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LIVE: Press Briefing with DOF Secretary Benjamin Diokno
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LIVE: Press Briefing with DOF Secretary Benjamin Diokno | March 28, 2023 #Malacañang #SMNINews Join this channel to get access to perks: https://www.youtube.com/channel/UCNaQMcnWvx95j7OG3217IMg/join Follow SMNI News Viber & Telegram Community Get updates via Viber: https://bit.ly/3od1x76 Join us on Telegram: https://t.me/joinchat/cUkfwNmbtT4yYTg1 Wag kalimutang mag-JOIN at mag-SUBSCRIBE sa ating Youtube channel Click the link to Subscribe: 👇👇👇👇👇👇👇👇👇 https://www.youtube.com/c/SmniNews?sub_confirmation=1 📺 Watch Us On Digital TV SMNI News Channel FREE TV on Ch. 39 Manila, Ch. 39 Butuan, Ch. 39 Roxas, Ch. 38 Vigan, Ch. 37 Isabela, Ch. 35 Laoag, Sky Cable Ch. 162 Manila. Sky Cable Ch 46 Davao and Cignal Ch. 186 💻📱 Online at www.smninewschannel.com #TruththatMatters #roadto2millionsubs #SMNINews Visit us on : http://www.smninewschannel.com Visit us on : https://www.facebook.com/SmniNews/ Visit us on : https://www.facebook.com/DZAR1026/ Follow us on : https://www.instagr
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00:00.0
16%. And then for the next 3 years, it will be increased to 7% from 5 to 7. And NG share
00:10.2
naman will decline to 14. I'll say it's 21. I think that's the contribution of government
00:17.8
workers. And then years thereafter, the MUP share will be increased to 9. And then NG share
00:26.6
will decline to 12. So gradual yun. Secretary, alam naman po natin na maraming daring mga
00:32.1
ganyang recommendations before. Pero ito po bang magandang reform sa kailangan pang
00:38.0
dumaan sa Kongreso? Kailangan dumaan sa Kongreso. So in-approve ni Presidente ito, and we will
00:46.4
push this to Congress. And we are already talking to some people in Congress who will
00:51.4
push this. Yan po kasi nagiging problema before kaya hindi po natutuloy yung... Minsan
00:57.2
nga hindi na nakakarating sa Kongreso. Na-install pa lang sa administration pa lang. But the
01:02.3
President is recognizing the need for this. Talagang ipo-push niya. Hindi po kaya maging
01:15.0
reason para yung mga military personnel natin, yung mga sundalo ay mag-demoralize or humalma,
01:24.5
mag-aklas. Hindi naman. Kasi as you know, recently, 2018, dinobli yung swelda nila.
01:32.6
And kaya gradual yung contribution nila from 5 to 7 to 9. I think naintindihan din nila that they
01:42.3
have to, again, mag-cooperate with the rest of society. Otherwise, mag-blow up talaga,
01:48.0
mag-babaloon talaga yung deficit natin. Okay. Heidi Sampang, FEBC.
01:56.8
Good morning, sir. Dun lang po sa merger ng Land Bank-FEBP, meron po bang wawawalan ng
02:02.6
trabaho? At may estimate po ba tayo kung ilan ito at kung meron pong package na i-offer po sa
02:09.2
kanila? Thank you, sir. Definitely may mawawalan. Okay. Kasi there's a redundancy, no?
02:17.9
And then mag-reduce yung number of branches. But there's usually a package naman na pipigay.
02:23.9
Voluntary. And then they can choose to retire. Since they are government official, they can
02:30.4
retire under GSIS or we will offer an unattractive package for those who will be separated. Okay.
02:37.7
May estimate tayo, sir? Wala pa tayong estimate at the moment. Okay. Sir, mga kailan po kaya yung
02:43.0
parang full effectivity ng merger? It's too early to say, but I would think before the end of the
02:50.4
year. Okay. Thank you, sir. Maryse Umali-Tima, GMA 7. Sir, just a follow-up on the merger.
02:59.9
Correct me if I'm wrong, but this has already, this proposal has been approved in the previous
03:04.9
administrations, but for those administrations, it has not been implemented. And there are
03:13.0
anxieties raised over this merger. So what made you finally make the president approve this? And
03:23.6
what are the reasons exactly to be able to, or what are your responses to the anxieties that are
03:30.8
being raised over this merger? As you know, this merger has been approved during the time of
03:37.6
Pinoy. Okay. President Aquino. No, no. President Aquino through the government of GCG, through
03:45.0
GCG. It was not implemented. It was taken up during the 30th term. It was also not implemented.
03:53.9
So, but given what's happening now globally, you have banks which are now being closed,
04:04.0
right? For example, Credit Suisse, who would have thought that Credit Suisse will go under?
04:09.3
So there's really a strong need for solidifying the government bank. We're not saying that
04:19.2
AD or DBP or land bank are, have problems. Okay. Sinasabing anong argument ng DBP,
04:29.1
why fix if the problem, there's no problem. Hindi naman broken. We're not saying that the
04:34.4
current system is broken, but as policymakers, we have to constantly seek better ways of doing
04:41.1
things, especially if we want to improve the performance of a particular government agency.
04:48.5
So, yan lang naman. And this is also consistent with our rightsizing. That's the focus also of
04:56.9
the president, rightsizing the bureaucracy. Because if we are able to do that successfully,
05:03.2
then we'll have more money for really essential projects like healthcare, education for our
05:10.0
people and infrastructure. So, yan. Sir, one last regarding naman the issue on the pension.
05:17.0
Because you mentioned that it still has to go through the Congress and in the past, talagang
05:24.6
hindi rin umabot halos sa Kongreso. So, meron po ba tayong ibang plano kung sakaling hindi na
05:31.4
naman ito ma-approve? Because you mentioned a while ago na talagang malaking ikakalugi na
05:36.4
kung hindi ito maipatupad pa. I think President Marcos Jr. is in a best position to push through
05:44.0
with this reform. As I mentioned, his predecessors simply kicked the can forward
05:53.8
without success. Why did I say that? Remember that he's, I think, the first president who was
06:00.4
elected by a significant majority, 60%. Yung ibang presidente, they were only elected by 25%
06:10.1
because of the number of candidates. So, he really has this very strong support and he's
06:15.9
willing to spend his political capital for this because nakikita niyo na pag hindi na ginawa ito,
06:24.0
there will be a fiscal collapse in the future. Secondly, Mr. Marcos also has a very strong
06:30.9
control of both houses of Congress. So, it's going to be less problematic for him to push forward
06:39.6
such a major reform. Harley Valbuena, DZME. Hi, good morning. Sir, the Congress already
06:48.1
ratified the bill amending the fixed term of military officers. So, if this bill becomes a law,
06:55.1
do you believe, sir, that this will become a hindrance or a factor for the implementation
06:59.7
of the military pension reform if this pushes through, sir? Absolutely not. That's separate.
07:06.1
That's a separate issue. Okay, thank you. Okay, Alvin Baltazar, PBS.
07:11.0
Secretary, magandang umaga po. Secretary, doon sa mga mawawalan ng trabaho, doon sa merging,
07:18.4
paano ba yung magiging proseso doon sa notification para doon sa mga hindi papalarin?
07:23.9
At will you go over the records kung sino yung mga malapit nang mag-retire para at least
07:30.8
medyo magang sa loob nila yung ano? As in any merger, et cetera, there are some
07:38.4
who will be affected, right? For example, in any reorganization, there are people who will be
07:44.6
affected. And that's why we provide a very liberal separation package, okay? So, they can use that,
07:53.6
they can invest it, right, in new business if they want to, or they can live on it.
08:02.2
But we are doing this for the greater good. Kasi ayaw mo naman na to employ people who are not
08:10.9
doing anything, right? And there are benefits for, for example, if there are branches that you need
08:16.7
to collapse, why not collapse them, right? So, there are efficiency gains to be made. And so,
08:23.2
this is, will benefit the whole, the whole country.
08:27.0
Secretary, follow-up lang po. Sabi niyo po, implement yun before the end of the year.
08:32.2
So, kailan po tayo magsisimulang magbigay ng notification?
08:36.0
I'd say that the merger will be, take effect before the end of the year. So, may mera naman
08:41.6
transition period dyan. So, I don't know when, kung kailan sila magbigay ng notification. Siguro,
08:49.7
um, siguro mga x number of days after the merger is formalized, no, then you will be notified.
09:00.3
Okay. I believe that's the last question. Do you still have time for more?
09:04.5
Sure, sure.
09:04.9
Okay, one more. Chona Yu, Inquirer Radio.
09:08.0
Sir, in 2016, the President opposed the merger of DBP and Land Bank.
09:12.9
2016?
09:13.7
Saying, uh...
09:15.1
Who's that? Who's the President at that time?
09:18.2
President Marcos, he said na, he opposed siya dito kasi it will deprive farmers
09:23.2
sa access sa Agricultural Bank. Why the sudden change?
09:28.5
I don't, personally, I don't. Is that on...
09:32.4
Sa Senate po, nasa...
09:34.6
2016?
09:35.5
Yeah, 2016.
09:36.5
When he's running for Vice President.
09:38.3
Uh, pero nag-change talaga yung ano niya kasi given, sabi ko nga, yung international
09:44.8
developments, diba? Big banks are folding, etc. Plus, uh, no, no. He hasn't changed his
09:51.8
mind since he was elected President. I know that he was, his was for this proposal. Okay?
09:57.0
Okay. Thank you.
09:58.0
Isan na lang, sir. Sa water crisis, sir. Ano ko ba ang ginagawa, anong magkano ang budget
10:06.7
allotted for El Nino preparations ng government?
10:10.0
Siguro si Secretary Pagtanganong ng kausapin natin, no?
10:13.7
Okay. Thank you so much, uh, Secretary Giocno, for briefing us on the proposed merger of
10:19.7
Land Bank of the Philippines and Development Bank of the Philippines, as well as the proposed
10:24.0
Military and Uniformed Personnel Pension Reform Program. Thank you very much.
10:28.5
Have a good afternoon, everyone.
11:13.7
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11:26.2
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11:43.7
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