BUSINESSMAN Ramon Ang is open to sell oil firm Petron back to the government.
In a House Committee on Ways and Means hearing, Ang, who is President and Chief Executive Officer of Petron Corporation, said he is open to sell Petron any time as long as long as it is paid even in a few years.
“‘Yung sina-suggest na bilhin ng gobyerno ‘yung Petron, privatization, anytime po.
“Puwede ko pa ipautang sa Philippine government. Bilhin ninyo ito ng over five years to pay. Ano ho ‘yan, I swear kung gusto ng gobyerno bilhin, handa niyo na, sabihin niyo na, bebenta ko kaagad sa inyo. Pagawaan niyo na ng valuation immediately, walang arte-arte,” according to Ang.
“Kung sa tingin ninyo jackpot ‘yung negosyong ‘yan, let the government buy it. Market valuation ‘yan. ‘Di ko kailangan tubuan ang gobyerno,” he added.
Under the proposed House Bill 244 authored by some militant legislators, it called for the “re-nationalization” of Petron Corporation.
It said that because of privatization, liberalization, and deregulation of the oil industry, there was no control anymore regarding spikes in the prices of petroleum products.
“This bill requires, as an imperative for an urgent and long-term response to the looming crisis, the renationalization of Petron Corporation, so that the valuable government asset can truly fulfill the responsibility of the State to ensure public welfare through fair and regulated prices,” according to the proposed bill.
(PHOTO CREDIT: petron.com)