{"id":128915,"date":"2017-11-06T22:10:06","date_gmt":"2017-11-07T03:10:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=128915"},"modified":"2017-11-06T22:10:06","modified_gmt":"2017-11-07T03:10:06","slug":"pals-debt-settlement-good-compromise-poe","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/06\/pals-debt-settlement-good-compromise-poe\/","title":{"rendered":"PAL\u2019s debt settlement &#8216;good compromise&#8217;: Poe"},"content":{"rendered":"<figure id=\"attachment_110226\" aria-describedby=\"caption-attachment-110226\" style=\"width: 240px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/PoeAug72017.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-110226\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/PoeAug72017.jpg\" alt=\"FILE: Senator Grace Poe on Monday described the PHP-6 billion settlement of flag carrier Philippine Airlines\u2019 (PAL) liabilities with the government as a \u201cgood compromise.\u201d (PNA PHOTO)\" width=\"240\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-110226\" class=\"wp-caption-text\">FILE: Senator Grace Poe on Monday described the PHP-6 billion settlement of flag carrier Philippine Airlines\u2019 (PAL) liabilities with the government as a \u201cgood compromise.\u201d (PNA PHOTO)<\/figcaption><\/figure>\n<p>MANILA\u00a0&#8212; Senator Grace Poe on Monday described the PHP-6 billion settlement of flag carrier Philippine Airlines\u2019 (PAL) liabilities with the government as a \u201cgood compromise.\u201d<\/p>\n<p>\u201cGiven that the outstanding arrears of PAL amount to PHP6.91 billion for navigational charges, I think that the settlement of PHP6 billion is acceptable,\u201d Poe said in a text message.<\/p>\n<p>\u201cThe settlement expedites the collection proceedings and for me, this is a good compromise,\u201d she added.<\/p>\n<p>Poe pointed out the amount is actually more than what the government can substantiate with invoices, which is only PHP3.6 billion.<\/p>\n<p>She said that the money will be used to fund free tuition in state universities and colleges (SUCs).<\/p>\n<p>\u201cThe money will go to a noble and much-needed govt program &#8212; that of free tuition for SUCs, the funding of which is an immediate concern,\u201d she added.<\/p>\n<p>Moreover, Poe said that the settlement will also prevent time lost on protracted litigation and allow both parties to save on expenses for legal fees.<\/p>\n<p>The Senate and House appropriations committees have both vowed to find the needed budget to fund the law granting free tuition in SUCs.<\/p>\n<p>Senator Loren Legarda, chair of the Senate Committee on Finance, earlier said she will \u201cmake sure that this is funded under the 2018 budget.\u201d<\/p>\n<p>On Friday, the Department of Transportation (DOTr) and PAL, in a joint statement, announced that the government accepted its offer to pay PHP6 billion worth of navigational fees, and other charges.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Senator Grace Poe on Monday described the PHP-6 billion settlement of flag carrier Philippine Airlines\u2019 (PAL) liabilities with the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":110226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[31523,3662,24904,1987],"class_list":["post-128915","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-good-compromise","tag-grace-poe","tag-liabilities","tag-philippine-airlines","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=128915"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/110226"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=128915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=128915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=128915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}