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Wednesday, May 14, 2008

 

EDITORIAL

Trashing privatization

Editorial Cartoon

Click to enlarge

SPOKESMEN of the GSIS and the government have denied that either wants to take over the Manila Electric Company (Meralco). Considering that the Arroyo administration has displayed a penchant for saying one thing and doing another, we feel it our duty to remind officials that taking control of the Philippines’ biggest and oldest electricity distributor is ill-advised.

State-sponsored efforts to acquire Manila Electric Co. ostensibly are inspired by the public outcry over the surge in electricity bills in the utility’s franchise area, which accounts for 70 percent of the Luzon grid’s demand. This includes the bulk of the country’s electronics exporters, on whose hands lie our ability to generate ample dollars to cushion us from the adverse impact of a recession in our largest market, the US.

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O T H E R   C O L U M N S  A N D  F E A T U R E S

 

ENTHUSIASMS & FOREBODINGS
By Rene Q. Bas

Apparently, the Comelec has made Sen. Dick Gordon very happy. He praised the poll body for—at last!—finally signing a P525-million poll-automation contract with Smartmatic.

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SUNDAY STORIES
By Marlen V. Ronquillo

The recent launching of a book on the life and times of labor leader Democrito “Kito” Mendoza, a towering figure of the labor movement now slowed down by age and reduced to reminiscences, summed up the sad state of the country’s trade unions today.

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INSIDE CONGRESS
By Efren L. Danao

Winston Garcia, the president of the Government Service Insurance System, is searching for the truth behind the high rates being charged by power giant Meralco.

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FROM THE NEWSROOM
By Johnna Villaviray-Giolagon

An Army general best recognized from hailing from the tumultuous southern Philippines has assumed leadership of the 113,000-strong Philippine military Monday.

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ANALYSIS

SHANGHAI: The huge earthquake in southwest China could drive up food prices even more and set back efforts to tame inflation, experts warned Tuesday as stocks slid here in the wake of the deadly tremor.

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FEATURE

NEW DELHI: Steel, marble and granite are high on the list of materials needed to build homes in well-to-do suburbs on the outskirts of India’s sprawling capital—but so are plastic sheets, cardboard and reeds.

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LETTER 

One more Meralco problem
By Octavio Orestes, Parañaque City

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