I Love Pinoys

Two economists on Saturday said they were not impressed with the Arroyo administration’s program to provide subsidies supposedly to mitigate the impact of rising fuel and electricity prices.

Malacañang announced Tuesday a P2-billion power subsidy for poor families. On Friday government began distributing P500 each for lifeline users or households consuming 100-kilowatt hours a month or less. The pay out started in Metro Manila to lifeline customers of Manila Electric Co. (Meralco).

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