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Saturday, May 10, 2008 |
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Takeover a debt trap
for govt |
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Economists: Leave Meralco in hands of private sector |
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By Darwin G. Amojelar Reporter
A government takeover of Manila
Electric Co. (Meralco) may lower power rates, but it might make the
Philippines’ largest electric company debt-ridden like the
state-owned National Power Corp. (Napocor), economists warned on
Friday.
Meanwhile, the United Opposition
(UNO) charged that any government takeover of Meralco would start a
“takeover spree” of other vital firms, and turn them into
“milking cows” for administration “cronies.”
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O T H E R R E P O R T S
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GSIS drops plan to
wrest control of Meralco board
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BANTAYAN ISLAND, Cebu: The
government should not be in business.
This was the reason cited by the head of the Government Service
Insurance System (GSIS) in apparently refuting reports that the
pension fund..
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Oil nears $125 per
barrel; OPEC says ‘no shortage’
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SINGAPORE: The oil price struck a
fresh record high for the fifth straight day, zooming toward $125
dollars a barrel on Friday after the Organization of
Petroleum-Exporting Countries (OPEC) cartel insisted that the market...
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‘al-Qaeda on the
run’—Pakistan
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ISLAMABAD, Pakistan: Even as
military leaders here claim they have broken the terrorists’
network and have the al-Qaeda on the run, they remain cautious in
saying that they are winning the war on terror.
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GMA pitches birth
control vs. rice crisis
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Birth control and friendly ties
with the world’s top rice exporters will help the Philippines
survive soaring food prices, President Gloria Arroyo said on Friday.
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Myanmar ‘not
ready’ to receive foreign aid workers
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YANGON: Myanmar said on Friday it
was not ready to let in foreign aid workers, rejecting international
pressure to allow experts into the isolated nation where disease and
starvation are stalking cyclone survivors.
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Wrong response
aggravates Asia food crisis–ADB report
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Asia’s response to tightening
global grain supplies has worsened food
price inflation and uncertainty, according to an Asian Development
Bank (ADB) report released on Friday in Manila.
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Gems of History
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Maasin’s mystery
tombstone
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Experts on ancient
China-Philippine relations, especially Chinese researchers, have
been looking for a tombstone of a Chinese in Maasin, Leyte,
mentioned years ago by famous historian Gregorio Zaide....
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