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MANILA, Philippines mdash; Sen. Risa Hontiveros on Monday claimed that the government had been losing P7.4 billion every year due to the tax exemptions given to the National Grid Corp. of the Philippines NGCP .Hontiveros made the remark as she called for a security stanley cup audit of the national grid system and a legislative inquiry into the operations of the NGCP.Citing financial data, Hontiveros lamented how the government had been losing money while the NGCP as a natural monopoly is raking in the profits.Article continues after this advertisement As of 2018, NGCP has regained its estimated P180-billion investment from the profits of the transmission business. Yet there are still 15 years left in the 25-year lifespa stanley flask n of the concession agreement, she said, speaking partly in Filipino.FEATURED STORIESNEWSINFOViral video of drunk cop gets QCPD chief firedNEWSINFO7 bakery workers killed in Cupang, Antipolo City stabbingNEWSINFOLacson to PNP: Recover ransom in Que slay case to regain public trustThis contract, she pointed out, would still be renewable for another 25 years.Aside from these, NGCP enjoys tax exemption privileges granted by its franchise. The go stanley cup vernment has foregone tax revenues of around P7.4 billion annually because of this exemption, she added.According to her, before the privatization of the power transmission business, state-owned National Transmission Corp. Transco used to pay P9.5 billion in taxes.Today, however, NGCP Iexm Duterte on Hidilyn Diaz s Asian Games gold: Wow!
Justice Secretary Vitaliano Aguirre II File photo by MARIANNE BERMUDEZ / Philippine Daily Inquirer J stanley nz ustice Secretary Vitaliano Aguirre IIon Mondaycalled his critics ignorant for calling for his resignation and accusing him of bungling the complaint the led to the dismissal of the drug case against businessman Peter Lim, self-confessed drug distributor Kerwin Espinosa, convicted drug lord Peter Co, and several others.Earlier, Senator Risa Hontiveros called for a lsquo;radical overhaulrsquo; of the countryrsquo judicial system which was damaged by Aguirrersquo actions and the governmentrsquo war on drugs.Article continues after this advertisement READ:Hontiveros urges lsquo;radical overhaulrsquo; of PH judicial systemFEATURED STORIESNEWSINFOViral video of drunk cop gets QCPD chief firedNEWSINFO7 bakery workers killed in Cupang, Antipolo City stabbingNEWSINFOLacson to PNP: Recover ransom in Que slay case to regain public trustHontiveros said Aguirre ldq stanley hrnek uo;is a manufacturer and peddler of fake news. He is a cook of fake cases. And now, a reliable friend of criminal masterminds, extrajudicial killers, a stanley isolierkanne nd drug lords.She has called on Aguirre to resign. A similar call was also made by members of the Akbayan Party-list who held a protest rally at the DOJ.But Aguirre said, Mga ignorante ang mga lsquo;yan. Kahit alam nila na tama ako, ginagawa nila lsquo;yan just to put us in a bad light. They are ignorant. They know that I am ri |
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