P-Noy net worth up by P1.3 M

MANILA, Philippines - President Aquino disclosed yesterday that he became richer by P1.3 million last year due to interest on his bank deposit.

The gain, he said, was reflected in his statement of assets, liabilities and net worth (SALN) for 2013 submitted to the Office of the Ombudsman ahead of the April 30 deadline.

Aquino told reporters he had divested all his other shares and only his cash on hand was earning interest.

The President said his sisters were the ones spending for his personal needs like clothes and he would have to pay them back “by the time that I recover full control of the assets that I have.”

“So I expect my last SALN (in 2016) to have a marked reduction,” Aquino said in an ambush interview after the launching of Fabrication Laboratory (FABLAB) at Bohol Island State University in Tagbilaran City, Bohol.

Under Republic Act No. 6713 or the Code of Conduct and Ethical Standards for Public Officials and Employees, all public officials and employees are required to declare under oath their assets, liabilities, net worth and financial and business interests as of Dec. 31 of the preceding year.

With his P120,000 per month salary, the President said even his personal expenditures were being liquidated.

In his 2010 SALN, Aquino declared a P54.9-million net worth. In 2011, the President’s net worth was P65,130,264.

In 2012, his SALN slightly decreased to P65,128,604 million after he sold one of his luxury vehicles.

Aquino’s assets are mostly real estate properties, including two residential lots and a house, a commercial lot and two agricultural lots. He does not have any liabilities based on his SALN.

Vice President Jejomar Binay’s assets increased by only P300,000 in 2013 based on his SALN obtained by The STAR yesterday.

Binay now has a total worth of P60.118 million. In 2012, Binay reported assets worth P59.804 million.

His latest SALN showed that he still has P13.878 million in real properties and P52.293 million in other properties including P28.738 million in cash.

The increase in his money in the bank last year from only P22.5 million in 2012 is apparently due to receipt of previously listed receivables of P6 million.

Binay listed lower liabilities worth P6.052 million (P6.5 million in 2012) covering payables for a lease-to-own vehicle and income tax payables.

The vice president said he still owns seven lots and a house in Makati, Laguna and Batangas as well as three agricultural lands in Laguna, Bataan and Isabela all worth P13.878 million.

Binay said he has P11.167 million worth of vehicles, P6.2 million worth of furniture, antiques, clothing and other personal valuables; and P4.186 million in business interests from his wife’s flower shop.

He listed four relatives in government, including Senator Nancy Binay, Makati City Mayor Jejomar Erwin Binay Jr., Makati Second District Rep. Mar-len Abigail Binay, and his executive assistant Marita Angeline Binay-Alcantara. With Jose Rodel Clapano, Michael Punongbayan