{"id":175507,"date":"2018-08-07T06:18:59","date_gmt":"2018-08-07T10:18:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=175507"},"modified":"2018-08-07T06:18:59","modified_gmt":"2018-08-07T10:18:59","slug":"nayong-pilipino-exec-denies-corruption-allegation","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/08\/07\/nayong-pilipino-exec-denies-corruption-allegation\/","title":{"rendered":"Nayong Pilipino exec denies corruption allegation"},"content":{"rendered":"
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Nayong Pilipino logo (Photo<\/a>: Nayong Pilipino\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Outgoing Nayong Pilipino Foundation (NPF) Chairperson Patricia Ocampo, who was sacked by President Rodrigo Duterte with her entire board, has denied that their business dealings in behalf of government was tainted with corruption.<\/p>\n

In a statement sent to reporters Tuesday, Ocampo said she will respect the Chief Executive\u2019s decision removing the NPF\u2019s board of trustees and management team.<\/p>\n

\u201cIn behalf of the board of trustees of the Nayong Pilipino Foundation, I would like to thank the President for having been given the opportunity to serve the Filipino people. It is regrettable that it has come to this, but we understand that we serve at the pleasure of the President,\u201d Ocampo\u2019s statement read.<\/p>\n

Earlier, Presidential Spokesperson Harry Roque announced that Duterte has fired the entire board and management team of NPF for giving its green light to a lease agreement, which the Chief Executive described as \u201cgrossly disadvantageous\u201d to the government.<\/p>\n

Although Malaca\u00f1ang has not identified the private firm supposedly involved in the lopsided deal, Ocampo\u2019s statement referred to the USD1.5-billion investment of Hong Kong-based Landing International Development Ltd. in an integrated resort at the Entertainment City in Para\u00f1aque City.<\/p>\n

\u201cI strongly deny accusations that there were graft and corruption. On the contrary, the lease contract with Landing International Development Ltd. is above-board, and is highly-advantageous to the government and to the Filipino people,\u201d she said.<\/p>\n

She also debunked claims that the lease contract between NPF and Landing International is for 70 years. It is just 25 years \u201cstarting from the date of execution of the lease contract\u201d.<\/p>\n

She mentioned that under the agreement, the monthly rental would be at PHP360 per square meters. An advance rental value of PHP827.05 million was also placed.<\/p>\n

NPF and Landing International also agreed that the government will receive \u201can additional monthly rental equivalent to 10 percent of net profits from the operations of its attractions and theme parks after taxes exclusive of value added tax\u201d.<\/p>\n

\u201cWe negotiated what we believed then, and believe now, are most advantageous terms and conditions for the government and the people,\u201d said Ocampo.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Outgoing Nayong Pilipino Foundation (NPF) Chairperson Patricia Ocampo, who was sacked by President Rodrigo Duterte with her entire board, …<\/p>\n","protected":false},"author":33,"featured_media":175508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,1145,16,95],"tags":[],"class_list":["post-175507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-headline","category-news","category-news-ph","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/175507","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=175507"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/175507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/175508"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=175507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=175507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=175507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}