Philippine electricity rates are higher than Japan, the highest level in Asia -

Philippine electricity rates are higher than Japan, the highest level in Asia -. Distribution giant Manila Electric (Meraruko) Philippine Chamber of Commerce (PCCI) revealed in a report submitted. Industry is "a major obstacle in attracting investment in the height of electricity" is strengthened with a renewed sense of urgency.

Meraruko, the International Energy Consultants, a private think tank Go to last October (IEC) have created a report based on a survey conducted. According to the Star November 7, countries and regions surveyed in the Philippines, Japan, Korea, Taiwan, Thailand, Malaysia, Singapore and Indonesia.

Average retail prices in the Philippines is one kwh electricity (kWh) per U.S. $ 0.181 (about 14.9 yen), and the same excess of U.S. $ 0.179 in Japan. Asia recorded the highest levels were found to be a big gap has arisen in other countries and regions except Japan and Singapore. 2008? December survey period, "the Philippine electricity rates were slightly lower than the level in Japan" it.

Federation of Philippine Industries (FPI) president Carlos, for the survey "The height of the electricity tariff, which is the biggest reason to review the investments of foreign companies here," he said. Issuance of such subsidies is also IEC, showing the view on the need to take effective measures for the government to lower prices.

■ high natural gas prices

IEC is exceptionally high compared to other countries mention the price of domestic natural gas supply. As a result, natural gas Maranpaya (offshore northwest Palawan) regional power plant fuel supply from Luzon to receive a set higher electricity rates forced renegotiation of the price information and gas development company with the government have been proposed to promote.

And that the gas supply contract said, in Santa Rita, Batangas, San Lorenzo, Irihan power stations. PCCI has long 'is too high to be paid royalties to the government, higher electricity prices Luzon region, "had said.

■ Future of shares Meraruko

Lopez-based First Philippine Holdings (FPHC), followed in the direction you are considering to release a 4% stake in insurance companies Meraruko Plans also Purenido Phil. 7 days told ABS-CBN.

Monitoring co-president Jacob did not fill Plans announced release price you want, "is presented with the right price, be prepared to sell shares Meraruko" commented. The acquisition is subject to consultation on the certainty that "no specific negotiations are not progressing," he explained.

Plans are companies that Mr. Phil Eusebi OTA Aulanko businessman. The fair value of shares held by 210 million pesos Meraruko 100 (£ 355 million to about 187) are estimated.

Meraruko sell shares over the metro-based Pacific Investment 6.6% stake in Hong Kong late last month FPHC (MPIC) Mr. Manuel indicated its intention to sell naan bread led Gili.

He holds a 41.4 percent share of total Meraruko through participating companies, that have expressed an intention to expand the contribution before June.

Taiwan's exports to China, which pushed exports to South Korea and Southeast Asia, are inferior to stand. Dependence of the World Trade Organization against China's exports (WTO) accession, but later-increasing degree to rely on imports by China to Taiwan every year has faded. That aside though the political negotiations, it deepens the lean composition unilateral economic, political and economic isolation will also be more and keep saying no.

According to statistics compiled by the Bureau of Foreign Trade Ministry of Economic Affairs, the percentage share of total exports to China last year was a record high 31%. The percentage of the total value of imports from Taiwan, China, however, seen from a record low of 8.3% was recorded.

China's Import Sources from the top down in value in Japan, the European Union (EU), Association of Southeast Asian Nations (ASEAN), South Korea and Taiwan. Among last year showed a significant growth area separate countries 45.3% year on year increase of imports from ASEAN. In the background is satisfied that substantial free trade zone with China last year, accounting for 11.1% of ASEAN has increased from 10.6 percent the previous year.

Exports to Taiwan last year (including Hong Kong) is never increased by 37.1 percent growth year over year low, but more than that of Korea and Malaysia, due to increased imports from Australia, the shares fell as a result.

■ thinning of the presence

Taiwan's exports to, and since China joined the WTO in 2001, has been growing consistently, every year has increased its dependency. Meanwhile, Taiwan's reliance on Chinese imports accounted for, was up 12.9% in 2002 after China's WTO accession, has continued to decline thereafter.