Alyansa Para sa Pagbabago senatorial aspirant Benjamin 'Benhur' Abalos Jr. lauded the recent signing of the Corporate Recovery and Tax Incentives for
Alyansa Para sa Pagbabago senatorial aspirant Benjamin “Benhur” Abalos Jr. lauded the recent signing of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act, saying the new law is a “big boost for the economy.”
He noted that in the Philippines, the average cost of electricity is US$0.18 or P11 per kilowatt-hour, compared to US$0.10 in Indonesia, US$0.08 in Vietnam, and US$0.03 in Malaysia. “A key question is, why is electricity so expensive, and why do some areas still lack reliable power supply? Reliable electricity is a necessity for our people and a critical factor for investment,” Abalos said.
Abalos noted he immediately created a committee to tackle the concern, and within six months, the DILG was able to assist NGCP in addressing the delays and setting up about 20 transmission lines in Mindanao.
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