News Release

From the Presidential Spokesperson – On PAL’s settlement of outstanding balance with the government

We are pleased to announce that PAL’s financial obligations to the government amounting to PhP6 billion, which were incurred since 1970s up to July 2017, have finally been settled.

The conclusion of this long-standing issue under the Duterte administration underscores our strong commitment to decisively act on matters that would greatly benefit the nation’s best interest.

This settlement will go a long way in funding the administration’s priority programs.