Shrinking water levels threaten to cut Mindanao’s power supply by as much as a third just as President Benigno Aquino seeks to convince voters he’s reducing electricity shortages in the Philippines’ second-biggest island.
The Philippines is investigating the failure that left Manila and almost half of Luzon island without power yesterday, and the May 13 elections won’t be marred by blackouts, President Benigno Aquino said.
Philippine President Benigno Aquino spent a third of his working days in the past two months campaigning for allies seeking seats in the senate, where he barely won the vote to raise tobacco and liquor taxes.
Philippine President Benigno Aquino said there will be no hero’s burial for the late former dictator Ferdinand Marcos under his watch. Marcos’ body had been kept in a refrigerated crypt for more than two decades in his home province in Ilocos, north of Manila.
Coca-Cola was losing the Philippines, where failure might have been the beginning of the end of our global business. By 1981, the nation was the world’s 10th-largest soft-drink market, but Pepsi had a 2-to-1 market share and the Coke bottler, owned by the Soriano family’s San Miguel Corp., warned that it could no longer sustain its losses unless Coke shared the burden.
It is often a fool’s errand to predict turning points in the more erratic Asian economies. Nowhere is that truer than the Philippines, whose greatest consistency seems to be disappointing the optimists.