National

Electricity power price hike seen by 2015

Energy price hikes of about 25 centavos per kilowatt hour are expected by year 2015, according to House of Representatives Committee on Energy Chairmen Reynaldo Umali. Private companies are thus advised to use generators or interruptible load programs as aid to the crisis. Under the interruptible load program (ILP), customers with large loads like commercial establishments will be asked to operate their own generator sets.  This is if the grid operator projects a need to […]

Lucio Tan regains full control of Philippine Airlines

MANILA (PNA) — The Group of Dr. Lucio C. Tan formally sealed the deal with San Miguel Corporation (SMC) to buy back Philippine Airlines (PAL), SMC and PAL Holdings, Inc. disclosed to the Philippine Stock Exchange (PSE) Tuesday morning. In their disclosures, the companies said that, “The two biggest stockholders of Philippine Airlines – San Miguel Corporation (SMC) and the Group of Dr. Lucio C. Tan – signed a joint agreement whereby SMC expressed willingness […]

DILG offers reward money for info on cop “hulidap” suspects

Interior and Local Government Secretary Mar Roxas is ready to offer reward money to anyone who can give information that will lead to the arrest of the seven other police suspects involved in the so-called EDSA “Hulidap” that happened on September 1.”   President Aquino himself had approved the offer of the reward money.

President Aquino says sorry for Friday’s massive traffic, says port decongestion is on track

MANILA, Philippines — Saying the traffic problem could hurt the economy, President Aquino apologized for the massive traffic jam that had stranded motorists and commuters travelling to Metro Manila from the northern provinces for several hours last Friday. The President said he would review the video footages of Friday’s traffic at the North Luzon Expressway President Aquino said he would also review video footages to determine what caused the heavy traffic at the North Luzon […]