THE government has rejected a proposed P14.7
billion settlement over Manila Electric Co.'s failure to abide
by a 10-year contract ending in 2004 to buy power from the
National Power Corp.
The Office of the Solicitor General, in a
motion filed before the Energy Regulatory Commission on May 7,
said Meralco should pay P52 billion, representing principal,
interest and surcharges, for violating its supply contract with
the state-owned firm.
Solicitor General Agnes Devanadera said the
Meralco-Napocor joint settlement agreement reached in 2003 runs
contrary to law, morals and public policy, given the pass-on
provision that will impose an additional burden on consumers.
THE Commission on Higher Education (CHED)
yesterday said the petition for tuition hike of higher
educational institutions (HEIs) will be decided after May 15.
Amelia Biglete, director of CHED-National
Capital Region, said the central office will announce approval
or disapproval of the tuition hike petitions.
Julito Vitriolo, CHED deputy executive
director, has said he believes that the lifting of CHED
Memorandum Order No. 14 will not lead to "skyrocketing" increase
on tuition adding CHED expects any increase to be between 8 to
10 percent.
PRESS Secretary Ignacio Bunye is set to join
the Monetary Board on June 22 signaling the start of the Cabinet
revamp.
"With President Arroyo's express permission,
I would like to announce that effective June 22, 2008, I will be
joining the Monetary Board," Bunye wrote in his column "View
From the Palace."
Bunye said he had discussed with President
Arroyo last year his wish "going back to banking,"
