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  • Back off from Meralco, government told
     
    By Max V. de Leon
    Reporter

    PUERTO PRINCESA CITY—Filipino businessmen would rather that the government keep its hands off the Manila Electric Co. (Meralco), as they know fully well how bad the state is in managing business.

    Officials of the Philippine Chamber of Commerce and Industry (PCCI), attending the Southern Luzon Area Business Conference at the Legend Palawan Hotel here, said records and history would show how bad the government has been in running an enterprise, with a majority of state-run corporations not managed properly.

    Samie Lim, PCCI president, said this is why the current and previous administrations have been continuously transferring the ownership of government-owned and -controlled firms to private hands.

    He said there is no reason for the government to reverse this policy now.

    “The business sector is very much united in saying that the government should keep its hands off business,” Lim said.

    Also, Lim said Government Service Insurance System (GSIS) president Winston Garcia should focus more on finding ways to give more benefits to state workers.

    “That should be his priority,” he said.

    Sergio Ortiz-Luis, PCCI honorary chairman, said that while he agrees that Meralco is better left in the hands of the private sector, there are several issues that the utility firm, as well as the National Power Corp. (Napocor), should answer.

    “It’s really an issue of how we can bring down the cost of electricity,” he said.

    Earlier, the PCCI issued a statement demanding a thorough explanation on various issues like system loss and the purchasing contract between Meralco and Napocor.

    Ortiz-Luis said these are valid issues the two firms should not avoid.

    Lim also chided both the side of the Lopezes and Garcia for bringing out to the public their disenchantment with each other.

    “If they will fight, they should keep it within the boardroom and not discredit each other in public,” he said.

    Lim said the two parties should be careful not to destroy the institution they are both fighting for.

    With what Garcia and the Lopezes are doing now, Lim said much time and energy are being focused on the maneuvering to wrest control of the management, instead of the more important issue at hand—how to bring down the cost of electricity.

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