Sources within the economic team told The STAR that MIC president and CEO Rafael Consing, a topnotch investment banker, asked for salaries for himself and some technical positions that were claimed “too high.”
For Consing alone, one source said that he asked for a basic pay of P2.5 million per month, higher than that of members of the Monetary Board and close to what BSP Governor Eli Remolona Jr. is receiving.
Remolona topped the list of highest paid executives in the government last year.
“Everything that he is asking for the technical positions and for himself are high, above BSP,” the source said.
“How do we justify to the public a salary structure that’s even higher than BSP when you have yet to prove anything?” the source said.
Based on the 2023 Commission on Audit report on government salaries and allowances, Remolona received a net pay of P35.48 million last year or about P2.95 million per month.
Esta historia es de la edición July 15, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 15, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
P27-M disallowance vs PhilSOC upheld
The Commission on Audit has upheld the validity of a Notice of Disallowance (ND) covering a P27.22-million fund transferred by the Philippine Sports Commission (PSC) to the Philippine Southeast Asian Games Organizing Committee (PhilSOC) in preparation for the 2005 Southeast Asian Games.
![HEART EVANGELISTA: IT REALLY PAYS TO BE KIND](https://reseuro.magzter.com/100x125/articles/21915/1801995/uav1v2LD01723921744679/HEART-EVANGELISTA-IT-REALLY-PAYS-TO-BE-KIND.jpg)
HEART EVANGELISTA: IT REALLY PAYS TO BE KIND
HEART EVANGELISTA looked stunning and elegant wearing a demi-couture Giambattista Valli dress and transparent platform heels from an Italian brand Le Silla during her recent guesting on “Fast Talk with Boy Abunda.” She completed her glamorous look with jewelry pieces from her personal collection and layered them effortlessly.
PERA contributions reach P457 M in H1
Voluntary retirement contributions rose by 24.3 percent to P457.6 million in the first half from P368 million in the same period last year as more and more Filipinos participate in the government’s Personal Equity and Retirement Account (PERA) program.
Shakey's expects income to recover in 2nd half
Shakey’s Pizza Asia Ventures Inc. (SPAVI) expects income to recover in the second half after dropping by 14 percent to P421 million from January to June.
![Senate approves livestock dev't bill](https://reseuro.magzter.com/100x125/articles/21915/1801995/uaflJe8sm1723921561515/SENATE-APPROVES-LIVESTOCK-DEVT-BILL.jpg)
Senate approves livestock dev't bill
The Senate has approved on third and final reading a proposed measure that would bolster the growth and enhance the productivity of the country’s livestock, poultry and dairy (LPD) industry.
To prioritize key infra projects DPWH, ADB boost tie up
The Department of Public Works and Highways (DPWH) is strengthening its partnership with the asian Development Bank (aDB) to prioritize the country’s key infrastructure projects.
June Mar looking at 8th Wonder
San Miguel Beer titan June Mar Fajardo is poised to rewrite history in today’s PBA Leo Awards with SMB teammate CJ Perez and Terrafirma’s Christian Standhardinger out to spoil the Kraken’s party.
![Harris pledges to tackle costs, build houses, lower taxes](https://reseuro.magzter.com/100x125/articles/21915/1801995/43d67UGFm1723921262327/HARRIS-PLEDGES-TO-TACKLE-COSTS-BUILD-HOUSES-LOWER-TAXES.jpg)
Harris pledges to tackle costs, build houses, lower taxes
US Vice President Kamala Harris outlined proposals to cut taxes for most Americans, ban “price gouging” by grocers and build more affordable housing on Friday as part of the “opportunity economy” that she plans to pursue if she wins the White House.
Biden: Gaza ceasefire deal much closer
DOHA Reuters) Gaza ceasefire talks here paused on Friday with negotiators to meet again next week, seeking an agreement to end fighting between Israel and Hamas and free remaining hostages, as US President Joe Biden said we're not there yet.”
![Indian doctors stage nationwide strike over colleague's rape-slay](https://reseuro.magzter.com/100x125/articles/21915/1801995/R8Tsqn3vE1723921151281/INDIAN-DOCTORS-STAGE-NATIONWIDE-STRIKE-OVER-COLLEAGUES-RAPESLAY.jpg)
Indian doctors stage nationwide strike over colleague's rape-slay
Indian doctors yesterday launched a nationwide strike, escalating protests after the “barbaric” rape and killing of their colleague that has channeled outrage at the chronic issue of violence against women.