President Ferdinand "Bongbong" Marcos Jr. said Tuesday that his administration was working at preventing an immediate surge in power prices following the Court of Appeals decision to temporarily suspend the power supply agreement between San Miguel Corp. subsidiary South Premier Power Corp. and the Manila Electric Company ."'Yung worry ko lang itong nangyari sa... 'yung TRO na binigay ng CA doon sa [power supply agreement] ng San Miguel at saka Meralco..
"If we could postpone, padahan-dahan natin... kung tataas, dahan-dahanin natin ang pagtaas, masyado nang nahihirapan ang tao," Marcos added.on the matter, noting that the temporary restraining order against the PSA would have an “extremely deleterious effect” on power rates.The petition stemmed from the Energy Regulatory Commission’s decision on September 29 to
Source: News Formal (newsformal.com)
''Yun ang inaano namin ngayon, 'yun ang talagang tinatrabaho namin ngayon, na hindi tumaas ang [power prices], not for this Christmas man lang,' Marcos told reporters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Miguel Group cites CA independence following Marcos remarks on TROSan Miguel Group on Monday cited the independence of the judiciary following President Ferdinand “Bongbong” Marcos Jr.&39;s remarks that the Court of Appeals (CA) should reconsider the recent temporary restraining order (TRO) on power supply agreements. Oh cmon SMC, official supplier na nga kayo ng beer sa bucor….pag bigyan nyo nman ang taong bayan
Source: gmanews - 🏆 11. / 68 Read more »
Energy Regulatory Commission ignored impact of power rate hike–SMC unit - BusinessMirrorTHE Energy Regulatory Commission (ERC) “chose to look the other way” when it ruled against the petition for a temporary relief to recover part of the P15 billion in losses incurred by the units of SMC Global Power Holdings Corp. (SMCGP), the power arm of conglomerate San Miguel Corp. (SMC) said Monday. “ERC was made
Source: BusinessMirror - 🏆 19. / 59 Read more »
OCTA: 85% believe Philippines in right direction with Marcos admin policiesEighty-five percent of Filipino adults said "yes" when asked the question of whether the Philippines was headed in the right direction based on the policies and programs of the Marcos administration. According to OCTA Research&39;s latest Tugon ng Masa survey conducted from October 23 to 27, only six percent said "no" when asked the question. Nine percent said didn&39;t know or refused to answer. According to OCTA Research's latest Tugon ng Masa survey conducted from October 23 to 27, only six percent said 'no' when asked the question.Nine percent said they didn't know or refused to answer. I think the survey is not true. iilan lang fil adults kahit kelan loko yang si octapus...
Source: gmanews - 🏆 11. / 68 Read more »
Palace: OCTA survey shows Marcos admin on right track to economic transformationThe Marcos administration has been doing the right measures to guarantee economic transformation, Malacañang said on Tuesday. Singapore and China didn't grow their economy via SURVEYS DOF_PH NEDAhq business DavidInglesTV ANCALERTS mga engot na pulangaw ba ang na survey 😄
Source: gmanews - 🏆 11. / 68 Read more »
Marcos says ‘unfortunate’ that CA suspended Meralco-SPPC supply deal'We hope that the CA will reconsider and include in their deliberations the extremely deleterious effect this will have on power prices for ordinary Filipinos,' said President Ferdinand Marcos Jr.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Marcos ‘hopes’ CA will reconsider TRO on SMC-Meralco deal - BusinessWorld OnlinePRESIDENT Ferdinand R. Marcos, Jr. is hoping the Court of Appeals (CA) will reconsider its decision temporarily suspending the implementation of an SMC Global Power Holdings Corp. subsidiary’s power supply agreement (PSA) with Manila Electric Co. (Meralco), warning this may result in higher electricity rates.
Source: bworldph - 🏆 9. / 68 Read more »