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Saturday, May 03, 2008 |
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President: Lower
power rate |
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Time for Meralco to give special treatment to poor |
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By Angelo S. Samonte Reporter
President Gloria Arroyo on Friday
said she wants the Manila Electric Co. (Meralco) to bring down its
electricity rate to P3.52 per kilowatt hour (kWh) from the current
P6 to P10 per kWh.
President
Arroyo cited the recent reduction of generation charges by the
National Power Corp. (Napocor). These charges are imposed by Napocor
on Meralco, a power distributor. Meralco sources its power from its
contracted independent power producers, Napocor and the Wholesale
Electricity Spot Market (WESM).
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O T H E R R E P O R T S
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GSIS chief seen
eyeing control of Meralco board
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Lopez-controlled Manila Electric
Co. (Meralco) said the head of the state pension fund Government
Service Insurance System (GSIS) is seeking control of the
country’s largest distribution utility.
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Govt, IRRI in pact
for rice self-sufficiency
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The International Rice Research
Institute (IRRI) on Friday signed an agreement with the Department
of Agriculture to cooperate in making the Philippines
self-sufficient in domestic rice production.
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Food crisis
payback for ‘20 years of mistakes’ – UN expert
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PARIS: The United Nations’ new
top adviser on food blamed two decades of wrong-headed policies by
world powers for the food crisis sweeping the globe.
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US dollar rises,
oil prices down
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SINGAPORE: World oil prices
continued to go down in Asian trade on Friday after the US dollar
strengthened to its highest level since late March, dealers said.
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Stamps new ground
for Manny Pacquiao
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Boxing icon Manny “PacMan”
Pacquiao will be the first Filipino athlete to be featured in a
series of special stamps that will be issued by the Philippine
Postal Corp. (PhilPost).
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Taiwan’s planned
Spratlys tour ‘provocative’
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Sen. Miriam Defensor Santiago
decried the “provocative” move of the Defense chief and a group
of legislators from Taiwan to visit the contested Spratly Islands in
the
South China Sea.
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