Japanese Chamber Questions Joint Order on Natural Resource Contract Bidding
The Japanese Chamber of Commerce and Industry of the Philippines, Inc. (JCCIPI) has voiced concerns over a joint administrative order by the Department of Energy (DOE) and Department of Environment and Natural Resources (DENR) concerning the bidding process for natural resource contracts. JCCIPI specifically highlighted a provision requiring existing operators to surrender privately owned assets upon contract expiration, arguing it poses investment risks and could deter foreign investment.
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