Forcing deals on water firms a crime Pangilinan !-- --
Pangilinan, president of the
"Coming as it does from the highest office of the land sends the terrible signal to all investors whether foreign or local that they too can be imprisoned without bail should they disagree with the powers that be," he said. He urged economic managers led by Finance Secretary Carlos Dominguez III to "manage and correct the harm inflicted on the country's investment climate brought about by such reckless and irresponsible public pronouncements.
" He said a bleak investment climate triggered by such statements from Malacaaang dampens economic activity and creation of jobs. Pangilinan cited Socioeconomic Planning Secretary
3 million Filipinos remain jobless and another 5.9 million underemployed.
"We should be part of the solution to address joblessness in the country, not part of the problem," he said. Duterte earlier said the government will present to the two water concessionaires new contracts that will no longer contain onerous provisions, including those that pass taxes on to customers, for them to accept or not.
If Maynilad and
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