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Who gained from Aquino’s US and UK visits?

Saturday, June 16, 2012

Who gained from Aquino’s US and UK visits?


By BENJIE OLIVEROS
Bulatlat.com
Malacañang is saying that Pres. Benigno Aquino III’s visit to the UK and the US netted $2.5 billion in investments from Europe and the US. It also said that it has gained the commitment of the US to help improve the country’s external defense capabilities, specifically on the aspect of maritime security.

So if indeed, President Aquino was able to wangle some concrete benefits for the country, why are progressive groups railing against it?

In a press release, the Aquino government said it was able to sign memorandums of understanding and agreement with Pasar-Glencore, Asea Gaz Asia, Royal Dutch Shell, and Nestle. Pasar-Glencore builds and operates copper refineries, while Asea Gaz Asia is a power generation company.

From the US, it claims to have entered into investment agreements with Sithe Global, Denham Capital, GN Power, and Underwriters Laboratories. Sithe Global is a power generation company; Denham Capital is focused on energy and commodities; GN Power is from the energy sector, and Underwriter Laboratories is a product safety testing and certification organization..... MORE

SourceBulatlat.com

URL: http://bulatlat.com/main/2012/06/15/who-gained-from-aquino%E2%80%99s-us-and-uk-visits/

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