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Wednesday, May 21, 2008

 

GSIS, Meralco trade barbs

President forms group to look at lowering rates

The word war between the Government Service Insurance System (GSIS) and the Manila Electric Co. (Meralco) continued during a Cabinet meeting in Bohol on Tuesday. GSIS President Winston Garcia said Meralco could reduce power cost by 6 centavos to P3 per kilowatt-hour, should the power distributor stop its “abusive measures.”

Meralco officials fired back, saying the high power rate charged by the National Power Corp. (Napocor) is the reason behind the high cost of power in Metro Manila. They denied incorporating the electric bills of the Lopez-owned companies in the system losses being charged to electricity consumers.

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O T H E R   R E P O R T S

 

Anakpawis Party-list Rep. Crispin Beltran died Tuesday, when he fell from the roof of his house in Bulacan province and sustained severe head injuries.

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Economists at the University of Asia and the Pacific cited the Filipinos’ declining buying power and government’s lack of support for agriculture as the main culprits for the rice-price crisis.

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FEATURE

Family access cards that entitle the country’s poorest families to cheap government rice were distributed starting last week by the Department of Social Welfare and Development in some towns and cities in Metro Manila (National Capital Region).

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President Gloria Arroyo ordered the implementation of a provisional fare increase for public vehicles starting today, a radio report said Tuesday.

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Secretary Margarito Teves finally got the endorsement on Tuesday of the Commission on Appointments’ Committee on Finance almost three years after he assumed the Finance portfolio.

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President Gloria Arroyo on Tuesday announced that the country is well on its way to balancing the budget this year as a result of a record revenue collection.

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GEMS OF HISTORY

What were typical street scenes in Manila in the late 19th and early 20th centuries?

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Severino O. Frayna Jr., Benjie Dela Rosa
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