Folks, The Malampaya Fund is supposed to be intact as PNoy is supposed to be very judicious and strict about its use. newsinfo.inquirer.net/491851/president-very-strict-about-malampaya-fund-now-p130b Here are some more information about the nature and use of the Malampaya Fund. gmanetwork/news/story/332006/news/nation/revised-law-sought-as-marcos-era-legislation-confounds-malampaya-fund-managers And yet, the Department of Energy has just signed an agreement with the US Eximbank for US$1 Billion finance guarantee of Philippine energy projects. Why need the US$1 Billion if the Malampaya Fund is intact? How much will this guarantee ultimately cost the Philippine taxpayers? We really need the Freedom of Information Law to get clear answers today and henceforth. At any rate, you may want to take this up with your favorite Congressman or Senator and suggest to him/her an inquiry in aid of legislation. Who knows, the PDs governing the Malampaya Fund may be amended and improved upon based on our present needs and the exigencies of the times. philstar/business/2014/03/21/1303281/doe-inks-finance-guarantee-us-eximbank-re-projects Get your Congresswo/men to also work on the Freedom of Information Law.
Posted on: Mon, 24 Mar 2014 16:00:24 +0000