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Gov’t strings up raps against Meralco

TIT-FOR-TAT AFTER ‘TONG-PATS’ ADS

2008/05/12

A day after the “tong-pats” advertisements appeared in major newspapers supporting the Manila Electric Co., government agencies stepped up their offensive against the Lopez-controlled power distributor led by the chief state lawyer questioning a multibillion-peso deal between state firm National Power Corp. (Napocor) and Meralco.

State pension fund Government Service Insurance System (GSIS), which is spearheading a move to oust the Lopezes from the management of the power firm, also said the GSIS is investigating the possibility that Meralco is passing the cost of electricity that its offices use to consumers.

“Are the Meralco offices and branches exempted from paying their own power.. Full Story »»»

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 »COMMENTARY

Meralco plot thickens

The gloves are off, it seems, between the Lopezes and the Arroyos over the battle for control of the Manila Electric Co. (Meralco), which is all there is to it in the supposed conflict to lower power rates.

The Lopezes, to refresh memory, was a major ally of Gloria in wresting the presidency from former President Joseph Estrada during the 2001 power grab.

A clash in political and economic inte.. Full Story »»»

 »NATION

DepEd says all is set for reopening of school

With some 20 million students expected to enter and return to school in a few weeks, the Department of Education (DepEd) yesterday said all preparations for the reopening of classes next month, including the availability of enough classrooms and textbooks, are all set.

In an interview with reporters in Baguio City, where he and other top Education officials attended the centennial celebration of the Baguio Teacher’s Camp, Education Secretary Jesli Lapus said the DepEd has done all the prepara.. Full Story »»»

 »LIFE

Café Jeepney goes Bicol Express

In celebration of the Filipino Heritage Month, InterContinental Manila presents a hot and spicy Bicolano Food Festival. From May 6 to 31, Café Jeepney showcases different Bicolano cuisine known for its rich, spicy food and creamy delicacies such as laing (taro leaves) and anything with coconut milk.

The celebration, a joint undertaking by the hotel and the provincial governments of Camarines Norte and Camarines Sur and the Metro Daet Development Foundation, will present to the discerning guest.. Full Story »»»

 »METRO

PRC asked to strip Calayans of licenses

OVER ‘FLAWED’ PENIS ENLARGEMENT OPERATION

The Filipino-American businessman who filed a P26-million lawsuit against celebrity cosmetic surgeons Manny and Pie Calayan has asked the Professional Regulation Commission (PRC) to strip the couple of their licenses as prominent cosmetic surgeons for allegedly mishandling his penis enlargement operation.

In his nine-page complaint filed before the PRC’s Medical Board, 34-year-old Louem Martinez said the Calayans should also be banned from practicing medicine in the Philippines for committing .. Full Story »»»

 »SPORTS

Prince king in Pistons’ zapping of Magic

CAVS GET OUT OF HOLE

ORLANDO, Florida — Tayshaun Prince’s hook shot with 8.9 seconds to play lifted the Detroit Pistons to a 90-89 victory over the Orlando Magic Saturday and within one win of advancing in the National Basketball Association playoffs.

The victory gave the Pistons a commanding 3-1 lead in their best-of-seven Eastern Conference second-round series.

In Cleveland, the Cavaliers avoided going into a 3-0 hole, recovering from two road defeats to beat the Boston Celtics 108-84 and narrow the gap in the.. Full Story »»»

 »BUSINESS

P1.1-B in Meralco dividends P1.1-B in Meralco dividends

Girding for a major boardroom battle with government representatives led by state fund Government Service Insurance System (GSIS) the Lopez-led management of electricity distributor Manila Electric Co. (Meralco) will pay out a total of P1.1 billion in cash dividends to shareholders this year.

This was bared yesterday by Cebu Rep. Eduardo Gullas, based on documents submitted by Meralco to the Philippine Stock Exchange (PSE).

Of the P1.1 billion, half or P558 million will be distributed to Mer.. Full Story »»»


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