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            Tuesday 
   May 13, 2008

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‘Sweetheart deals’ bared

President Gloria Arroyo rings the opening bell as San Miguel Corp. Chairman Eduardo Cojuangco Jr. (right) applauds at the Philippine Stock Exchange on Monday, when the beer company’s brewing unit made its debut to a warm reception from investors looking for a long-term play.
AFP Photo

GSIS chief claims Meralco’s supply transactions gouged customers

Deals of the Manila Electric Co. (Meralco) with its sister companies enabled the latter to almost double their income even as Meralco was asking for another power rate increase, Winston Garcia, president of the Government Service Insurance System (GSIS), charged on Monday.

Full Story>> 

 

State-owned National Power Corp. (Napocor) said consumers in the franchise area of the Manila Electric Co. do not feel its low power rates as Meralco is buying bulk of its electricity supply from other expensive sources and at more expensive hours at that.

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T O P   S T O R I E S

·  Bishops: High food prices to last until 2013
·  Powerful earthquake hits Southwest China
· 

President pardons 9 convicted coup leaders

· Transport strike wavers in Metro
· Sacristia: Ongpin of old
   

M E T R O

One of two Filipino families considers itself as poor, the latest Social Weather Stations (SWS) 2008 first quarter survey found out.

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R E G I O N S

THE Rizal Provincial Government on Monday asked the Metro Manila Development Authority to start looking for alternate dumps, as they appear lukewarm for requests of another three-month extension.

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B U S I N E S S

Amid rising domestic interest rates

AMID rising interest rates in the domestic market, the Philippines may opt to raise funds abroad, the Department of Finance said Monday.

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S P O R T S

SALT LAKE CITY: The Utah Jazz needed overtime while the San Antonio Spurs rolled to a rout Sunday as they squared both Western Conference series in the National Basketball Association playoffs.

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T E C H   T I M E S

Wikipedia, the upstart Internet encyclopedia that most universities forbid students to use, has suddenly become a teaching tool for professors.

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M O T O R I N G 

Honda Cars’ event proves efficient driving is key to fuel conservation 

On April 25, Honda Cars Phils. Inc., in partnership with Petron Corp. and the Department of Energy, held a fuel economy driving event for select members of the media to illustrate that people shouldn’t rush in searching for fuel substitutes (even with the skyrocketing gas prices) as long as they possess the discipline on the road and have the knowledge with regards to fuel conservation and efficiency.

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OPINION

EDITORIAL
A time bomb in the South

The drumbeat for war grows louder in the Southern Philippines where the secessionist Moro Islamic Liberation Front (MILF) is running out of patience over delays in the peace talks between them and the Philippine government.

Full Story>> 
·

Ernesto F. Herrera: Minimum wage compliance

· Julius F. Fortuna: Bangko Sentral should support rural banks
· Alfredo G. Rosario: Truancy in the House
· Tony Lopez: An epic fight over Meralco
· Marit Stinus-Remonde: Electricity rates unreasonably high
· Alito L. Malinao: Difficult times call for action, not rhetoric
· Serbia goes to polls deeply divided over Europe

Business Columnist

·

Ben Teehankee DBA: Managers, labor and productivity

·

Rene Martel: Beer stock flies high at PSE

.

World

Obama-McCain fight looms
before next primary


WASHINGTON: A general election contest between Democrat Barack Obama and Republican John McCain took shape Monday, even though Hillary Clinton showed no inclination of abandoning the Democratic presidential nomination race.

.

Full Story>>

Life & Times

Slapshock rocks the world
Filipino rockers share the stage with Velvet Revolver, Korn, Machine Head and other top acts

Slapshock, the thrash metal group that has earned raves locally with seven top-selling albums, is winning over the world as well. And they are doing it their way and on their own terms.

.

Full Story>>

2008 Dr. Jose P. Rizal Awards: Search for Outstanding Chinese-Filipinos

 

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