PGMA's Statement during the Joint National Disaster Coordinating Council (NDCC) and National Anti-Poverty Commission (NAPC) Cabinet Group Meeting |
| Aguinaldo State Dining Room, Malacaņang, 12 Dec 2006 |
| The
Philippines welcomes the sale of Mirant assets to a consortium led by Tokyo Electric Power
Company and Marubeni Corporation of Japan. This is the peak of business confidence. It's
clear proof that we're on the runway to economic take off on the back of growing political
stability. Moreover, this sale seals the stability of electric power in the Luzon area over the long-term. I thank Mirant for being a superb corporate citizen of the country, and I welcome our Japanese investors as true allies for progress and prosperity. This happy development comes in the heels of Prime Minister Shinzo Abe's commitment of huge development assistance to the Philippines. His commitment combines with investments such as this power venture to build a formidable alliance exemplified by the Japan-Philippines economic partnership agreement. Our tough economic decisions have driven investor confidence to the peak. This will continue to break the back of poverty. It will bring a windfall of jobs and grassroots enterprise. Thank you. Okay, thank you. |