Bureaucratic and legislative kinks must be ironed out first before the incoming Marcos administration can allow the 100 percent foreign ownership of power generation ventures in the country.
President-elect Bongbong Marcos’s statements on Monday, June 20 gave this indication even as he ultimately appeared to be open to the idea of full foreign ownership when it comes to that sector.
“The ownership is one issue but it’s not the main one. And I think if we can take care of all of that first, madali nang pumayag tayo sa 100 percent ownership ,” Marcos.could be generated from this sector, but noted that Philippine policies would have to be “adjusted”. “So and even the bidding process, kung minsan …they have these question, yung tinatawag na guarantees .
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