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Pre-SONA July 8
Pre-SONA July 8
Carino
President Rodrigo Duterte’s cabinet holds a forum to showcase the achievements of the Duterte
presidency in the lead up to his fifth State of the Nation Address (SONA) this month. Titled “Tatak ng
Pagbabago 2020: The Pre-SONA Forum,” the three-part forum discusses the government’s package
of policies and programs that ensure and promote the Filipino people’s welfare. This year’s Pre-
SONA focuses on how the Administration is working to ensure that the needs of the Filipino citizenry
are met amid the crises caused by the coronavirus disease 2019 (Covid-19) pandemic.
The first part of the Pre-SONA which aired on July 8, 2020 showed Finance Secretary Carlos
Dominguez and Bangko Sentral ng Pilipinas Governor Benjamin Diokno deliver the report of the
Economic Development Cluster, and Public Works and Highways Secretary Mark Villar deliver the
report of the Infrastructure Cluster.
Highlights:
1. Estimated number of infections prevented due to government interventions, such as
lockdowns, according to the Epidemiological Models of the FASSSTER Project in April and the
UP Covid-19 Pandemic Response Team ranges from 1.3 to 3.5 million.
2. Filipinos are encouraged to do their part as individuals by adhering to the Minimum Health
Standards.
3. The Duterte administration’s prudent approach to fiscal and economic management made us
one of the strongest, most resilient, and most credit-worthy economies in the region. This
allows us to bridge financial gaps with additional borrowing.
Metric Remarks
From 300 tests per day in March 2020 to an average of 18, 141
Tests conducted per day
tests per day in July 2020
Philippines’ Positivity Rate is 7.4%, which meets the World Health
Positivity Rate
Organization’s Positivity Rate benchmark of 10%
Personal Protective From 1 million as of April 30, 2020 to 6 million as of June 30, 2020
Equipment (PPE) procured Procurement expedited through the Bayanihan to Heal as One Act
Infected Healthcare workers From 20% as of April 30, 2020 to 7.94% as of July 5, 2020
Number of beds in From 33,384 beds as of April 16, 2020 to 63,088 beds as of July
quarantine facilities 6, 2020, a 106% increase in capacity
Only 31 out of 32,845 or 0.1% of active cases are critical or
Critical Covid-19 cases
severe
On the Economy:
Metric Remarks
GDP Growth Rate Q1 2020 growth rate was -0.2%, the first time in two decades that
Prepared by: A.L.F. Carino
Budgetary Supports:
Amount Source
USD 5.28 billion Budgetary Financing Support Raised from Development Partners
as of July 1, 2020
USD 126.36 million Ongoing Financing for Covid-19 Response Projects from
Development Partners as of July 1, 2020 (from ADB and
Government of Japan)
P 1.2 trillion Net domestic borrowings from the beginning of the year and as of
June 30, 2020
P 149.6 billion Remittances received from GOCCs since the start of the year
and as of July 3, 2020
15 to July 3, 2020
as of July 5, P1.7 billion in loans was released to
102,567 borrowers
Unemployment applies to all private sector workers, including
Benefits household helpers and OFWs who were laid off,
terminated, or involuntarily separated from their
work
can borrow two months’ worth of salary
from March 16 to July 5, 6346 applications
approved totaling P84.4 million
as of July 5, total of P 76.2 million worth of
benefits released to 5740 applicants
Government Computer Loan will be available to active members starting
Service Program August 1
Insurance will help members purchase a laptop or
System (GSIS) desktop in light of the new normal or holding
distance or online classes
payable in 3 years at 6% interest rate
Educational Loan for members to pay tuition and other school
Program fees of their nominated student-beneficiaries
will be available starting September 17
maximum loan amount for a given academic
school year is P100,000, payable after 5
years from initial loan take out
Landbank of the Academic help students in select academic institutions to
Philippines (LBP) Development to continue their education amid financial
Empower the difficulties due to the pandemic
Masses towards interest rate of 3% per annum and payable
Endless based on the maturity of the sub-promissory
Opportunities notes but not to exceed 3 years
(ACADEME) since May, over 80 private educational
Lending Program institutions nationwide have expressed interest
in accessing this credit facility
as of July 1, loan applications totaling P260
million approved
Philippine P 120 Billion Credit P120 billion-worth of loans for private banks
Guarantee Guarantee Program made available, for the banks to be able to
Corporation extend financial assistance to small business
owners
already accredited 22 banks for a total facility of
P37.5 billion, to date
business are expected to start availing the
program by July 1
Department of Assistance to P6.48 billion financial assistance extended to
Labor and Displaced Workers over 1.18 million displaced workers in both
Employment and OFWs formal and informal sectors of the economy,
(DOLE) including returning OFWs
Technical Online Livelihood 71 online training programs have been made
Education and Training Programs available to all, especially displaced workers, for
Skills upskilling and eventual absorption into the
Prepared by: A.L.F. Carino
Development economy
Authority 722,022 individuals availed of program from
(TESDA) March 16 to July 5, 2020
Department of Online Learning 23 webinars conducted as part of its retooling
Tourism (DOT) Series Workshop program for industry stakeholders
7,192 individuals participated since April 2020
Department of Cash Subsidies to 1,014,239 farmers and fisherfolks received cash
Agriculture (DA) Farmers and subsidies worth P5,000 each as part of DA’s
Fisherfolks Financial Subsidy to Rice Farmers (FSRF) and
Rice Farmers Financial Assistance (RFFA)
programs
farmers can tap the Survival and Recovery Aid
Program the Agricultural Credit Policy Council
for additional financial assistance
Department of P1.0 billion Covid- 1994 loan applications amounting to P152.4
Trade and 19 Assistance to million have been approved by DTI and SBC as
Industry (DTI) Restart Enterprises of July 6
Small Business Loan Program loans totaling P14.2 million have been released
Corporation to 183 borrowers as of July 6
(SBC) loan amount ranges from 10,000 to 500,000 at
zero interest rate payable in either 18 or 30
months
1. Restarting of the Build Build Build Program subject to compliance with health and safety
protocols
2. Programs to help businesses equip themselves to operate in the new normal
DOST’s Small Enterprise Technology Upgrading Program, to help businesses transition
to online and contactless operations
DICT providing online resources for businesses and workers under a work-from-home
program
DOE will pursue its total electrification program and will be supported by P2.46b billion
access to Sustainable Energy program grant from the European Union; provide access
to basic electricity services, focus on Mindanao
3. President’s 8888 Hotline active for all citizen concerns
The Executive Branch is doing its best to help the economy recover at the soonest possible time, but
for other vital measures to boost economic activity and fortify key sectors, we need Congress’ action.
Four Legislative Imperatives to Revive the Economy:
Other priorities:
Prepared by: A.L.F. Carino
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Governor Benjamin E. Diokno
Bangko Sentral ng Pilipinas
Highlights:
1. The Philippines entered the global pandemic with strong macroeconomic fundamentals
compared to its regional peers
2. Amid the COVID-19 crisis, the BSP implemented measures to complement the National
Government’s broader health and fiscal programs. The decision to unwind COVID-19 policy
responses must be done in a gradual, prudent and informed manner.
3. BSP remains committed in implementing necessary policy measures and reforms to help the
Philippine economy recover from the COVID-19 crisis and to build its resilience against future
crises.
Philippines entered the global pandemic with strong macroeconomic fundamentals, compared to its
regional peers. Robust growth, good fiscal performance, and strong external and financial sector
positions provided the country relative stability amid the pandemic.
Metric Remarks
Inflation Settled at an average of 2.5% in 2019, down from 5.2% in 2018. In the
first 6 months of 2020, inflation averaged at 2.5%. Inflation is expected to
settle at 2.3% by the end of the year
Capital Adequacy 15.4% solo and 16% consolidated, as of end December 2019
ratio
Gross Non- 1.9%
performing
Loans ratio
Non-performing 1.6%
Assets ratio
Balance of surplus of 7.8 billion in 2019, turnaround from the US 2.3 billion deficit
Payments registered in 2018
Gross International As of end May 2020, stood at an all-time high of 93.3 billion US dollars,
Reserves highest ever in Philippine history - enough to cover 8 months’ worth of
import of goods and payments for services and primary income
External Debt As of end March 2020, stood at 81.4 billion, lower by 2.2 billion than its
Stocks recorded level in end December 2019
External Debt-to- declined from 59.7 in 2005 to 22.2 % in 2019, one of the lowest among
GDP ratio Asian countries
3. Financial and economic resilience of the Philippines has been recognized by international
institutions; credit rating now between BBB+ and A-, Philippines is best among 66 emerging
economies and first among Southeast Asian countries
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INFRASTRUCTURE CLUSTER
Accomplishments:
7. Roads Leveraging Linkages for Industry and Trade (Roll-It) Program – enhances road
connectivity and link priority and economic zones in the country; 437km access road
completed
Road leading to Nasipit-Agusan Del Norte Industrial Estate Special Economic Zone
Barbero Road and Service Road 6, Tagoloan, Misamis Oriental
8. Programme for the Support to Rehabilitation and Construction of Marawi City and Surrounding
Areas
9. Improving Growth Corridors in Mindanao Road Sector
10. Philippine High Standard Highway Network Program (Luzon, Cebu, Davao)
Luzon Spine Expressway Network Program; travel time between Ilocos and Bicol
reduced from 20 hours to 9 hours
Tarlac-Pangasinan-La Union Expressway (TPLEX); travel time between Tarlac City
and La Union reduced from 3.5 hours to 1 hour
Central Luzon Link Expressway, Phase I; travel time between Tarlac City and
Cabanatuan City reduced from 70 minutes to 20 minutes
Arterial (Plaridel) By-Pass Road, Phase III; travel time between Balagtas and San
Rafael, Bulacan reduced from 69 minutes to 24 minutes
Southeast Metro Manila Expressway, C-6, Phase I; travel time from Bicutan to Batasan
reduced from 2 hours to 26 minutes
NLEX Harbor Link Segment 10; travel time between Valenzuela City and Caloocan
reduced from 1 hour to 5 minutes
NLEX-SLEX Connector Road; travel time from SLEX to NLEX reduced from 2 hours to
20 minutes
Metro Manila Skyway Stage 3; travel time from Buendia to Balintawak reduced from 2
hours to 20 minutes
Alabang-Sucat Skyway Connection and Ramp Extension
Manila Cavite Toll Expressway Project, C-5 South Link Expressway; travel time from R-
1 to C-5 reduced from 40 minutes to 10 minutes
Cavite-Laguna Expressway; travel time between CAVITEX and SLEX reduced from 1
hour and 30 minutes to 45 minutes
SLEX-TR4; travel time from Sto. Tomas Batangas to Lucena City from 2 hours to 1 hour
Quezon-Bicol Expressway
Camarines Sure Expressway; travel time reduced from 51 minutes to 11 minutes
11. Pedestrian Infrastructure Development Program
12. Metro Manila Logistics Improvement Program – expected to ease traffic along EDSA and other
roads in Metro Manila
13. Inter-Island Linkage / Mega Bridge Program
Panguil Bay Bridge; longest bridge in the country
Sama Island-Davao City Connector Bridge
Bataan-Cavite Interlink Bridge
Panay-Guimaras-Negros Link Bridge
Cebu-Mactan Bridge and Coastal Construction Project
Panglao-Tagbilaran City Offshore Connector Bridge
14. Airport Development and Improvement Program; 180 completed airport projects
Mactan Cebu International Airport
Bicol International Airport
Bulacan International Airport
Clark International Airport
Sangley Airport
15. Philippine Railway Network Program
Prepared by: A.L.F. Carino
Build Build Build Program can help jumpstart economic recovery. DPWH reassures the Filipino
people that while the pandemic may have disrupted the implementation of projects, with the right
mindset, scientific advice, and whole-of-government approach, they are still committed to
complete their projects within the next 2 and a half years.
-----------------------------------
Relevant Questions from Netizens:
1. May sapat po ba tayong pondo para labanan ang Covid-19 at ano po ang maaasahan ng
bawat Pilipino sa Economic Recovery Plan?
DBM: May sapat na pondo ang ating pamahalaan upang tugunan at labanan ang Covid-19
pandemic at ito nga ay napatunayan noong naipasa ang Bayanihan to Heal as One Act.
2. Given our national debt increasing at an alarming rate, is there a limit to how much we will be
borrowing? And what are our government’s concrete plans in order for us to pay for it?
DOF: Country’s debt is measured against its ability to produce, or GDP. Our debt used to be
70% of GDP and Duterte’s administration brought it down to around 39%. Because our
collections are down and our expenses are up, we have to borrow money and we are planning
to bring up our debt-to-GDP ratio to around 50% from 39%; and that is still very low mainly
because our interest rates are very low. One of the reason is because our credit rating is very
good. The repayment will come from our taxes in the future, contributed by healthier Filipinos
working. The debt is very manageable, we have the capacity to borrow, and we have the
capacity to pay.
3.
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The next fora and virtual pressers will be on July 15 (Participatory Governance, and Human
Development and Poverty Reduction Clusters) and July 22 (Security, Justice and Peace and Cluster,
and Climate Change Adaptation and Mitigation and Disaster Risk Reduction Cluster), leading up to
the anticipated SONA slated on July 27.
Prepared by: A.L.F. Carino
SUBJECT : Highlights of Pre-SONA Forum of the Economic and Infrastructure Cabinet Clusters
DATE : 9 July 2020
President Rodrigo Duterte’s cabinet holds a forum to showcase the achievements of the Duterte
presidency in the lead up to his fifth State of the Nation Address (SONA) this month. Titled “Tatak ng
Pagbabago 2020: The Pre-SONA Forum,” the three-part forum discusses the government’s package
of policies and programs that ensure and promote the Filipino people’s welfare. This year’s Pre-
SONA focuses on how the Administration is working to ensure that the needs of the Filipino citizenry
are met amid the crises caused by the coronavirus disease 2019 (Covid-19) pandemic.
The first part of the Pre-SONA which aired on July 8, 2020 showed Finance Secretary Carlos
Dominguez and Bangko Sentral ng Pilipinas Governor Benjamin Diokno deliver the report of the
Economic Development Cluster, and Public Works and Highways Secretary Mark Villar deliver the
report of the Infrastructure Cluster.
1. As budgetary support, GOCCs have remitted a total of P149.6 billion since the start of the year
and as of July 3, 2020.
2. As an immediate relief measure, the GSIS has the following programs for its active members:
1. The Philippines entered the global pandemic with strong macroeconomic fundamentals
compared to its regional peers
2. Amid the COVID-19 crisis, the BSP implemented measures to complement the National
Government’s broader health and fiscal programs. The decision to unwind COVID-19 policy
responses must be done in a gradual, prudent and informed manner.
3. BSP remains committed in implementing necessary policy measures and reforms to help the
Philippine economy recover from the COVID-19 crisis and to build its resilience against future
crises.
INFRASTRUCTURE CLUSTER
1. Implementation of the Build Build Build Program is a critical part of the Economic Recovery
Plan of the country.
2. DPWH reassures the Filipino people that while the pandemic may have disrupted the
implementation of projects, with the right mindset, scientific advice, and whole-of-government
approach, they are still committed to complete their projects within the next 2 and a half years.
The next fora and virtual pressers will be on July 15 (Participatory Governance, and Human
Development and Poverty Reduction Clusters) and July 22 (Security, Justice and Peace and Cluster,
and Climate Change Adaptation and Mitigation and Disaster Risk Reduction Cluster), leading up to
the anticipated SONA slated on July 27.
Please see attached document for a detailed report on the Pre-SONA forum.