Correction, please
This is to correct three errors in
the news item titled "NMLC to provide RoRo service in
Aurora."
First, the title "NMLC to provide
RoRo service in Aurora" is inaccurate and misleading
because it gives the impression that NMLC is engaged in
RoRo transport operation. The NMLC is a financial
leasing company which acquires RoRo vessels to be leased
to qualified operators.
Second, the phrase in the first
paragraph which states that "NDC Maritime Leasing Corp.
(NMLC) has entered an agreement with the province of
Aurora for a RoRo service" is wrong. What NMLC signed
with the Northeastern Luzon Pacific Coastal Service Inc.
(NLPCSI) is a Memorandum of Understanding (MOU). The MOU
was for NMLC to provide technical assistance to NLPCSI
in the conduct of the development study.
Third, the phrase in the second paragraph, "NMLC, 100
percent owned by the Development Bank of the Philippines
(DBP)" is also wrong. NMLC is 100 percent wholly owned
subsidiary of the National Development Company. -
ANTONIO D. IGCALINOS, NMLC Corporate Communications
Officer
