OPINION | The first 100 days: The Good, the Bad, and the Ugly By Romeo L. Bernardo READ:
By Romeo L. BernardoI am pleased to share with readers a post that Christine Tang and I wrote on Oct. 10 for subscribers of Globalsource Partnersne hundred days have passed since Ferdinand Marcos, Jr., the late dictator’s son and namesake, was sworn in as the 17President of the Philippines. So far, he has behaved as we expected, i.e., not like his father. Although we had said that this is both good and bad, the overall net sentiment of businesses seems to lean towards the former.
4. Decisiveness in acting on major pending issues that threatened the country’s energy security, including approval of Prime Infrastructure Capital’s acquisition of Shell Philippines Exploration BV’s 45% stake in the Malampaya gas field, as well as determination by the Department of Justice that renewable energy is not covered by 60-40 restriction on foreign equity.
The other disappointment is that the President has yet to convene the Legislative-Executive Development Advisory Council . The body, which is composed of the leaderships of the executive and legislative branches as well as representatives from public and private sectors, is crucial to ensure that the two branches work in sync and priority reforms are not delayed in congress.
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