Tag: Foreign Ownership
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Philippine Lawmaker Demands Refund of NGCP’s Alleged Excess Earnings
In a recent session at the House of Representatives, the chair of the Ways and Means Committee, Albay Representative Joey Salceda, advocated for new laws to ensure that the National Grid Corporation of the Philippines (NGCP) returns an estimated PHP204.3 billion in excess profits to its consumers. Salceda argued that any profits exceeding the permitted…
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Philippine Lawmaker Proposes Refund of NGCP’s Alleged Excess Earnings to Consumers
In a recent session at the House of Representatives, the chair of the Ways and Means Committee, Albay Representative Joey Salceda, advocated for new laws to ensure that the National Grid Corporation of the Philippines (NGCP) refunds an estimated PHP204.3 billion in excess earnings to its consumers. Salceda argued that any profits exceeding the permitted…
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