P100,000 gift for centenarians
05 July 2016
President Benigno Aquino III signed into law on June 23 the Congress-approved bill granting a P100,000 cash incentive to Filipino centenarians, a similar measure he vetoed in 2013. The new law grants Filipinos – whether residing in the country or abroad – who reach 100 years old various rewards and incentives, including a cash gift of P100,000 and a presidential letter of felicitation. Some 7,000 Filipinos are expected to benefit from the law.
