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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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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 »»»

DepEd says all is set for reopening of school

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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 »»»

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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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