnings from the Malampaya Deep Water Gas-to-Power project.
PALACE SEEKS PRICE FREEZE AS OIL FALLS By Vito Barcelo and Maricel V. Cruz MALACAÑANG has warned traders and business sectors not to increase the prices of their products, with global oil prices falling after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter. At the same time, Malacañang ordered the Department of Trade and Industry to strictly monitor the prices of basic commodities and to penalize those who would take advantage of the rise in oil products. World oil prices fell Friday after Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea. Saudi oil minister Khaled al-Faleh told an economic conference in Russia that a gradual output increase could happen in the second half of the year to prevent any supply shocks, according to the RIA Novosti agency. In a related development: • Militant lawmakers on Saturday vowed to intensify mass protests against the Tax Reform for Acceleration and Inclusion or the TRAIN Law blamed for spiraling prices of fuel and other prime commodities Turn to A2
PH REPAIRS SEA OUTPOSTS By Sara Susanne D. Fabunan
BEST FESTIVAL.
Included in the list of astonishing events people want to witness in the rice-growing town of Pulilan in Bulacan north of Manila is the award-winning Kneeling Carabao Festival where hundreds of the often described beasts of burden gather every mid part of May for a parade in homage to the patron saint of farmers San Isidro Labrador. This has gained recognition from the Association of Tourism Officers of the Philippines as Best Festival in the town level for 2015 and 2016. Teddy Pelaez
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THE Philippines has begun long-delayed repairs to its crumbling runway in the country’s territory in the disputed Spratly Islands, Asia Maritime Transparency Initiative reported. The renovation in the Philippines’ nine outposts came amid increasing Chinese military reclamation in the disputed Spratly Island. The AMTI said the commotion was monitored in February 2017 and May 17, 2018 by its satellites which showed minor improvements to facilities on Pagasa Island (Thitu Island) and three other of its post in 2017 until the present. “In addition to the runway repairs, a comparison of recent imagery with photos from February 2017 shows minor upgrades to facilities on Thitu and three other outposts in the last year,” the AMTI said. Turn to A2 manilastandard.net
FILIPINA SINGS HER WAY TO LONDON
ORILA
WALK
ANDSINGS FILIPINA CHEW GUM, HER WAY IT MAY KEEP YOU TOTHIN: LONDON STUDY PARIS, France—Still looking for the secret to effortless weight loss? It may be as simple as chewing gum while walking, Japanese researchers suggested on Saturday. Turn to A2
TRUMP MAKES ABOUT-FACE ON TALKS WITH KIM WASHINGTON, United States—One day after abruptly pulling the plug on a high-stakes summit with North Korea, US President Donald Trump said Friday the meeting with Kim Jong-un could go ahead after all—and would “likely” happen on the originally scheduled date of June 12. The summit would be an unprecedented meeting between a sitting US president and a North Korean leader, which Washington hopes will result in the full denuclearization of the reclusive state. Trump said in a tweet that “very productive talks” were ongoing with North Turn to A2
'SOLGEN'S KIN BAGGED THREE SECURITY DEALS' By Maricel V. Cruz THE Calida’s Vigilant Investigative and Security Agency Inc. has secured multimillion-peso contracts with at least three government agencies months after Jose Calida’s appointment as Solicitor General. This was revealed in the documents leaked to media during the weekend. Turn to A2
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