OVER the weekend, Cagayan de Oro Rep. Rufus Rodriguez called for the grant of a fresh legislative franchise to Meralco, saying that doing so sends a strong signal of economic stability to potential investors — whether local or foreign.
Rodriguez, a member of the House committees on energy and economic affairs, recently filed House Bill 9813 for the grant of a 25-year legislative franchise to Meralco — a measure that the lawmaker emphasized is necessary to build investor confidence in the country.
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