00:00Welcome development to the Senators on the leadership of the Maharlika Investment Corporation in the NGCP.
00:06According to a Senator, this is also a strategy to talk about defense and security.
00:12Daniel Manalastas of PTV in Balitang Pambansa.
00:17The Senators agreed to start the use of the Maharlika Investment Corporation in the Maharlika Investment Fund in the leadership.
00:25According to Senator Juan Miguel Zubiri,
00:28it is welcome to invest 20% stake in the National Grid Corporation of the Philippines or NGCP.
00:35It is a good investment if we are talking about profitability
00:39because our National Grid Operator has no competition.
00:43But more than profitability,
00:45investing in the NGCP is also strategic through defense and security.
00:52For Senator Sherwin Gatchalian,
00:55this development highlights the opportunity for partnership between the private and public sectors.
01:03The government has an eye on the NGCP.
01:06We will see the NGCP's goal that was not shown before.
01:14If you remember the last administration, it was a fight.
01:17It even reached the limits of the law.
01:21The relationship between the government and the NGCP was bloody,
01:29especially during the last administration.
01:32Now, we have an eye on that.
01:34We know what happened.
01:36And we can pressure them to invest.
01:40Senator JV Ejercito hopes that the 40% share of the ownership of the State Grid Corporation of China
01:47will be reacquired by the government.
