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PBSP bares P131.5M Guimaras rehab program

October 25, 2006

THE Philippine Business for Social Program (PBSP), a corporate-led foundation dedicated to the promotion of business sector involvement in social development, is proposing a P131.5-million rehabilitation program for Guimaras.

The program, according to its 31-page “Guimaras Area Resource Management Program” report, has three components, namely rehabilitation of the socio-economic system, resource or environmental regeneration and organizational development.

Under its proposal, PBSP and its members would be shelling out P81.6 million or 62 percent of the total program cost, while the government and the community will put up a counterpart of P11.4 million and P5.7 million respectively. The remaining P32 million will be sourced from other initiatives.

The funds will then cover livelihood rehabilitation (P90.7 million), ecological system rehabilitation (P12.5 million), organization system and basic services (P19.5 million), and administration (P8.7 million), adds the report.

“The goal of the (program) is the economic rehabilitation of the communities affected by the oil spill through business sector commitment and the provision of livelihood interventions that provides income above the poverty threshold,” the report said.

(For the full story, click Sunstar Iloilo, Oct. 25, 2006.)

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AFTER failing miserably in living up to Petron’s CSR, chairman Nick Alcantara has managed to hoodwink some of the most honorable CEOs on PBSP’s Board of Trustees to spend for what his company should be paying for in the first place.

Check out this link to know the good people on PBSP’s Board of Trustees, and the other members who have sadly colluded with Petron in downplaying the Guimaras oil spill.

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