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Saturday, May 31, 2008 |
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Meralco secures TRO vs regulator’s order
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The Manila Electric Co. (Meralco) scored another
victory against the Government Service Insurance Service (GSIS) as
their corporate battle shifted to the Court of Appeals.
Earlier this week, the Lopezes, the owners of
the country’s biggest power distributor, retained control of the
Meralco board in an acrimonious tussle with Winston Garcia, the
president and general manager of the government regulator.
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O T H E R R E P O R T S
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Lopez Group fends off multi-front challenges
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After just recently surviving a grueling
challenge to its control of giant utility Manila Electric Co. (Meralco),
the Lopez Group has found itself besieged in several fronts.
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SEC suffers blow from utility firm
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The Securities and Exchange Commission (SEC)
suffered an apparent setback in its bid for the Manila Electric Co.
(Meralco) to explain why it ignored a cease-and-desist order issued
by the regulator.
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Beef, pork prices forecast
to go up in coming months
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The prices of beef and pork are expected to increase soon because of
rising freight costs and the weakening peso, an organization of meat
importers warned on Friday.
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World Bank establishes
$1.2-B food crisis fund
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WASHINGTON: The World Bank has launched a $1.2-billion program to
fight global food crisis, including $200 million in grants to poor
countries facing the worst crisis.
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Ramos defends GMA’s golf game in China
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To each his own game. Former President Fidel V. Ramos apparently
lives by this rule.
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Tobacco puts half
billion Asians at risk
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HALF a billion young Asians are at risk from diseases associated
with nicotine, a senior World Health Organization (WHO) official
said Friday in Manila, denouncing advertising directed at teenagers.
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GEMS OF HISTORY
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‘Tienda’ found in RP wilderness
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During the first half of the 20th century, many
Chinese were into small retail trade or the so-called sari-sari
store (in Chinese, cai zi dian, tsai-a-tiam) that spread throughout
the country, even in remote areas.
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