Shell turns over $1.1-billion Malampaya royalties to PNoy

- (GMA 7 Business) - 4 months ago...

President Benigno Aquino III on Friday symbolically received a $1.1 billion check representing the government's share of the earnings of the Malampaya Deepwater Gas-to-Power project in 2011. The royalties go to the Malampaya Fund, which was the funding source for the Pantawid Pasada Program and of the P423 million used to acquire the country's new ship, BRP Gregorio del Pilar from the United States....

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