Sen. Panfilo “Ping” Lacson rejects Sen. Alan Peter Cayetano’s allegation that Lacson’s net worth doubled, saying his 2025 Statement of Assets, Liabilities and Net Worth (SALN) does not reflect improper gains. Lacson says there were no “kickbacks” or budget insertions involved during his tenure as a senator. He points to his SALN figures, arguing that his net worth has not increased in the way Cayetano claims.
In response, Lacson challenges Cayetano’s assertions and counters with accusations related to the national budget. He claims Cayetano secured P6.79 billion in budget “insertions,” framing this as a dispute over how personal wealth growth may be tied to legislative action. Both accounts present Lacson as denying any wrongdoing tied to his financial declarations while also shifting the focus to Cayetano’s purported role in budget provisions. The exchange centers on competing interpretations of SALN changes and alleged influence in budget processes, with Lacson maintaining that his wealth increase, if any, is not the result of kickbacks or insertions.
