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Public to shoulder more costs than Ayala-MVP in LRT deal — Ibon

Public to shoulder more costs than Ayala-MVP in LRT deal — Ibon

The public-private deal concerning LRT will give the Ayala-MVP Group the benefit of the government’s official development assistance (ODA) in financing more than half of the total project cost of about P65-billion. The government committed to shoulder the right of way acquisition, purchase of coaches, civil works, among other expenses.

See also: Bayan rues ‘End of an era’ as Aquino privatizes LRT 1

Controversial contractor rakes in billions of taxpayers’ money

Controversial contractor rakes in billions of taxpayers’ money

So far, the biggest likely overpriced project involving HCC is the P700-million Iloilo Convention Center (ICC), a pet project of Senate President Franklin Drilon. The convention center has been partly funded by Drilon’s Priority Development Assistance Fund and the Disbursement Acceleration Program.

See also: Youth solon pushes probe of Makati building contractors' other govt projects

Charter Change to pave the way for ‘ocean grab’ – fisherfolk group

Charter Change to pave the way for ‘ocean grab’ – fisherfolk group

“The decision of the House Committee on Constitutional Amendments to amend the 1987 Constitution will entice fishing investors abroad to embark on monopoly fishing expeditions inside the country’s territorial waters to fish for high value sea-based products such as tuna and other high priced aquamarine products.” – Pamalakaya

Despite virtual monopoly, price-fixing, Meralco paints self as ‘not the bad guy’ in rate hike

Despite virtual monopoly, price-fixing, Meralco paints self as ‘not the bad guy’ in rate hike

In this week's hearing, Meralco is ostensibly just following rules, and WESM rules have inability to prevent manipulation while the regulator failed to ensure rules do not prejudice Meralco costumers.
Read also: Opposition to Meralco rate hike persists despite 13-cent slash in rates

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