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PILIPINO Telephone Corp. (Piltel) said it will cut
charges on local wire line services this month.
In a submission to the National
Telecommunications Commission (NTC), Piltel said its currency
exchange rate adjustment (CERA) further dropped by 15 percent in
August from an 8-percent decline in the previous month.
As of July, the dollar cost
Piltel P46.10 against the base rate of P37.31 in 1998.
Piltel said the currency
adjustment provisions allows it to increase or decrease its local
service rates by 1 percent for every 10 centavo upward or downward
change in the peso-dollar exchange rate.
The telecommunications company
will now charge residential subscribers with rotary set at P378.40 a
month from P392.08, and those with trunkline at P451.60. Commercial
subscribers with rotary set will be charged P756.75, while single
line with pushbutton set and business trunklines will be levied P830
and P1,133, respectively.
Areas covered by the adjustment
include Baguio City, Boac, Marindue; Puerto Princesa, Palawan;
Masbate, Sulu, Zamboanga del Norte and del Sur; Tawi-Tawi, Misamis
Occidental, Davao del Sur, South Cotobato and Sarangani province.
Also covered are subscribers in Olongapo, Zam-bales, Masbate, Mogpog,
Ma-rinduque; General Santos and Digos, Davao del Sur.
--Darwin G. Amojelar
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