Gov’t employees evacuate as quake hits parts of PH
MANILA, Philippines — Government employees had to leave their offices in a rush Wednesday morning after an earthquake hit parts of the country.
Palace employees at the New Executive Building in Malacanang compound in Manila evacuated to an open space following the quake.
Staff and employees also vacated the Senate building in Pasay City.
The Ilocos Norte capitol employees were also asked to evacuate due to fears of possible aftershocks.
According to the Philippine Institute of Volcanology and Seismology (Phivolcs), the magnitude 7.3 quake was recorded at 8:43 a.m.
Its epicenter located 20 kilometers southeast of Lagangilang in Abra and a depth of 25 kilometers, reported Phivolcs.
Intensity IV was recorded in Quezon City.
Phivolcs said damage and aftershocks are expected following the quake.
While waiting for the law to be passed, the president said he intended to issue an executive order to impose a one-year moratorium on the payment of land amortization and interest payments, noting that such moratorium was provided under Republic Act No. 11469, or the Bayanihan to Heal as One Act.
“A moratorium will give the farmers the ability to channel their resources in developing their farms, maximizing their capacity to produce, and propel the growth of our economy,” he said.
He said he would also enforce Executive Order No. 75, series of 2019, issued by his predecessor, requiring all government agencies, bureaus, departments, and instrumentalities to turn over agricultural lands to qualified agrarian reform beneficiaries.
He said there were, at present, about 52,000 ha of unused agricultural lands of the government that would be distributed to landless war veterans, surviving spouses and orphans of war veterans, and retirees of the military and the police in accordance with RA 6657.
Under EO 75, agricultural lands would also be given to graduates of college degrees in agriculture who are landless.
The president also promised continuing assistance to the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps), victims of calamities and the sick.
6-year fiscal plan
The president presented what he called Medium-Term Fiscal Strategy (MTFS) of his administration which seeks “to attain short-term macro-fiscal stability while remaining supportive of the country’s economic recovery and to promote medium-term fiscal sustainability.”
Marcos said he wanted Congress to adopt and concur with the MTFS by passing a concurrent resolution.
Measurable medium-term macroeconomic and fiscal objectives include 6.5-7.5 percent real gross domestic product (GDP) growth in 2022, and 6.5-8 percent annually between 2023 to 2028; 9 percent or single-digit poverty rate by 2028; 3-percent national government deficit-to-GDP ratio by 2028; less than 60 percent national government debt-to-GDP ratio by 2025, and at least $4,256 income per capita to attain upper middle-income status by 2024.
Once adopted, the MTFS will become an anchor for the annual spending and financing plan of the national government and Congress when preparing the annual budget and undertaking related appropriation activities.
Renewable energy push
“Our tax system will be adjusted in order to catch up with the rapid developments of the digital economy, including the imposition of value-added tax on digital service providers,” he said, adding that initial revenue impact of this would be around P11.7 billion in 2023 alone.
Tax compliance procedures will be simplified to promote ease of paying taxes, he added.
In the power sector, the President said the government must build new power plants and push for the use of renewable energy to lower the price of electricity in the country.
“We must build new power plants. We must take advantage of all the best technology that [is] now available, especially in the areas of renewable energy,” he said, receiving applause from the audience that included members of the country’s business elite.
According to him, the government must examine the entire system of transmission and distribution to lower the price of electricity to the consumer.
As a solution to cut electricity rates in the Philippines, the president said the country has already begun to use wind power and was now expanding the use of solar energy, which he noted “is practical almost everywhere in the Philippines all year round.”
He also assured the business community that the government would provide investment incentives by clarifying the uncertain policy in upstream gas, particularly in the area close to the Malampaya gas field in offshore Palawan.
He also pushed for the review of the possible revival and building of nuclear power plants in the country.
“We will comply of course with the International Atomic Energy Agency regulations for nuclear power plants as they have been strengthened after Fukushima,” he said, referring to the 2011 nuclear disaster in Japan.
In terms of infrastructure projects, the president said he would continue the Build, Build, Build program of the Duterte administration “but, wherever possible, be expanded.”
“A coordinated, international response is essential to stop the spread of monkeypox, protect communities at greatest risk of contracting the disease, and combat the current outbreak,” said Raj Panjabi, senior director for the White House’s global health security and biodefense division.
A surge in monkeypox infections has been reported since early May outside the West and Central African countries where the disease has long been endemic.
Overall, 98 percent of infected people were gay or bisexual men, and around a third were known to have visited sex-on-site venues such as sex parties or saunas within the previous month.
Tedros has previously expressed concern that stigma and scapegoating could make the outbreak harder to track.
On June 23, the WHO convened an emergency committee of experts to decide if monkeypox constitutes a so-called Public Health Emergency of International Concern—the UN health agency’s highest alert level.