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Wednesday, June 24, 2009

 

EDITORIAL

At the public’s expense

Editorial Cartoon

Click to enlarge

APLAN of the National Power Corp. (Napocor) to borrow money for its missionary unit is disturbing for it comes just a month after the state-owned firm’s erstwhile overseer—the Power Sector Assets and Liabilities Management Corp. (Psalm)—completed a $1-billion bond sale. Napocor’s missionary electrification arm is the Small Power Utilities Group (SPUG). It loses billions a year in generating costs to served off-grid places. The losses are covered by missionary subsidies from the national grid.

Napocor’s president said the company may borrow P7 billion for SPUG’s capital requirements for the rest of the year up to the early part of 2010.

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O T H E R   C O L U M N S  A N D  F E A T U R E S

 

BIG DEAL
By Dan Mariano

The outpouring of popular indignation in Iran should serve as a warning to politicians everywhere—including, nay, particularly those in the Philippines.

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ENTHUSIASMS&FOREBODINGS
By Rene Q. Bas

My aim is to make you appreciate the art of Francis Bacon and of the late National Artist Ang Kiukok, whose work has a spiritual bond to Bacon’s.

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INSIDE CONGRESS
By Efren L. Danao

If there is one Senate investigation that majority of the Filipinos support, it is that on what Senate President Juan Ponce Enrile had called “predatory” practices of telecommunications companies (telcos).

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SUNDAY STORIES
By Marlen V. Ronquillo

The luxury car dealers have a marketing come-on that is distinctly theirs. Most of the vehicles they sell are in the “all-options” category. When they say “all options” it exactly means that—extras and technical innovations galore.

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FROM THE NEWSROOM
By Johnna Villaviray-Giolagon

It’s always sunny in Fili,” says a niece from merry ol’ London, commenting on my FB status about a Super Sunny Sunday.

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NEWS ANALYSIS (PART 1)

UNITED NATIONS: The United Nations (UN) is scheduled to kick off a three-day high-level meeting at its headquarters in New York on June 14, to assess the worst global economic downturn since the Great Depression.

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Phgifts

 
 

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Severino O. Frayna Jr., Benjie Dela Rosa
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