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Tuesday, May 20, 2008 |
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‘Word war’ rattles Meralco investors |
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Utility firm to present plan to lower electricity
rates to Cabinet
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The word war between the government and the
Lopez family for control of Manila Electric Co. (Meralco) is giving
foreign investors second thoughts about putting their money in the
country’s biggest power distributor.
On the sidelines of the stockholders’ meeting
of First Philippine Holdings Corp. on Monday, the president of the
holdings company, Elpidio Ibañez, said about five foreign strategic
and financial investors expressed their interest in forming a
consortium with the Lopez-led holdings firm since last year.
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O T H E R R E P O R T S
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Cooperatives’ system losses drive up rates
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Double-digit system losses incurred by electric
cooperatives, which distribute electricity to rural areas, in part
account for the country’s high electricity rates, an official from
state-run National Electrification Administration (NEA), said
Monday.
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Gunman kills 8, including
4 children in Laguna
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Eight people were killed, including at least four children, and six
wounded in a shooting spree at a small farming community in Laguna
province on Monday, police said.
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RP contributes to China economy
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Ideally, relations between two countries should
be mutual, with benefits going both ways. But in a partnership
between a big nation and a small one—or between a great power and
an ordinary one—the bigger or more powerful partner normally
enjoys an edge.
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Enrile: Limit Lozada’s movements
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Senate witness Rodolfo Lozada Jr. should
restrict his movements while he is under the protective custody of
the Senate, Sen. Juan Ponce Enrile said Monday.
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Students make bioethanol from rice straws
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Three students from Ateneo de Manila University
have found a way to make bioethanol from rice straws, a development
that can potentially reduce the country’s dependence on imported
fossil fuels.
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SPECIAL REPORT: CARP EXTENSION
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Landowner’s son grows up
to be land-reform advocate
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Antonio Ledesma is no stranger to political
brinkmanship.
Now archbishop of Cagayan de Oro, he is the son
of enlightened landlords who as early as the 1960s decided to give
up part of their family’s landed legacy to their tenants, if only
to help stem the tide of rebellion in seething Negros, where
thousands of sacadas (sugar hacienda workers) clamored for land.
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