Operator of LRT-1 ready to face probe after Duterte’s new rants
THE operator of Light Rail Transit Line 1 (LRT-1) is ready to cooperate should the government push through with an investigation into an alleged irregularity in its concession agreement.
Light Rail Manila Corp. (LRMC) issued the statement after President Rodrigo R. Duterte said in a speech last week that he wanted a review of the government’s contract with the company on the operations of LRT-1.
“LRMC will cooperate with the government if there is an inquiry on its concession agreement. LRMC remains committed to providing a safe, reliable, efficient, and comfortable transportation service to the commuting public within its area of operations,” Jacqueline Gorospe, the company’s corporate communications head, said in a phone message to BusinessWorld on Monday. READ MORE
THE TECHNICAL CHARTS
- President made several remarks over the weekend and this for sure makes the investors fear for more falls
- We should see more falls in the coming weeks as the President cleans up the economy
- We at FINWAZE feels safe investing in the market as the President clears the speculators and drive them to somewhere else
- We should see more genuine investors investing the PSE in the long term