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Wednesday, April 23, 2008 |
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Meralco hikes rates anew
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Increase belies assurances on cheaper electricity
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Consumers’ electricity bills in franchise
areas of the Manila Electric Co. (Meralco) shot up in April despite
assurances from the Energy Regulatory Commission (ERC) that power
rates will not increase at what is considered as the start of the
hot season in the country.
The season usually lasts until June.
Based on actual billings for this month,
adjustments in the Lopez-controlled distribution utility’s
generation, distribution, system loss, and transmission charges have
resulted in a P0.9753 per kilowatt hour increase in electricity
rates.
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O T H E R R E P O R T S
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President wants Senate to
ratify protocol vs. torture
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President Gloria Arroyo on Tuesday said she
wants Congress to ratify the Optional Protocol against torture and
four other pending treaties. She made the proposal during a meeting
of the Legislative-Executive Development Advisory Council in
Malacañang.
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Villar, Gordon back reduced NFA powers
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Senate President Manuel Villar Jr. and Sen.
Richard Gordon supported on Tuesday a proposal of Sen. Edgardo
Angara to clip the trading powers of the National Food Authority (NFA)
and transfer them to the private sector.
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EXCLUSIVE
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Spanish firms looking to invest in Philippines
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A group of 20 Spanish companies will join a
mission to the Philippines in late May to look for possible
investment opportunities in energy, biofuels, infrastructure,
tourism, environment, and engineering.
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FEATURE
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Dark choco can lower cholesterol
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WASHINGTON: The results of a University of Illinois study have
demonstrated that eating chocolate bars can effectively lower
cholesterol levels.
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Removal of ‘generics-only’ rule likely–Roxas
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The “generics-only” provision of a bill on cheaper drugs will
likely be removed from the proposal, Sen. Manuel “Mar” Roxas
2nd, said on Tuesday.
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Foreign businessmen oppose wage increase
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The Joint Foreign Chambers on Tuesday slammed
the government’s plan to increase the daily minimum wage intended
to offset soaring prices of basic commodities.
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