Instead of potentially letting foreign firms do so, it would be better if the Philippine government take over the shipyard of Hanjin Heavy Industries and Construction in Subic, Zambales.
Sen. Panfilo M. Lacson raised this proposal Wednesday during the Senate’s deliberations on the 2019 budget of the Department of National Defense.
Lacson pointed out the government may use “insertions” deleted from the P3.7-trillion proposed 2019 budget, including P75 billion of the Department of Public Works and Highways.
“What if the Philippine government will just take over Hanjin and bid out to possible partners, private entities? This will mean potential income for the government,” said Lacson, who earlier moved to have the Senate constitute itself into a Committee of the Whole to discuss the issue while tackling the DND’s budget.
Sen. Lacson’s opening statement and first question (to former PN chief V/Adm Ronald Joseph Mercado):
Our career ends when we retire. Our character stays up to the day we die. My interest in this issue at hand lies on my being an author and principal sponsor of the revised AFP modernization law or RA 10349, sometime in 2012, in the 15th Congress. Also, I feel for those whose reputation may have been sullied after being accused based on some tenuous allegations in relation to the P18-billion fund allocation initially earmarked for the frigate acquisition project of the Philippine Navy and the AFP to be sourced from P75-billion appropriations for the revised AFP modernization program. I myself have been vilified like nobody’s business in the past so I can easily relate to them as a matter of experience. Upon the other hand, I join every taxpayer in this country in condemning those whose insatiable greed always gets the better of them and will do whatever it takes to pursue possible criminal charges against those to be found involved in this shenanigan, if any.