High power rates threat to 'Bagong Pilipinas' goals – group

POWER rates in the Philippines, among the highest in Asia, pose a threat to the economic goals of "Bagong Pilipinas" of President Ferdinand Marcos Jr., a consumer group said on Sunday.

Rodolfo Javellana Jr., president of the United Filipino Consumers and Commuters (UFCC), issued the warning following the 57-centavo per kilowatt hour increase announced by Meralco recently.