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Continue reading →: Aquino’s “Pilipinas Natin”: Pilipinas nino?
President Benigno S. Aquino III today (June 30, 2011) will mark his first year in office by launching a campaign called Pilipinas Natin. According to the Presidential Communications Operations Office, Pilipinas Natin “represents the point of departure from the failed policies of incremental, trickle-down growth that characterized previous development plans.”…
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Continue reading →: State of the Nation under Aquino’s first year: “Pamumunong manhid sa daing ng taumbayan”
Despite the continuing decline in the people’s satisfaction and approval of his performance as President, Benigno S. Aquino III claims that he is not worried. “I’m really not concerned with the popularity. It will go up and down,” Aquino said in reaction to the latest survey of the Social Weather…
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Continue reading →: The curious case of NAPOCOR debts
Continued from Part 1 Proponents of EPIRA made us believe that privatization will solve the financial woes of state-owned NAPOCOR. In fact, the deep indebtedness of NAPOCOR was one of the strongest arguments used to justify the EPIRA. If state coffers are being bled dry by the debts of NAPOCOR,…
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Continue reading →: The role of foreign lenders, investment banks, and credit rating agencies in Philippine power sector reform
Last June 8, the Electric Power Industry Reform Act (EPIRA) of 2001 or Republic Act (RA) 9136 marked its tenth year of implementation. A day before, utility giant Manila Electric Company (MERALCO) announced that it is again hiking its generation charge by 51 centavos per kilowatt-hour (kWh). The rate hike…
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Continue reading →: 10 years of EPIRA: what went wrong?
On June 8, Republic Act (RA) 9136 or the Electric Power Industry Reform Act (EPIRA) of 2001 will mark its tenth year. Former President Gloria Arroyo signed EPIRA amid strong opposition from various sectors. The manner in which the law was passed also controversial. There were claims of bribery involving…
