With P30 Billion in BPI Shares, CBCP Refuses to Donate a Small Drug Rehab Center
The Roman Catholic Church in the Philippines is just all about collecting donations from its members while refusing to donate some of its wealth to needy people.
On Friday, a top official of the Department of Social Welfare and Development (DSWD) said the Catholic Bishop Conference of the Philippines (CBCP), has rejected the former’s appeal from the powerful sect to donate at least one drug rehabilitation center in CALABARZON.
Contrary to what the CBCB said, the sect is the eight biggest stock holder of bank of the Philippine Islands (BPI) with worth of stocks amounting to 30 billion pesos.
The Church also own stocks worth 55 million in other companies like First Philippine Holdings, Philex Petroleum, Concrete Aggregates Corp, and Central Azucarera de Tarlac to name a few.
According to the official who asked not to reveal his name to avoid possible conflicts with the Church, DSWD asked donation to build a 100-bed drug rehabilitation center in Batangas. The facility would cost around P350k to P400k according to the official.
CBCP refused to comment on the DSWD officials’s allegation.