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The joint venture of Crown and Desco and the 0Zamboanga City Electric Cooperative (Zamcelco) are to now ink the Investment Management Contract (IMC) for the management of the ailing coopedrative.

This was reportedly the overwhelming vote on the pertinent resolution during a general assembly yesterday.

Former Mayor Manny Dalipe sponsored the resolution and Letty Delos Reyes. a former barangay captain and ABC president seconded it.

Board President Omar Sahi said its approval was unanimous out of an estimated 10,000 member consumers in attendance.

Sahi said only Adelmo Laput, Zamcelco OIC and head of Task Force Duterte partly soured up the assembly.: Laput had issued an order barring all employees from attending the meeting. Also, Sahi said, Laput hid all equipment such as computers, ogther paraphernalia and even electric fans intended for use on the occasion.

OMG, that is quite a revelation. His action was brazen. Does he wield any secret reason to boldly do that? Just wondering, for SS sure does wish to know what motivated him.

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Cong. Celso Lobregat doesn’t tire seeking solutions to end mitigate the effects of the rice price crisis. He now recommends the National Food Authority (NFA) additional provision of rice supplies sold in the different barangays of this City.

Lobregat noticed that the rice supply being sold in the ongoing Rice Distribution Program or "Tagpuan Day" of NFA is not sufficient to cater to the volume of residents who flock to their respective barangays to avail of the cheaper rice.

The 150 sacks per barangay at five kilos per person per distribution, leave several residents unable to avail of the coupon system.

The Department of Trade and Industry (DTI), meanwhile is looking at importing some 150,000 metric tons or 3 million bag of rice to help augment supply of the National Food Authority (NFA) and stabilize rice prices.

But DTI Undersecretary Ruth Castelo said there is yet need for the approval of the NFA Council.

And they are still finalizing the computations of their plan.

This time, any SS negativity on such importation diminishes in view of the Harry Roque statement that taxes will be levied on rice imports, which as believed to up rice price just the same.

But look over. San Miguel Corporation (SMC) expressed interest to import rice once Congress enacts a law that will liberalize the entry of the staple into the country.

With Castelo speaking of computations, it necessarily means it is actually a feasibility study, with tax payments studied in the planned rice price when sold.

Giant a corporation as it is, the displayed SMB interest in the scheme definitely suggests its own feasibility study indicates selling will still be low, as its President, Ramon Ang bared, “The intention is to help food security of the country and help local farmers and supply consumers with reliable and good quality rice at a low price,” noting further that government can use the import tax for rice to subsidize farmers.

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Good news. There will be a moratorium on the price increase of some basic goods, including canned sardines, canned meat, coffee, milk, instant noodles, bread, bottled water, salt, soy sauce, fish sauce, vinegar, and candles in the next three months, Castelo disclosed. She added,

Topping that, Pres. Duterte is expected to sign an Executive Order (EO) aimed at taming the soaring inflation in the country, his spokesman said on Wednesday.

Ain’t that good news.

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The Philippine Military Academy Alumni Association Inc. (PMAAAI) based in Davao City has sought   the expulsion of Sen. Antonio Trillanes 4th from the alumni brotherhood because of his transgressions and “arrogant behavior,” citing several actions and behavior that violated PMA’s motto of “Courage, Integrity, and Loyalty.” In a statement, the group branded the senator’s actions as seriously damaging to “the honor and prestige of this revered institution.”

These include, the group said, Trillanes’ attempt to overthrow the Arroyo administration, inciting to sedition, allegedly committing graft and corruption, disrespecting senior military officers and Pres. Rodrigo Duterte, treason, engaging in propaganda activities, and constant “annoying actions.”

The PMAAAI also recalled Trillanes’ public humiliation of the late Defense secretary Angelo Reyes during a Senate hearing.

The group likewise forwned on his failure to disclose information pertaining to “backdoor negotiations” over the dispute in Scarborough (Panatag) Shoal with China in 2012.

“Sen. Trillanes continuous allegations that ‘PMAyers’ are his growing supporters is a blatant lie and discredits the highly-respected apolitical nature of PMA and its graduates,” the group said.

They then collectively voiced their collective stand ostracizing Sen. Trillanes and ousting him as as alumnus. (By Jimmy Cabato)




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