Senator Nancy Binay on Thursday urged the Department of Tourism to review the projects of Nayong Pilipino Foundation (NPF) after the Commission on Audit (COA) reported that its funding will be fully depleted in five or six years.
Binay, Senate tourism committee chairperson, said the DOT should review the P1.5 billion tourism cultural theme park which was already approved by the National Economic Development Authority .
“Again, DOT can also look into NPF's financial and sales projections in the next 5-10 years. Tingnan din ng DOT ang ibang activities that crossline the department's programs, o 'yung mga corporate function that somehow duplicate what other agencies are already doing,” she added. While the government can infuse money to NPF through the annual budget, Senator Francis Escudero said the DOT and the Governance Commission for GOCCs must study the COA report and see how it can improve its current situation.
Senator Grace Poe said the "alarming" COA findings should trigger a review of the mandate and the relevance of the GOCC, as "it can be seen as a mere holding company of idle government assets that could be put to better use." Apart from these properties, Poe said the management of the Rizal Park Orchidarium can be given back to the National Parks Development Committee under the DOT.
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