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SC Malampaya ruling expected to boost investor confidence
Business World Philippines
|August 04, 2025
THE SUPREME COURT (SC) ruling confirming that the income taxes of private contractors in the Malampaya natural gas project are included in the government's share of proceeds is expected to reassure investors, according to the Department of Energy (DoE).
“We're happy that the issue has been resolved because it gives stability and security to our investors,” Energy Secretary Sharon S. Garin said in an interview last week.
Ms. Garin said that the decision could attract more exploration investment.
In a decision dated July 30, the SC overturned the charges against Shell Philippines Exploration BV., Chevron Malampaya LLC, and state-run PNOC Exploration Corp. for unpaid taxes.
This story is from the August 04, 2025 edition of Business World Philippines.
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