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Investment in Energy
« on: January 07, 2011, 05:32:22 PM »
President Benigno S. Aquino III on Friday said he is bullish about more investments pouring into the energy sector’s expansion programs.

In an ambush interview after the Vin D’ Honneur at the Rizal Ceremonial Hall, the President said there have been several expansion plans presented to him from many quarters of the energy sector.

He said he met on Thursday with two representatives of one of the biggest business groups of the country who informed him that the biggest stumbling block to the resurgence of manufacturing is the high cost of electricity. “We are working on that,” the President said.

He said the investments in the energy sector expansion is a welcome development.

Citing that managing the economy is his priority, the President said he started the week with an inventory of all the debt that is maturing, which includes the P177 billion accumulated debt of the National Food Authority (NFA), then the debts of Metro Rail Transit (MRT) and the South Luzon Expressway (SLEx).

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