DUTERTE DEFENDS FRIEND DENNIS UY, CUSI IN MALAMPAYA BUY-OUT

President Rodrigo Duterte on Friday, February 4, defended the legality of the acquisition by his friend Davao City businessman  Dennis Uy of shares in the Malampaya gas field.

PRESIDENT TELLS SENATE: Let biz sector handle Malampaya deal

Duterte also vouched for the aintegrity of Energy secretary Alfonso Cusi who approved the deal.

“I have seen the report on the sale and purchase of the stock of Chevron Malampaya LLC. Based on this, I am convinced that this was a private transaction between private entities that must be respected,” said Duterte in a statement issued by Malacañang.

In the deal, Uy of Udenna Corporation, through subsidiary firm UC Malampaya Philippines bought Chevron’s 45% stake in the Malampaya gas field.

The Palace issued the statement after the Senate submitted to the Ombudsman a resolution calling for criminal and administrative charges to be filed against Cusi.

President Rodrigo Duterte on Friday slammed the Senate resolution recommending charges against Department of Energy (DOE) Secretary Alfonso Cusi and other officials over the approval of what lawmakers alleged was an anomalous sale of shares in the Malampaya gas field.In a statement,… Read More

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