The 8000-pound gorilla


The foreign chambers of commerce based in the Philippines have joined the debate over power issues — and earned accusations that they’re interfering in what’s alleged to be a government effort to reduce electrical power costs.

The chambers of commerce of the United States, Australia, New Zealand, Canada, Japan, Korea and Europe wrote Mrs. Gloria Macapagal-Arroyo early this week. Regime threats to review and possibly renegotiate power contracts with Independent Power Producers, the Joint Foreign Chambers said, “will cast doubt on the stability of policies and regulatory rules and on the integrity of investment promotion programs in the Philippines.”

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