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Thursday, October 09, 2008 |
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Meralco hikes power
rates |
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Consumers’ October bill to include increase |
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By Euan Paulo C. Añonuevo, Reporter
The electricity rates of giant
utility firm Manila Electric Co. (Meralco) increased because of
higher generation charges, and the adjustment will be reflected in
the October billing.
Meralco’s generation charge
went up to P4.73 per kilowatt-hour or an increase of P0.31 per
kilowatt-hour from September’s rate of P4.42 per kilowatt-hour.
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O T H E R R E P O R T S
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Fuel prices cut,
as world crude falls below $90
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Local petroleum firms slashed
pump prices again early today, as world oil prices fell below $90 a
barrel on Wednesday.
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IMF lowers GDP
growth outlook for Philippines
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The International Monetary Fund (IMF)
revised downward its economic-growth forecast for the Philippines
for 2008 and further lowered it for 2009, adding that the US
financial turmoil would further decelerate economic activities in
the Philippines.
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RP ranks 71st out
of 134 in competitiveness
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Yet another global survey on
economic competitiveness put the Philippines behind most of its
Southeast Asian neighbors.
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Gunmen assassinate
congressman’s staff
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A top aide to a lawmaker was shot
dead by gunmen in an ambush outside his home early Wednesday, police
said.
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Nobel awarded for
fluorescent protein
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STOCKHOLM: Osamu Shimomura of
Japan and US duo Martin Chalfie and Roger Tsien on Wednesday won the
Nobel Chemistry Prize for a fluorescent protein derived from a
jellyfish that has become a vital lab tool.
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Obama wins debate,
as McCain hits hard
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NASHVILLE, Tennessee: John McCain
hammered away at unruffled front-runner Barack Obama in
Wednesday’s second presidential debate but failed to land the
cutting blow likely to revive his sliding poll numbers.
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For GSIS, Ayalas
or Yuchengcos will do
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State-run Government Service
Insurance System (GSIS) wants a joint venture with either the Ayala
Corp. or Yuchengco group over possible acquisition of
Philippine-American Life and General Insurance Co. (Philamlife).
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