If his report will be the basis, Pnoy’s latest seven-day tour to the United Kingdom and the US is more of a junket or pleasure trip than a working visit.
The investments he had boasted of having secured during the trip were ALL ANNOUNCED by the concerned companies LONG BEFORE he left for the two countries.
The plan of GN Power Limited of America to build two coal-fired, 300-megawatt power plants in Bataan had been officially revealed since last year.
As early as February this year, Cebu Pacific had commissioned Rolls Royce for the supply of eight Trent 700 engines for the Airbus A330-300 aircraft in its fleet.
Last week, Aboitiz Equity Ventures signed a memorandum of agreement with Gaz Asia Ltd. For the development, construction and operation of plants that will convert organic waste into liquid bio methane.
The United States Agency for International Development (US AID) program to bring the benefits of mobile banking to rural areas has been ongoing g and had been started during the term of former President Gloria Macapagal-Arroyo.
Strictly speaking, the ONLY NEW INVESTMENT Pnoy had brought home was the plan of Underwriters Laboratories Inc. to put up a global technology center in Manila.
But since Pnoy claimed that the investment pledges he had brought home totaled $2.5 billion, then this amount could not be for the Underwriters project alone since it’s just one of the supposed package.
So what $2.5 billion is Pnoy talking about?
What exactly is the reason for his US and UK trips, for which he WASTED P87-MILLION plus of our hard-earned taxes, our monies?
Personally, I can think of two.
First is for Pnoy to have the OPPORTUNITY to BOAST to UK ad US officials and media of his purported accomplishments, especially the ouster of former Chief Justice Renato Corona. (even if it was the Senate who convicted Corona and not him).
He attacked Corona in a gathering in Los Angeles, California, USA remember?’
Second: The trip was an EXTRAVAGANT post celebration of Corona’s conviction. I can’t think of a better adjective for spending P87 million in a week, or more than P12 million a day, for a trip with ONLY ONE NEW INVESTMENT in return. 30
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