Luzon News
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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.
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The Philippines, Asia’s fastest- growing economy after China, needs to do more to finally lose its decades-old tag as the “Sick Man of Asia,” according to the country’s president.
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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.
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Manila and almost half the largest island in the Philippines suffered a blackout after six power plants shut down.
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Francisco Luzon, head of Banco Santander SA’s Latin American business, has resigned.
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Manila Electric Co., the Philippines largest power retailer, will return to generation after a four- decade hiatus with plans to build plants to supply as much as 30 percent of the main island of Luzon’s demand.
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Typhoon Megi intensified in the Pacific Ocean with winds gusting to as much as 230 kilometers an hour (121 mph) as it heads to make landfall tomorrow morning in northern Luzon in the Philippines.
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EDP-Energias de Portugal SA’s former head of finance plans to avoid austerity-driven cuts in support for solar projects in the country by exporting power to Germany.
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Typhoon Conson weakened to a tropical storm as it went ashore on the Philippine island of Luzon, according to the Philippine Atmospheric, Geophysical & Astronomical Services Administration .
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Jesus Zabalza will soon be named head of Banco Santander SA’s Latin American division, replacing Francisco Luzon, El Pais reported on its website today without citing anyone.
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