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Thursday, September 11 2008

 

BIZZ FIZZ
By Rene Martel
IA boss Harper cleared by Mayor Lim


The only thing that the mowed down trees have been “mute witnesses” to was the graft and corruption that prospered at the IA before the upright Harper was appointed earlier this year

DESPITE her futile attempts to talk tough and scare brow­nie points with current her big boss who is no friend of Intra­muros Administration chief Bambi Harper, executive director Corazon Davis of the Department of Environment and Natural Resource’s National Capital Region office seemed to have fallen flat on her face in trying to nail Harper over the accidental chopping down of six narra and two mahogany trees at the IA regulated Plaza Roma opposite Manila Cathedral.

Without panting for the oxygen of publicity and issuing a notice against Harper for violation of Presidential Decree 953, Davis should have sought the advice of a good lawyer who were a certain would have informed her that it was the contractor given the job of cutting down the 17 trees permitted by virtue of a DENR permit is the guy who should be held culpable for so brutally—and stupidly—deviating from his strict brief.

At least Mayor Alfredo Lim of Manila, a lawyer, read the legal ramifications of the environmental chain saw massacre correctly and cleared Harper, ordering City Hall’s legal department to charge the contractor, Fer­nando Sim­borio of the Batangas based Green Philippine Nursery Plant, with five counts of violation of PD 953.

Incidentally, stricken by a serious case of verbal diarrhea, Davis pontificated: “Those trees were mute witnesses to momentous events in the Walled City.”

Anyone one who has been following the sorry goings-on at the IA in the past decade or so can attest, the only thing that the mowed down trees have been “mute witnesses” to was the graft and corruption that prospered at the IA before the upright Harper was appointed earlier this year to clean up the mess by President Gloria Macapagal Arroyo.

And we didn’t hear any verbal thundering from Davis when DENR Secretary Lito Atienza, in his previous role as Mayor of Manila, ordered (despite an uproar by the caring environmental community) well over two hundred trees to be chopped down at the two historic sites of Mehan Garden and Arroceros Forest Park. And ironically, Harper’s voice was one of the loudest to rail against Atienza at that time.

Hey Ms. Davis, now those trees really were “mute witnesses” to unfolding history over a century or two.

As for Davis huffing and puffing about sending Harper to jail, we can inform her that in the past few days the always elegantly attired Harper has consulted with her personal couturier Ben Farralles and commissioned him to design several suitable prison outfits for her.

___

EVEN as the Manila Electric Co. (Meralco) is locked in a fierce dispute with the government over the alleged overpricing of electricity, it is rewarding shareholders a total of P560.12 million in cash dividends, ahead of a planned refund of customer meter deposits.

This was disclosed by Rep. Eduardo Gullas of Cebu who was citing a regulatory filing by Meralco in which the 11-member board of directors of the country’s largest electricity distributor declared a cash dividend at the rate of P0.5025 per share.

The dividend is payable to shareholders on October 21, a month before Meralco’s previously announced P2.8-billion refund of customer meter deposits. The electric utility had earlier announced that it would reimburse customers a total of P1.51 billion in meter deposits. Including interest of six to 10 percent per annum, the total refund would amount to P2.8 billion.

“Meralco should have repaid the meter deposits of its customers first, before handing out the cash bonuses to shareholders. This would have been the fair and compassionate thing to do—for the firm to extend relief to customers first, before fattening the pockets of shareholders,” Gullas said.

Gullas said Meralco’s latest cash dividend is worth a total of P560.12 million, based on the company’s 1,114,678,709 common shares outstanding. He added that the P560.12 million is on top of the P557.39 million in cash dividends that Meralco distributed to shareholders on May 13, at a rate of P0.50 per share.

Among the entities that would gain from the dividends are First Philippine Union Fenosa Inc. and First Philippine Holdings Corp.—two Lopez family controlled firms that together own 33.38 percent of Meralco.

The dividend beneficiaries also include the Government Service Insurance System (GSIS), Social Security System, Land Bank of the Philippines, Home Development Mutual Fund or Pag-IBIG Fund and the Philippine Health Insurance Corp.

bizzfizz_98@yahoo.com

   
 

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