Lawmakers elated with use of fund for MIC in investment

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00:00Some of the Senators were pleased that the Maharlika Investment Corporation is using its funds for investments.

00:08Senator Juan Miguel Zubiri welcomes the move to purchase 20% of the shares of the National Grid Corporation of the Philippines, or NGCP.

00:16According to Zubiri, it is a good investment not just in terms of profitability, but in defense and security as well.

00:23For Senator Sherwin Gatchalian, this development highlights the opportunity in partnerships between the public and the private sector.

00:31Meanwhile, Senator JV Ejercito is hoping to government can acquire 40% of the shares of the State Grid Corporation.

00:53In the last administration, there was a lot of fighting. It even reached the level of violence.

01:01So, the relationship between the government and NGCP was bloody, especially during the last administration.

01:10So now, we have our eyes on that. We know what happened. And we can pressure them to invest.

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