The bible of Philippine politics

Gatchalian seeks one-year moratorium on loan payments for Taal victims

0 26

Senator Win Gatchalian has pressed for a “one-year moratorium” on loan amortizations for residents affected by the Taal Volcano eruption.

The senator made the appeal to help them rebuild their lives amid the calamity. He recently visited Batangas to check the condition of the evacuees and to personally turn over cash assistance to affected towns.

“Kami po ay nakikiramay at nakikiisa sa ating mga kababayan sa Batangas,” Gatchalian said.

“Nandito ho kami para tuloy-tuloy na sumuporta sa mga pangangailangan ng ating mga kababayan at sisiguraduhin po naming sa loob ng Senado na maibibigay po ang pondo para sa rehabilitasyon ng mga nasirang gusali,” he said.

He believes that a one-year moratorium on loan amortization and suspending the imposition of penalties by LGUs to affected business establishments will also revive the local economy.

He filed Senate Resolution No. 289 urging the Government Service Insurance System (GSIS), the Social Security System (SSS) and the Home Development Mutual Fund (Pag-IBIG Fund) to extend calamity or emergency loans to and/or impose a one-year moratorium on loan amortizations of members who are residents of the Taal volcano eruption calamity areas.

SRN 289 also urges local government units (LGUs) to be “more lenient” to affected businesses on the payment of real property taxes, renewal of business permits and imposition of penalties.

It also urges both private and government banks to defer loan payments of affected borrowers.

He said that the GSIS, SSS and Pag-IBIG Fund have not yet issued a moratorium with a term longer than 6 months on the loan amortizations of their respective members and/or pensioners residing in the said calamity areas, nor have these agencies extended calamity assistance or emergency loans to affected members.

Records from the Provincial Disaster Risk Reduction Management Council (PDRRMC) as of January 18 showed that 37,355 families or 162,728 individuals were staying in various evacuation centers in the Province of Batangas.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy