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Longer TRO sought on rate hike

AFP FILE PHOTO

The militant party-list bloc in the House of Representatives on Tuesday asked the Supreme Court to extend indefinitely the 60-day temporary restraining order (TRO) it had issued which stopped the Manila Electric Co. (Meralco) and the power-generating companies (gencos) from collecting the P4.15 kilowatt-hour increase in the generation charge.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Rock and rule

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The Supreme Court, in a recent landmark decision, seemed to have scolded the Bureau of Internal Revenue over its practice of imposing its rules over and above international agreements such as tax treaties.

Posted: March 3rd, 2014 in Columnists,Editor's Pick,Inquirer Columns | Read More »

Meralco trying to violate SC order—Casiño

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Bayan Muna Representative Teddy Casiño . INQUIRER photo

Always on the prowl for any anomaly, former Bayan Muna Representative Teddy Casiño said the Manila Electric Company (Meralco) has violated the Supreme Court ruling against the power rate hike.

Posted: February 25th, 2014 in Latest Business Stories | Read More »

Consumers warn of another P5 power rate hike

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AFP FILE PHOTO

Indignant consumers on Saturday slammed the Manila Electric Co. (Meralco) for another rate increase—one not covered by the Supreme Court’s temporary restraining order (TRO).

Posted: February 23rd, 2014 in Latest Business Stories | Read More »

BRT proponent asks SC to compel gov’t to junk rail-based transport projects

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Light Rail Transit (LRT) line 1

A retired investment banker on Tuesday petitioned the Supreme Court to stop the government from pushing through with the P64.9 billion Baclaran-Cavite Light Rail Transit 1 (LRT1) extension and the more than P60-billion Manila Railway Transit 7 (MRT7) projects.

Posted: February 5th, 2014 in Latest Business Stories | Read More »

Generators deny agreeing to Meralco deferred payments

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AFP FILE PHOTO

Power generators on Thursday denied they agreed to the Manila Electric Co.’s (Meralco) request to defer its payments, after the Supreme Court ordered the temporary halting of its P4.15 per kilowatt hour (kwh) price hike.

Posted: January 23rd, 2014 in Latest Business Stories | Read More »

Gov’t puts off LRT, MRT fare hikes anew

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FILE PHOTO

A long-delayed plan to hike fares at Metro Manila’s elevated railways would be delayed further as the transportation department has put on hold any increase while waiting for the outcome of a Supreme Court case over the power rate hike by distributor Manila Electric Co., a senior government official said on Wednesday.

Posted: January 23rd, 2014 in Latest Business Stories | Read More »

Meralco accused of jacking up rates

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Protesters wear masks as they hold a rally at the Philippine Supreme Court to coincide with the oral arguments on the power rates hike petition of Meralco, the country's largest electric power distributor, Tuesday, Jan. 21, 2014 in Manila.  AP FILE PHOTO

Manila Electric Co. (Meralco) engaged in anticompetition and price manipulation when it instructed a power-generating firm to sell power at a high price because this would jack up the price on the electric spot market as transactions there moved by the hour, Senior Associate Justice Antonio Carpio said on Tuesday.

Posted: January 22nd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Trial in error

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The “collusion” angle in the scandalous increase in Meralco rates tickled the fancy of the media. It is now the one and only good reason for the biggest ever increase in the long history of power rate increases in this country.   Even the Supreme Court seems dead serious in the case that accused some [...]

Posted: January 12th, 2014 in Columnists,Inquirer Columns | Read More »

DOE to comment on power hike TRO; power firms mum on next move

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AFP FILE PHOTO

While the Department of Energy (DOE) prepares to file comments on the Supreme Court’s 60-day temporary restraining order (TRO) on the P4.15/kWh power rate hike in December 2013, power generation firms have declined to bare plans on the matter.

Posted: January 10th, 2014 in Latest Business Stories | Read More »

SC includes power market regulator, independent power producers in suit

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The Supreme Court building in Manila. INQUIRER FILE PHOTO

The Supreme Court ordered on Thursday the groups that sued the Manila Electric Co. for its controversial rate increase to include the regulator of the country’s electricity market and six independent power producers as respondents in the case.

Posted: January 9th, 2014 in Latest Business Stories | Read More »

‘Floating’ VAT for basic goods

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shopping

Saying the government shouldn’t profit from the people’s misery, Sen. Alan Peter Cayetano has called for “floating rates” in the collection of the value added tax (VAT) to control skyrocketing prices whenever the costs of basic commodities go up.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

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