Corruption
Ok get this, Gloria Macapagal Arroyo, the President of the Philippines, is urging motorists to use Petron Gas stations because they supposedly havent raised prices as much as other companies. Great. Several problems are apparent with this.
#1 The Philippine government owns 40% of the Petron. The other 40% is owned by the Saudi oil company Aramco. The remaining 20% is owned by locals in the Philippines, probably good friends of Arroyo's. This is very bad and a good reason to see corruption.
#2 Arroyo has tried on several occasions to increase government ownership of Petron. All at the same time inflicting new taxes on Filipinos. Increase taxes on Filipinos in order to give more money to a company owned 40% by Saudis and 20% by rich Filipinos.
None of this makes sense. Mr Abat is not far off, but he is not the one to make the changes.
Yes, The GLF is focused on the Philippines.
#1 The Philippine government owns 40% of the Petron. The other 40% is owned by the Saudi oil company Aramco. The remaining 20% is owned by locals in the Philippines, probably good friends of Arroyo's. This is very bad and a good reason to see corruption.
#2 Arroyo has tried on several occasions to increase government ownership of Petron. All at the same time inflicting new taxes on Filipinos. Increase taxes on Filipinos in order to give more money to a company owned 40% by Saudis and 20% by rich Filipinos.
None of this makes sense. Mr Abat is not far off, but he is not the one to make the changes.
Yes, The GLF is focused on the Philippines.
