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Thursday, May 15, 2008

 

Lopez to fight for Meralco

Villafuerte hits utility’s alleged ghost delivery

By Euan Paulo C. Añonuevo Reporter

The Lopez Group will not hand over control of its giant utility Manila Electric Co. (Meralco) to the government without a fight—or without first filling its pockets full if it stands to lose the battle.

On the sidelines of the Lopez-controlled First Gen Corp.’s annual stockholders’ meeting Wednesday, Oscar Lopez, the group’s chairman, said he is leaving it to Meralco shareholders to decide the fate of the utility amid the reported threat of government takeover primarily over the company’s exorbitant rates.

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O T H E R   R E P O R T S

 

Billions from the Internal Revenue Allotment shares of local government units will be used for the rice self-sufficiency program of the government, Agriculture Secretary Arthur Yap said late Tuesday.

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The Philippines is lagging behind its Asian peers on spending for social protection to reduce poverty, according to an Asian Development Bank (ADB) study released Wednesday.

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HANWANG, China: Rescue efforts will never move fast enough for mothers like Wen Huayoung, standing amid the wreckage of this small hill town in southwestern Sichuan province.

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OTTAWA: Tickets, check. Passports, check. Luggage, check. Baby . . .  oops.

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The Philippines has urged its removal from the United Nations’ list of countries with child soldiers, stressing that it condemns the practice by various rebel groups, the foreign department said Wednesday.

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Gems of History

Twelve years ago, while preparing a paper about the ethnic Chinese in the Philippine Revolution to commemorate the centennial of the Philippine Revolution in 1896,...

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