I. BANNER STORIES
GSIS on Meralco: Fight has just begun
SEC asked to nullify proxy votes for Lopez bloc
By Daxim Lucas, Abigail L. Ho, Elizabeth Sanchez-Lacson
Philippine Daily Inquirer
First Posted 01:09:00 05/29/2008
MANILA, Philippines—Winston Garcia’s promise to begin moves to end the Lopez family’s hold on Manila Electric Co. started a day after he lost his fight to gain control of Meralco.
SEC orders Meralco to explain defiance
By Ma. Elisa Osorio
Thursday, May 29, 2008
Officials of the Manila Electric Company (Meralco) were given two days to explain why they should not be declared in contempt for ignoring an order from the Securities and Exchange Commission (SEC) to stop the counting of proxies in favor of pro-Lopez directors during the firm’s annual stockholders’ meeting on Tuesday.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=2008052895
3. Manila Times
Meralco faces SEC charges
Regulator demands explanation
By Likha C. Cuevas-Miel Reporter
The Securities and Exchange Commission (SEC) ordered the Manila Electric Co. (Meralco) to explain its defiance of a cease-and-desist order that the government regulator issued during the power firm’s stockholders’ meeting Tuesday.
http://www.manilatimes.net/national/2008/may/29/yehey/top_stories/20080529top1.html
4. Malaya
Questioned proxies gave Lopez victory
Count shows direct votes deliver GSIS 5 of 11 directors
BY MYLA IGLESIAS
WINSTON F. Garcia, president and general manager of the Government Service Insurance System, almost won his quest to wrest management control of Manila Electric Co. had his plan of divesting the Lopez Group of proxies succeeded.
http://www.malaya.com.ph/may29/news1.htm
No need for state schools’ tuition hike
Solon cites increase in their budget to P20.8 B
CHED urges students to report non-compliance
Edmer F. Panesa, Shianee Mamanglu
A veteran lawmaker yesterday said the P20.8 billion appropriated for this year’s operations of 112 state colleges and universities (SUCs) gives these schools no reason at all to increase tuition and other school fees.
http://www.mb.com.ph/MAIN20080529125912.html
7. Abante
Hirit sa gabinete
MAG-COMMUTE KAYO!
Ni ROSE MIRANDA
Kailangan nang magtipid sa konsumo ng langis dahil sa hindi maawat na pagsirit ng presyo nito. At bilang ehemplo, hinikayat kahapon ng Malacañang ang mga miyembro ng gabinete na mag-commute na lang o sumakay sa iba’t ibang uri ng public utility vehicles (PUVs).
http://www.abante.com.ph/issue/may2908/default.htm
KARIBAL PINALUHOD BAGO PINATAY
Ni Aries Cano
“Parang awa mo na, tama na.”
Ito na lamang ang mga huling kataga na nasambit bago pa tuluyang binira ng panghuling atake hanggang sa malagutan ng hininga ang duguan, hindi makagulapay at nakalugmok na biktimang si Jerry P. Garcia, 19-anyos, binata, at huling naninirahan sa Block 13, Lot 8, Chesa St., Model Community, Tondo, Maynila.
http://www.abante-tonite.com/issue/may2908/news_headline.htm
SEC Chief hahabulin ng Meralco shareholders
Ni Edwin Balasa
Thursday, May 29, 2008
Posibleng humantong sa kulungan ang mga opisyal ng Securities and Exchange Commission (SEC) pati na si Government Service Insurance System (GSIS) general manager Winston Garcia dahil sa umano’y “pagsabotahe” sa shareholders meeting ng kompanya kamakalawa.
http://www.philstar.com/index.php?Bansa&p=50&type=2&sec=54&aid=2008052846
10. Journal
‘WE WON’
By: Vic S. Lopez
GSIS’ Garcia asks SEC to nullify ‘illegal’ Meralco board election victory of Lopez bloc
THE Government Service Insurance System yesterday asked the Securities and Exchange Commission to declare the “true winners” of the Manila Electric Company board election, accusing the Lopez group of using illegal proxies during Tuesday’s annual stockholders’ meeting.
http://www.journal.com.ph/index.php?issue=2008-05-29&sec=1&aid=61290
11. Business World
Gov’t cuts growth goal, sees deficit
BOWING TO THE REALITY of a global economic slowdown, the government yesterday announced that it had abandoned its goal of a balanced budget this year and had also reduced its 2008 growth target.
http://bworldonline.com/BW052908/content.php?id=001
12. Business Mirror
Price hikes hurt 6.4-M families
By Cai U. Ordinario
Reporter
THE National Economic and Development Authority (Neda) is concerned that around 6.4 million Filipino families earning a total gross income of P10,000 and below a month will become highly susceptible to high oil and food prices.
http://www.businessmirror.com.ph/05292008/headlines01.html
II. POLITICAL
De Venecia: I’ll testify on ZTE, expect protracted fight
By Juliet Labog-Javellana
Philippine Daily Inquirer
First Posted 01:35:00 05/29/2008
MANILA, Philippines—Former Speaker Jose de Venecia Jr. expects a “long-drawn battle” ahead when he testifies on the controversial $329-million National Broadband Network (NBN) deal with China’s ZTE Corp. and needs to be in tiptop shape.
Mighty, lowly hail ‘Ka Bel’ entry to eternal freedom
By Tonette Orejas, Carmela Reyes, Norman Bordadora
Philippine Daily Inquirer
First Posted 04:07:00 05/29/2008
MANILA, Philippines—Mourning yet militant, about 20,000 people Wednesday accompanied Anakpawis Rep. Crispin “Ka Bel” Beltran to his final resting place and promised to continue his struggle.
Gonzalez: CHR unfair to cops, wrong about me
By Leila Salaverria, TJ Burgonio
Philippine Daily Inquirer
First Posted 04:09:00 05/29/2008
MANILA, Philippines—Justice Secretary Raul Gonzalez Wednesday said Commission on Human Rights (CHR) Chair Leila de Lima’s conclusion of a “rubout” in the killing of three men suspected of involvement in the May 16 robbery-murders in a Cabuyao, Laguna, bank was premature and unfair.
RP’s longest stockholders’ meeting ever
By Abigail L. Ho
Philippine Daily Inquirer
First Posted 04:11:00 05/29/2008
MANILA, Philippines—Industry veterans believe it was the longest stockholders’ meeting in Philippine history, lasting almost 14 hours. That’s excluding the time spent lining up to get through the gates and queuing to register—around three hours.
Shabu worth P4.6B seized in Subic warehouse
Biggest ever drug haul found
By Robert Gonzaga
Philippine Daily Inquirer, Central Luzon Desk, Reuters
First Posted 04:33:00 05/29/2008
SUBIC BAY FREEPORT, Philippines -- About 770 kilograms of high-grade shabu (methamphetamine hydrochloride) worth P4.62 billion were seized at the Subic Bay Freeport during a four-day operation, in what is believed to be the country’s biggest ever illegal drugs haul.
SENATORS IN COMMERCIAL ADS
Lacson: Endorsement, yes; self-promotion, no
Philippine Daily Inquirer
First Posted 04:34:00 05/29/2008
MANILA, Philippines -- Opposition Sen. Panfilo Lacson on Wednesday defended his endorsement of a skin care clinic in commercial advertisements, while denouncing politicians whom he did not name for allegedly spending their own, or worse, government money, for “self-promotion.”
Grade 6 students score ‘better’ in NAT, group says
By Jocelyn Uy
Philippine Daily Inquirer
First Posted 04:35:00 05/29/2008
MANILA, Philippines—Grade 6 students performed better in their National Achievement Test (NAT) scores last year, with a 16-percentage point jump from the grim 43.55 percent in 2003.
Independence Day June 9; three-day holiday declared
Philippine Daily Inquirer
First Posted 04:36:00 05/29/2008
MANILA, Philippines—The country will observe another long weekend two weeks from now.
As part of its “holiday economics,” Malacañang Wednesday reminded that Independence Day will be observed on June 9, a Monday. It will be a non-working holiday as earlier declared by Proclamation No. 1463 which had set specific dates of movable holidays.
GSIS moves to nullify Meralco board election
By Likha C. Cuevas-Miel And Euan Paulo C. Añonuevo Reporters
Not backing down from his foe’s defiant stance, Winston Garcia is pushing harder for the takeover of the biggest power distributor in the Philippines by filing another case with the Securities and Exchange Commission (SEC) to nullify the votes cast by shareholders Tuesday.
http://www.manilatimes.net/national/2008/may/29/yehey/top_stories/20080529top2.html
Immunity from prosecution sought for ZTE witnesses
By Edu Punay
Thursday, May 29, 2008
A lawyer and complainant in criminal charges filed against First Gentleman Jose Miguel Arroyo over alleged anomalies in the botched $329-million national broadband network (NBN) deal has pushed for immunity from prosecution for Rodolfo Noel Lozada Jr. and other key witnesses before the Ombudsman.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=2008052896
Gonzalez twits CHR chief over ‘rubout’ claims
By Mike Frialde
Thursday, May 29, 2008
Former election lawyer Leila de Lima is used to trading barbs with her fellow election lawyers. But this time, the tough-talking newly installed chairman of the Commission on Human Rights (CHR) will find herself in a tough word war with Justice Secretary Raul Gonzalez.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=2008052897
P2.34-B shabu seized in Subic
Thursday, May 29, 2008
SUBIC BAY FREEPORT – Authorities seized here last Tuesday P2.34 billion worth of methamphetamine hydrochloride or shabu after a failed attempt to smuggle the drugs out of the freeport.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=2008052898
Congress OKs tax exempt bill
By Aurea Calica
Thursday, May 29, 2008
A bill exempting minimum wage earners from income tax and increasing personal exemptions for individual taxpayers is now ready for signing by President Arroyo after Congress passed it last night.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=2008052899
Easing of world rice prices seen
By Jose Katigbak STAR Washington bureau
Thursday, May 29, 2008
WASHINGTON – Japan’s decision to sell 200,000 metric tons of stockpiled US rice to the Philippines and to donate 20,000 metric tons to five African nations has helped ease what previously seemed to be an unstoppable price surge on the global rice market, The Washington Post said.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528100
Independence Day celebration moved to June 9
By Marvin Sy
Thursday, May 29, 2008
The observance of Independence Day on June 12, a Thursday, has been moved earlier to June 9, in accordance with the new law rationalizing public holidays, Malacañang announced yesterday.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528105
FPI to seek court clarification on VAT on power systems losses
By Donnabelle Gatdula
Thursday, May 29, 2008
The Federation of Philippine Industries (FPI) will seek court clarification on the value-added tax (VAT) imposed on the systems losses of power distribution utilities.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528106
World Bank study shows decline in RP business environment
Thursday, May 29, 2008
Doing business in the Philippines varies greatly among cities, a possible factor that brought the country’s overall ranking three notches down in the global study on doing business by the World Bank Group.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528107
Miriam asks Comelec to clarify rules on premature campaigning
By Aurea Calica
Thursday, May 29, 2008
Sen. Miriam Defensor-Santiago asked the Commission on Elections (Comelec) yesterday to look into possible violations by government officials appearing in commercials and other endorsements, saying it might be “premature campaigning.”
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528108
E-voting at House back to square one
By Delon Porcalla
Thursday, May 29, 2008
The electronic voting system of the House of Representatives that has been delayed for six months due to technical defects will be reinstalled for operation when President Arroyo delivers her annual State-of-the-Nation-Address (SONA) on July 28.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528109
‘Nothing wrong with AMLA’
By Jess Diaz
Thursday, May 29, 2008
If it ain’t broke, don’t fix it.
Lawmakers pointed out there is nothing wrong with the country’s version of the Anti-Money Laundering Law (AMLA) and it does not need to be amended.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528110
War veterans hope long wait for US benefits soon over
Thursday, May 29, 2008
HONOLULU – Filipino soldiers who fought beside Americans during World War II hope their long wait for veteran benefits will soon be over.
“We deserve to get benefits for our sacrifices,” said 84-year-old Leon Tabaniag. “We are now in our twilight years, and we want to get our benefits before we move on.”
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20080528113
House adopts Senate’s tax exemption bill
Faster passage of measure seen without need to hold bicameral hearings
By Efren L. Danao, Senior Reporter
The House adopted Wednesday the Senate version of the bill granting tax exemption to minimum wage earners and increasing personal and additional exemptions of individuals, assuring the faster passage of the Malacañang-certified measure.
http://www.manilatimes.net/national/2008/may/29/yehey/metro/20080529met1.html
Villar: 4,770 OFWs are languishing in prison
By Efren L. Danao, Senior Reporter
Senate President Manuel Villar expressed alarm Wednesday that 4,770 overseas Filipino workers (OFWs) are in jail in 63 foreign countries, as he pressed for the passage of a P1-billion Assistance to Nationals fund to assist OFWs in distress.
http://www.manilatimes.net/national/2008/may/29/yehey/metro/20080529met2.html
Tax break for minimum earners good as passed
BY JP LOPEZ
THE House contingent in the bicameral conference last night adopted en toto the Senate version of a measure seeking to grant tax exemption to minimum wage earners.
http://www.malaya.com.ph/may29/news2.htm
Gov’t revives energy conservation campaign
Genalyn D. Kabiling
Members of the Cabinet may soon swap their gas-guzzling vehicles for public transportation as part of the government’s intensified energy efficiency and conservation campaign, Executive Secretary Eduardo R. Ermita yesterday said.
http://www.mb.com.ph/MTNN20080529125927.html
Lopez mananagot sa itinuloy na stockholders' meeting
By: Ryan Ponce Pacpaco & Marlon Purificacion
BINIRA kahapon ng mga kongresista ang pamilya Lopez dahil sa umano’y lantarang paglabag sa batas nang ituloy ang halalan ng mga opisyal ng Manila Electric Company (Meralco) sa stockholders' meeting kamakalawa sa kabila ng kautusan ng Securities and Exchange Commission (SEC) na huwag bilangin ang proxy votes.
http://www.journal.com.ph/index.php?issue=2008-05-29&sec=1&aid=61256
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