Home » Posts tagged with "assets and liabilities"

Blackout looms

OLONGAPO CITY, Philippines – A looming blackout threatens residents as the local government unit (LGU) of Olongapo failed to pay P4-billion worth of debt to the Power Sector Assets and Liabilities Management Corp (PSALM). According to Department of Energy (DOE) Secretary Carlos Jerich Petilla, the corporation plans to investigate on the ballooning debt of Olongapo City. Incoming... 

Power rate hike in 2013

Manila, Philippines – Filipino consumers will have higher electricity bills next year because of the adjustments of P0.39 per kilowatt hour (kwh) to account for cost recoveries of the P140 billion in stranded liabilities of the Power Sector Assets and Liabilities Management Corp. (PSALM).  Read More »

Expensive watches for 285 solons

Manila, Philippines – Philippine boxing pride and Sarangani Rep. Manny Pacquiao spent over P8 million to give his 285 colleagues in the House of Representatives an early Christmas present. Since Monday, members of Pacquiao’s staff were seen distributing expensive wristwatches reportedly worth P29,500 each. Incoming search terms:expensive watches (14) Read More »

P20-B debts saddle power coops

Manila, Philippines – Millions of customers of several electric cooperatives (ECs) nationwide are in danger of suffering from power outages because of the ECs’ non-payment of P20 billion in obligations to their power suppliers.  Read More »

P9.1-B REFUND

Manila, Philippines – The Power Sector Assets and Liabilities Management Corp. (PSALM), being the successor of the National Power Corp. (NPC), has been asked to refund P9.1-billion worth of “overcharging” it made to Manila Electric Co. (Meralco) customers.  Read More »

Modernized power distribution for Olongapo

OLONGAPO CITY, Zambales — Officials of the city government here announced yesterday that the Cagayan Electric Power and Light Company (CEPALCO) have entered a $13.3-million deal with the city government for the rehabilitation, management, operation, maintenance and expansion of Olongapo’s power distribution service after a formal and transparent bidding process facilitated by the... 

‘Bagets killer’

Manila, Philippines - ‘BAGETS KILLER’ – They are the “kilabot ng mga colegiala… at matron.” Also “deadly sa chicks… and gays.” Enter the “bagets killer.”  Read More »

Power rates

Manila, Philippines – President Aquino’s State-of-the-Nation Address is yet the best among his reports to his “bosses” — the Filipino people — particularly his administration’s programs on agriculture and anti-corruption, which are making headway.  Read More »

Moving on

Manila, Philippines – THE impeachment trial is over and there is a general agreement that we must move on. Moving on should undoubtedly be towards the direction made clearer by the conviction of Chief Justice Renato Corona ­ transparency in government and accountability of government officials and employees.  Read More »

Erap to Corona: Continue praying, hold on to your faith

Manila, Philippines – Hold on to your faith. This was the advise former President Estrada gave to Chief Justice Renato Corona who became the first government official to be impeached in the nation’s history.  Read More »