The rehabilitation of the historic Manila Central Post Office should have its seed fund proceeds from fire insurance claims, Sen. Francis “Chiz” Escudero said on Wednesday, May 24. ManilaBulletin
The rehabilitation of the historic Manila Central Post Office should have its seed fund proceeds from fire insurance claims, Sen. Francis “Chiz” Escudero said on Wednesday, May 24.
“That should be the financial cornerstone of its reconstruction. Before any appropriated funds are tapped, insurance should be collected first,” Escudero said in a statement.“The law is clear. The GSIS is the state insurance company of the Republic,” he pointed out. Escudero noted that in 2018, the Commission on Audit issued Circular 2018-002, prodding all government agencies to comply with the law after discovering that there were still government properties not insured with the GIF, or not adequatelyHe also recalled that in 2021, the Philippine Postal Corporation spent P21-million for all types of insurance premiums.
He also said filing of insurance claims should start as soon as possible in order to finance the rehabilitation of the MCPO building.
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