Quantcast
Latest Stories

Senate run made Nancy Binay P8M richer

By

Senator-elect Nancy Binay. RYAN LEAGOGO/INQUIRER.net

MANILA, Philippines—Senator-elect Nancy Binay was able to save more than P8 million from the campaign contributions she received for the midterm elections.

In the statement of election contributions and expenditures (SOCE) that Binay filed before the Commission on Elections (Comelec), she declared that she received P136,869,398.78 in contributions but spent only P128,695,057.10.

Independent candidate Ramon Montaño also saved more than P5 million in funds as he only spent around P1.3 million. Based on his SOCE, he received a total of P6,629,175 in campaign contributions.

Team PNoy candidate Paolo Benigno Aquino “Bam” Aquino also saved over P1.1 million in campaign funds. He declared that he received P125,493,000.00 donation but spent P124,327,987.81 during the campaign.

Among those who spent a big amount of money during the campaign are former Sen. Jamby Madrigal, who reported that she spent over P39 million but received no donations; Ricardo Penson, who shelled out over P19 million; and Cynthia Villar, who spent almost P134 million but only received P2.6 million in campaign funds.

As of press time, only 15 SOCEs out of the 30 submitted to the Comelec were released to the media.

 Taxable

In an interview, Comelec Chair Sixto Brillantes said the candidates who managed to save some money from their campaign contributions can “keep the money but that is subjected to tax.”

“If they don’t return it to the donor, that is considered part of their income… If they keep it, then that has to be reported as income,” he explained.

Other highlights of SOCEs of candidates:

Juan Ponce “Jack” Enrile—Received P150.7M; spent P150.4M.

Cynthia Villar—Received P2.6M; spent P133.9M.

Alan Peter Cayetano— Received P130.4M; spent P131M.

Grace Poe—Received P123.6M; spent P123.4M.

Ramon Magsaysay—Received P51M; spent P67.1M.

Ernesto Maceda—Received P6.2M; spent P30.8M.

Antonio Trillanes—Received P29.5; spent P30.1M.

Samson Alcantara—Received 0; spent P344,459

Christian Seneres—Received 0; spent P338,205.

John Carlos “JC” Delos Reyes—Received P20,000; spent 0.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: 2013 elections , midterm elections , Nancy Binay , Paolo Benigno Aquino “Bam” Aquino , Philippine Senate , Ramon Montaño , SOCE , statement of election contributions and expenditures




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  2. Chinese lawyers say they were tortured by police
  3. Hair salon’s Kim Jong Un poster riles embassy
  4. Why college grads end up in the PNP
  5. I’ll follow my conscience on Estrada, says JV Ejercito
  6. Town, DENR play tug-of-war over crocodile
  7. Five men from Cavite found dead in jeep in Batangas
  8. Suspect in Vhong Navarro mauling tries to leave PH
  9. Siquijor ‘healer’: For every cure, there’s a plant
  10. Motorcycle race ends in shooting; 1 killed, 6 hurt
  1. Suspect in Vhong Navarro mauling tries to leave PH
  2. Massage attendant arrested on rape complaint filed by Japanese tourist
  3. ‘Tell no one’ Makati bettor won P250M lotto
  4. MH370 co-pilot made mid-flight phone call – report
  5. Netizens cry: 6/55 Lotto was rigged
  6. ‘Wife of Jesus’ theory papyrus not fake – Harvard study
  7. North Korea uses flamethrower to execute official
  8. ‘King’ Yabut and I: Driver bares Makati dad ‘abuses’
  9. Gay college instructor arrested for oral sex with student
  10. It was difficult having Japanese blood
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Pork payoffs to newscasters Erwin Tulfo, Del Prado, others bared
  4. UP back on top as ‘average’ student aces bar
  5. Rookie, lady cops lauded for quick response to MOA heist
  6. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  7. Malaysia averts another air tragedy; pilot lands troubled plane safely
  8. Revilla says he was joking; Lacson stands by his story
  9. Revilla ‘consulted’ Lacson on how he evaded arrest
  10. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
Advertisement

News

  • Luzon grid power reserve ‘enough’ for Holy Week
  • Pimentel proposes incentives for companies that will hire ex-convicts
  • State seeks guilty verdict for Abalos
  • SBMA execs, 2 others face graft raps
  • Pangasinan beachgoers warned vs jellyfish
  • Sports

  • My ideal weight is 140, declares Pacquiao
  • Freddie Roach: I’m satisfied; Manny Pacquiao did well
  • New-look Azkals tie Qatari side
  • San Miguel Beermen eye No. 2 slot, battle Air21 Express
  • Filipinos yield to Iraqis anew Asian club volley
  • Lifestyle

  • Celebrate Easter Sunday at Buddha-Bar Manila
  • Moriones feast: A slow, steady transformation
  • Weaving ‘palaspas’ a tradition kept alive in Tayabas City
  • Finalists announced for best translated books
  • Summer treat for your aspiring astronomers
  • Entertainment

  • Miley Cyrus hospitalized, cancels US concert
  • Otaku Summer Jam 2014: Summer’s hottest J-rock/Cosplay event
  • 2NE1 returns to Manila with “All Or Nothing” Tour
  • Gary Valenciano just keeps moving
  • Noisy celeb spews venom, backs off when confronted
  • Business

  • Longer TRO sought on rate hike
  • Make a stylish statement with the all-new Yaris
  • Hearing set in Olarte case
  • BOC sues steel importers
  • BIR continues to miss collection target
  • Technology

  • Tech company: change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Philippines may watch ‘blood moon’ online
  • Opinion

  • We may never know
  • Couple of things
  • Mommy D’s magic
  • Stop bizarre and bloody Good Friday rituals
  • Holy Week taboos
  • Global Nation

  • No travel restrictions to Middle East amid MERS-CoV scare
  • Measures set against entry of MERS-CoV
  • Japan backs PH in case before UN
  • Las Vegas union starts pickets over wages, benefits
  • Fil-Am Daly City councilor has eye on Superior Court seat
  • Marketplace
    Advertisement