{"id":166187,"date":"2018-06-05T05:30:41","date_gmt":"2018-06-05T09:30:41","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=166187"},"modified":"2018-06-05T05:30:41","modified_gmt":"2018-06-05T09:30:41","slug":"ph-assures-totally-corruption-free-projects-funded-by-sokor","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/06\/05\/ph-assures-totally-corruption-free-projects-funded-by-sokor\/","title":{"rendered":"PH assures \u2018totally\u2019 corruption-free projects funded by SoKor"},"content":{"rendered":"
\"\u201cIt<\/a>
\u201cIt is the Korean people\u2019s money that the government is allocating to us. So it\u2019s our duty to make sure that those funds are totally corruption-free when they are used,\u201d Dominguez said in a media briefing in Seoul, South Korea. (PNA photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 The country\u2019s chief finance official has assured that the flagship projects under the \u201cBuild, Build, Build\u201d infrastructure program to be funded by South Korea will be \u201ctotally\u201d corruption-free.<\/p>\n

Department of Finance (DOF) Secretary Carlos \u201cSonny\u201d Dominguez made this commitment as South Korea offered to double its overseas development assistance (ODA) to the Philippines from USD500 million to USD1 billion.<\/p>\n

\u201cIt is the Korean people\u2019s money that the government is allocating to us. So it\u2019s our duty to make sure that those funds are totally corruption-free when they are used,\u201d Dominguez said in a media briefing in Seoul, South Korea.<\/p>\n

\u201cWhat we are doing is, we are monitoring this project very carefully, we are getting COA (Commission Audit) involved in the audit of these projects,\u201d he assured.<\/p>\n

Dominguez said no less than President Rodrigo Duterte is the country\u2019s top graft-buster, firing government officials including his own appointees who are linked to corruption.<\/p>\n

\u201cSo in this way, we feel that the government employees as well as the private sector will be very careful in the use of government funds and funds from the taxpayers of other countries,\u201d Dominguez said.<\/p>\n

In his \u201cextremely\u201d productive meeting with South Korea\u2019s Deputy Prime Minister and Minister of Strategy and Finance Kim Dong-Yeon, Dominguez personally assured the Korean official that all projects will be scrutinized to avoid waste of funds.<\/p>\n

\u201cI assured Deputy Prime Minister Kim our strict monitoring of these projects to make sure that none of the Korean taxpayers\u2019 money is wasted in corruption and that all the ODA-supported projects will bring lasting benefits to the Filipino people,\u201d Dominguez said.<\/p>\n

Dominguez said USD172.64 million of the USD1 billion ODA from South Korea will be used for the New Cebu International Container Port Project.<\/p>\n

On the other hand, other projects to be funded under Korea\u2019s ODA include the USD50-million project preparation facility for the National Irrigation Administration (NIA), a USD100-million financing for the new Dumaguete airport development project, and a USD41-million project for the implementation of an electronic receipt system for the monitoring of taxes paid by Philippine retailers.<\/p>\n

He said the government plans to use the remaining USD636-million balance to fund two to three more flagship projects under the \u201cBuild, Build, Build\u201d program.<\/p>\n

Dominguez said 35 of the 75 flagship projects proposed under \u201cBuild, Build, Build\u201d program have already been approved by the National Economic Development Authority (NEDA).<\/p>\n

The USD1-billion ODA was part of the USD4.9 billion worth of investments that Duterte got from his three-day official visit from South Korea.<\/p>\n

Duterte\u2019s first trip to South Korea has resulted in the signing of four other government-to-government (G2G) agreements. These are:<\/p>\n

1. Memorandum of Understanding on Scientific and Technological Cooperation between the Department of Science and Technology (DOST) of the Philippines and the Ministry of Science and ICT of the Republic of Korea;
\n2. Memorandum of Understanding between the Department of Trade and Industry (DTI) of the Philippines and the Ministry of Trade, Industry and Energy (MOTIE) on Trade and Economic Cooperation;
\n3. Memorandum of Understanding for Cooperation on the Expansion of Renewable Energy Deployment between the Department of National Defense (DND) of the Philippines and the Ministry of Trade, Industry and Energy (MOTIE) of Korea; and,
\n4. Memorandum of Understanding between the Department of Transportation (DOTr) of the Philippines and the Ministry of Land, Infrastructure and Transport (MOLIT) of Korea Concerning Cooperation in the Field of Transport.\u00a0<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The country\u2019s chief finance official has assured that the flagship projects under the \u201cBuild, Build, Build\u201d infrastructure program to …<\/p>\n","protected":false},"author":33,"featured_media":166190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[51664,51665],"class_list":["post-166187","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-department-of-finance-dof-secretary-carlos-sonny-dominguez","tag-prime-minister-kim","mauthors-jelly-musico","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/166187","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=166187"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/166187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/166190"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=166187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=166187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=166187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}