The Court of Appeals (CA) has affirmed a ruling of the Energy Regulatory Commission (ERC) ordering electric cooperatives in various parts of the country to refund its consumers a total of R812.81 million in overrecoveries of systems loss, as it dismissed the cooperatives consolidated petition to nullify the order.

Senate Minority Leader Aquilino "Nene" Q. Pimentel Jr. yesterday supported a measure that curbs the President’s power to reappoint officials twice bypassed by the Commission on Appointments (CA).

A US-based Filipina yesterday called on local leaders in Las Piñas City to protect her family from being wiped out by a group of alleged community thugs who were responsible for the killing of her father and one-and-a-half year-old niece.

The Supreme Court will implement the new rules on corporate rehabilitation on January 16, helping make the Philippines an attractive investment haven for foreign investors.

The Philippine economy is in better shape than most of its neighbors and the country should hit the low end of its 3.7-4.7 percent growth target this year helped by continued, although slower, remittance flows, Standard & Poor’s said yesterday.

PERTH, Jan. 13 (Reuters) – Oil fell to a more than two-week low below $37 a barrel on Tuesday, extending a near 8 percent overnight loss, as investors grew more pessimistic about energy demand on indications the world economy will slow down sharply.

With its previous P0.37-per kilowatt hour (kWh) basic tariff hike junked by the Energy Regulatory Commission (ERC), state-run National Power Corporation (NPC) is keen at trying its luck again with its plan to re-file an application for a rate increase.

Banco de Oro has been the major lender in the 60 percent share of the local partners in the $ 987.50 million downpayment by the National Grid Corporation of the Philippines (NGCP) to the Power Sector Assets and Liabilities Management Corporation.

SOME 15,000 participants, including 35 cardinals and numerous bishops from around the world, converge today in Mexico City for the 6th World Encounter of Families. The theme of the 2009 ecclesial event is "The Family, Teacher of Human and Christian Values." The activities during the five-day event include a Theological-Pastoral Congress, a Festive Meeting with Testimonies, and a Concluding Celebration of the Eucharist. The World Encounter of Families is a triennial event. The last meeting was held in Valencia, Spain, in 2006.