Legislative Imperatives

PHILIPPINES - Report 03 Oct 2014 by Romeo Bernardo and Christine Tang
We are keenly following three things now on Congress’s plate given their crucial role in keeping confidence and economic growth up in the very short term, as well as over the longer haul. The more immediate one is the President’s request for emergency powers to address a forecast shortage in electricity supply in the Luzon grid next summer. (See Quarterly Report “A Bend in the Road,” August 6, 2014). There is some urgency to this, and we expect a favorable joint resolution from Congress, likely within the month. However, the burning issue is not whether or not emergency powers will be grant...

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