Processing all Marawi siege claims entails P5B-P6B budget

Quick Summary:

IF the government intends to address all the claims filed at the Marawi Compensation Board (MCB), the board needs additional manpower and a budget of P5 billion to P6 billion every year.

In terms of claims that have yet to receive the actual awards, the MCB has approved 685 claims worth P1.16 billion.

This is broken down into P31.56 billion for structure-related claims; P4.44 billion for personal properties; and P71.4 million for the loss of lives.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Nation Regions Top News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 16:01:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22361763

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 53 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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