Bantay Kita
  • Home
  • Updates
  • Resources
    • Videos
    • Presentations
    • Publications
    • Photos
    • Policies >
      • Current
      • Pending
    • Infographics
    • Modules
  • About Us

PH-EITI launches first country report

1/14/2015

0 Comments

 
Manila, Philippines – PricewaterhouseCoopers (PwC), an independent administrator reported discrepancies amounting to P2.87 billion. Large-scale mining and oil and gas firms declared P53.66 billion worth of payment while government records show that only P50.79 billion was received from participating companies.​
Aside from the reconciliation report, the PH-EITI report also includes separate volumes for contextual information and annexes.

According to Pocholo Domondon, assurance director of PwC, there were many factors which resulted to the reported discrepancies.
The government agencies and the companies had different accounting frameworks, which may explain the variance between the reported payments.

Moreover, according to Domondon, the government does not declare anything that they have received from the companies unless they have actually received these funds from the companies. This is not the case with the companies for they report payments using an approval basis.

According to Marie Gay Alessandra Ordenes, PH-EITI national coordinator, some companies also refused to sign the waiver that should allow the Bureau of Internal Revenue (BIR) to disclose their tax records.

The EITI multistakeholder group (MSG) composed of Bantay Kita, representatives from the government, and the extractive industries have initially agreed on a list of documents to be disclosed by the government. However, some agencies such as the Board of Investments (BOI) and the National Commission on Indigenous Peoples (NCIP) denied the EITI MSG access to the information needed to complete the report.

“Bantay Kita strongly believes that none of the information requested by the EITI MSG that was initially or is still being denied is covered by any legitimate right to information exception, whether by jurisprudence or by law,” said Cielo Magno, Bantay Kita national coordinator.

NCIP eventually committed to release copies of the memoranda of agreement (MOA) with indigenous peoples in mining communities upon pressure from the EITI MSG.

“The first PH-EITI report is a great achievement by the EITI MSG, but we should not rest on our laurels. We must surpass what we have accomplished this year and we can only that if we are provided with clear procedural guidelines and timetables that would balance other rights and legitimate public interest,” Magno added.

The PH-EITI report will be officially launched on February 3, 2015 at Sofitel Philippine Plaza Manila. This will be followed by the Bantay Kita PH-EITI CSO National Conference on February 4-5, 2015 at Microtel, UP Technohub. A total of 200 participants coming from different organizations and institutions from all over the country are expected to take part in the events.

“Bantay Kita, as a civil society organization partner of EITI is committed in this partnership and we hope that will contribute to our advocacy for better governance in the natural resource sector in the extractives and better quality of life for our communities that are affected by the extractive industries,” said Tess Tabada, Bantay Kita CSO Representative.​
0 Comments



Leave a Reply.

    Previous Posts

    October 2021
    April 2021
    November 2020
    October 2020
    September 2020
    March 2020
    November 2019
    August 2019
    April 2019
    March 2019
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    March 2017
    February 2017
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    March 2015
    February 2015
    January 2015
    November 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    March 2014

    Topics

    All
    2016
    Activities
    Benefical Ownership
    Coal
    CSO
    Eiti
    Mining
    NatCon
    National
    OGP
    Semirara
    Transparency

      Subscribe to Updates now!

    Subscribe to Newsletter

What We Do

Advocacy
Research
Subnational
​Capacity-Building

Know More

Photos
Presentations
Publication
Policies
Infographics
Modules​

About Us

Secretariat
History
Reports
Contact Us
Contact Us
secretariat@bantaykita.ph  | (02) 7373-0439
1402 West Trade Building, West Avenue,
​Brgy. Phil-Am, Quezon City, Philippines
  • Home
  • Updates
  • Resources
    • Videos
    • Presentations
    • Publications
    • Photos
    • Policies >
      • Current
      • Pending
    • Infographics
    • Modules
  • About Us