Sen. Marcos questions proposed Maharlika investment in NGCP

  MANILA, Philippines --- Senator Imee Marcos on Tuesday questioned the proposal for the Maharlika Investment Fund (MIF) to invest in the National Grid Corporation of the Philippines (NGCP). It was Sen. Marcos' cousin, House Speaker Martin Romualdez, who proposed that the MIF invest in the NGCP. "Why should the MIC (Maharlika Investment Corporation) spend money to improve the performance of the NGCP when it is regulated by the Energy Regulatory Commission? Why should we use public funds when regulatory measures are available?" the senator said in a statement. "The problem of NGCP is not lack of cash but lack of performance. The NGCP's comprehensive income totaled P ...Keep on reading: Sen. Marcos questions proposed Maharlika investment in NGCP

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