Share

SC rules Palawan not entitled to share in $10B Malampaya revenues – sources

MANILA – The Supreme Court (SC) has unanimously voted to deny the province of Palawan its share in gross revenues of the Malampaya natural gas project, sources told ABS-CBN News. 

Voting 13-0, the high court on Tuesday rejected Palawan’s claim that it is entitled to 40 percent of the estimated $8 billion to $10 billion in government revenues from the project.

Of the 14 sitting justices, only Associate Justice Rosmari Carandang was not able to vote because she was on leave Tuesday.

The province cited the Constitution and the Local Government Code in laying claim to earnings of Malampaya, a deep-water natural gas facility off the coast of Palawan.

The national government, on the other hand, argued that Malampaya is outside Palawan’s 15-kilometer municipal waters, hence, it is part of the national territory. 

All revenues should, therefore, go to the national coffers.

The SC has yet to release a copy of the decision.

Supreme Court spokesperson Midas Marquez, in a press conference Tuesday afternoon, confirmed that the Malampaya case was among 200 items taken up during the weekly SC en banc session but refused to give any details, saying the case is still pending. 

Article source: http://news.abs-cbn.com/news/12/04/18/sc-rules-palawan-not-entitled-to-share-in-10b-malampaya-revenues-sources

Loading...

Best Wordpress Plugin development company in India     Best Web development company in India