November 14, 2003

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Yadao Says She Was Bribed; Maynilad May Fall

1. Back to Kuratong Baleleng:

In a brief interview over television, Yadao had alleged she was offered a seat at the Court of Appeals if she issues a warrant of arrest for Sen. Panfilo Lacson and the 33 other coaccused in the murder of 11 men alleged to be members of the Kuratong Baleleng bank-robbery syndicate.

2. What a massive mess this would be if Maynilad should default on its services. Maynilad wanted to hike water rates, but regulators said no. That, after relaxed terms on their concessions and a 500% price hike on water in their favor. Still, they lose money. They can't pay their U$350 million tab. They go bankrupt. They seem pretty smart, don't you think? Read Carla Montemayor's outline on this "fiasco"