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Ermita denies anomaly in Malampaya funds

Paolo Romero - The Philippine Star

MANILA, Philippines - Former executive secretary Eduardo Ermita denied yesterday there were irregularities in the release of revenues of the Palawan natural gas project or Malampaya funds for post-disaster rehabilitation projects in 2009.

Ermita said he was issuing the clarification with a heavy heart over this latest attempt to malign him and the previous administration.

“But I also do so with a clear conscience and high hopes that, once again, unproven innuendoes shall be dispelled by the bright light of actual facts and rational discourse,” he said in a statement.

“Because those funds were intended for the amelioration and upliftment of our less fortunate countrymen, I would be among the first to condemn any irregularities that may be proven to have taken place in the disbursement of those funds,” he added.

He said within a one-week period from Sept. 26 to Oct. 1 in 2009, the country was hit by devastating typhoons Ondoy and Pepeng.

According to a post-disaster needs assessment (PDNA) conducted by the Asian Development Bank (ADB), the total cost of recovery and reconstruction would be $4.42 billion or P190 billion.

Commenting on these costs, the ADB warned that, “the needs for financing are large, but the cost of doing nothing would be larger still.”

 

 

 

ADB

ASIAN DEVELOPMENT BANK

BUT I

EDUARDO ERMITA

ERMITA

FUNDS

MALAMPAYA

ONDOY AND PEPENG

PALAWAN

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