Monsod: Mining firms do not deserve incentives

Lala Rimando

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Former economic planning secretary and economics professor Solita "Winnie" Monsod said the government should not grant incentives to mining firms because they will invest their money here anyway.

MANILA, Philippines – Former economic planning secretary and economics professor Solita “Winnie” Monsod said the government should not grant incentives to mining firms because they will invest their money here anyway.

She said that, unlike export-oriented and “footloose” investments, mining firms come to the Philippines, a mineral-rich country.

She belied previous statements of the mining companies that they are a growth driver in the Philippine economy.

She spoke to Move.PH’s Lala Rimando at the sidelines of the Punongbayan & Araullo business forum in Shangrila Hotel Manila on October 19.

For the existing mining contracts in the Philippines, view this #WhyMining map.

How does mining affect you? Are you pro or against mining? Engage, discuss & take a stand! Visit Rappler’s #WhyMining microsite for the latest stories on issues affecting the mining sector. Join the conversation by emailing whymining@rappler.com your views on the issue.

For other views on mining, read:

Yes to Mining No to Mining

More on #WhyMining:

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI
Download the Rappler App!