Philippines to send Chinese energy experts home
Manila
THE Philippines said on Wednesday that it would end Chinese technical involvement in running the country's power grid, partly due to national security concerns. All 16 Chinese technicians currently working for the National Grid Corporation of the Philippines will be sent home by July, Energy Secretary Jericho Petilla told AFP.
The State Grid Corporation of China has a 40 per cent stake in the Philippine firm, which operates and maintains the nation's power grid, but Mr Petilla said the government wanted only Filipinos to run it.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting