We are already struggling with ridiculously high oil prices and instantaneous oil price hike. This is because of the fact we don't produce it and due to government's lack of control. Despite these facts, our government is to sell our already small share in Malampaya? WOW!
Food Terminal Inc. (FTI), Property in Fujimi, Japan (source)
Apart from the lease of the Fujimi property, the government is also eyeing to sell the Food Terminal Inc. and its stake Philippine National Oil Co.-Exploration Corp. and in the Malampaya natural gas project.
