Motu proprio inquiry: National Grid Corporation of the Philippines
The 40% ownership of the State Grid of China in NGCP is one of the many things we should blame on former President Gloria Macapagal Arroyo. And in the middle of the tension in the West Philippine Sea, the former President Duterte downplayed the possibility of the security implication of this in 2020.
During the time of Former President Duterte, the Senate investigated the security implications of the ownership. Senator argued that if China can promise 9 billion dollars in loans and just 924 million, what is the assurance of President Duterte that China will honor its words regarding our power?
Also, who in their right mind would give that much stake to vital and essential needs such as electricity to a country with a very obvious conflict of interest? Apparently the only two China-friendly Presidents (at least of recent history), Rodgrigo Duterte and Sara Duterte’s confidant Gloria Macapagal Arroyo.
In 2023, NGCP admitted that Php 15 billion out of their Php 20.3 billion net income went to dividends, distributed to the investors. This is despite the long list of delayed vital projects which we are being charged monthly —- a clear injustice as these projects are not done yet.
Days before Christmas, the House of Representatives conducted a hearing regarding the franchise of NGCP. Through that, the solons were baffled by the number of obvious franchise violations including failure to open 20% of its shares to the public.
Deputy Speaker Jayjay Suarez moved to conduct a Motu proprio inquiry regarding the franchise of National Grid Corporation of the Philippines. And knowing how important power/ electricity is to us consumers, the businesses, our economy… I support this.
May the good legislative work of the House do us great with this motu proprio. We should amplify this.
@jerkyboyx@MagooBlues MAS BOBO KANG PUTANG INA KANG DILAWAN KA....PILIT NYONG GINAGAWANG BAYANI ANG TRAYDOR NA MGA AQUINO AT ANG AUTISTIC NYANG ANAK...PUTANG INA MO RIN PALA!!!
SPEECH BOBONG NOY²(RIP)"PAANO KUNG WALANG HANGIN"
TALINO MO GAGU
@gmanews Hinde na Tao ang babaeng yan.Demonyo na ang asal/ugali/pananalita at kilos nyan...The Philippines and Filipinos is not safe having a lunatic leader.
@arthur_vee At dito dapat ipakita/patunayan ng mga kinauukulan sa Pilipinas na ang Batas ng Pilipinas ay di pumapabor sa Mayayaman/May Katungkulan/Makapangyarihan tulad ng mga Animal na yan!!!