Don’t sell PH assets in Japan, Koko urges Duterte

Published October 2, 2020, 12:17 PM

by Mario Casayuran

Sen. Koko Pimentel III urged President Duterte not to sell the country’s assets in Tokyo and Kobe, Japan to raise funds as a stopgap measure to prevent the Philippine Health Insurance Corp. (PhilHealth) from going bankrupt.

Sen. Aquilino “Koko” Pimentel III (MANILA BULLETIN FILE PHOTO)

These Philippine properties in Japan, being war reparations, are properties belonging to the public domain, Pimentel, chairman of the Senate Committee on Foreign Relations, said.

‘’They belong to the Filipino people. Do not sell. Anyway there is no clamor or even sentiment from the people to sell these,’’ he added.

President Duterte said the graft-ridden State health insurer might end up cash-strapped if it would not be given interventions.

“That is why we are selling properties. That is the reason why we are selling properties, real estate properties in Japan, because we have to raise money,” he added.