Lawmakers: Govt should ask for debt relief

Two party-list lawmakers urged the the Aquino administration to ask for a foreign debt relief amid the havoc brought by recent deadly calamities to the central and southern Philippines.

Bayan Muna Party-list Reps. Neri Colmenares and Carlos Zarate urged the government to ask local and foreign banks for a debt moratorium for the principal amortization and a debt write off for the interest payment to give the country ample funds and time to rehabilitate the areas hit by super typhoon Yolanda and the 7.2-magnitude Bohol quake last October.