Duterte orders review of ‘flawed’ lease contract for $1.5B casino-resort | Inquirer News
Tuesday, August 14, 2018
Close  
  • share this

Duterte orders review of ‘flawed’ lease contract for $1.5B casino-resort

By: - Reporter / @JLeonenINQ
/ 07:46 PM August 07, 2018
rodrigo duterte

President Rodrigo Roa Duterte. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

President Rodrigo Duterte has ordered a review of the lease contract between Nayong Pilipino Foundation and Landings Resorts Philippines Development Corp. for a $1.5 billion integrated casino resort in Parañaque City.

The order was made after Malacañang announced that the entire board and management of Nayong Pilipino was sacked over the lease contract that was “grossly disadvantageous” to the government.

In a statement on Tuesday, Presidential Spokesperson Harry Roque said that Duterte had ordered a review of the lease contract for the leisure complex which he described as “flawed.”

ADVERTISEMENT

“In addition to the firing of the entire board of the Nayong Pilipino Foundation, Inc., the President has instructed a review of the Contract of Lease entered by NPFI with Landing Resorts Philippines Development Corp. (LRPDC), which the Chief Executive described, in his own words, as ‘flawed,’” Roque said.

“It was entered into without public bidding and was disadvantageous to the government,” he added. /je

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: duterte, Landings Resorts Philippines Development Corp, lease contract, Nayong Pilipino, Review
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.