00:00Welcome development for the Senators
00:02is the initiative of the Maharlika Investment Corporation in the NGCP.
00:06According to one Senator,
00:08not only is it profitable,
00:09but the MICC's move is also strategic
00:12in the matter of defense and security.
00:14Daniel Manalasta is in the center of the news.
00:19The Senators agreed to start the use of the Maharlika Investment Corporation
00:24in the Maharlika Investment Fund in the initiative.
00:27According to Senator Juan Miguel Zubiri,
00:29it is welcome to invest 20% stake
00:33in the National Grid Corporation of the Philippines or NGCP.
00:37It is a good investment if we are talking about profitability
00:41because our National Grid operator has no competition.
00:45But more than profitability,
00:47investing in the NGCP is also strategic
00:51in the matter of defense and security.
00:54For Senator Sherwin Gatchalian,
00:56this development highlights the opportunity for partnership
01:01between the private and public sectors.
01:04The government now has an eye inside the NGCP.
01:08We can now see the NGCP's goal that was not shown before.
01:15If you can remember, in the last administration,
01:17it was a fight.
01:18It even reached the limits of the limits.
01:23The relationship between the government and the NGCP was bloody,
01:31especially during the last administration.
01:33Now, we have an eye there.
01:36We know what happened.
01:38We can now pressure them to invest.
01:41Senator JV Ejercito hopes that the 40% share
01:45owned by the State Grid Corporation of China
01:48will be acquired by the government.
01:51Daniel Meralastas for Pambansang TV in Bagong, Philippines.
