Greedy traders in the Philippines

Here we are again with consecutive increase of oil price. At the same time electrical bills, utilities and precious commodities.

The increase of fares and others are additional burden of our impoverished citizens.

The government must do something to control the agony and grievances of our fellow citizens. Though that country will turn into unexpected further crisis as experience in the middle east and part of the African region...Due to anger by the citizens. Which overwhelm by their government and livelihood of people there...

The government must act now and implement temporary control with those oil companies and electric companies. To monitor the proper oil price in the world market.

Because if they do not make any action in the circumstances like this. Those greed traders in the Philippines will continuously abuse the citizens...by implementing unjust oil prices.

Why in other countries. We don't heard about the increase of oil prices. Like; Singapore, Hong Kong, China, Malaysia and other nearby Asian regions...

While in the Philippines. Those traders always reiterated that oil price in the world market is high.

Okay. We accept their arguments. But why they suddenly implement the increase while they still have stored oil that they buy in lower price, right?

They are greedy in my opinion. They are not implement fair increase and the government did nothing to impose reliable price hike...

This is really what life in the Philippines? That is why we hardly attain progress in life. Because the government only focus on welfare of those businessmen...

Why the government did not prototype Singapore. Study why Singapore, rich besides it's small country in Asia...

Meralco a greed electric company in the Philippines

Meralco is one of the biggest player of electric industry in the Philippines. Which cover Metropolitan areas, Cavite, Bulacan and some areas in Laguna.

This electric company impose increase electrical bills almost monthly. They give many alibi's to support their unjustified increased.

Those unjustified increase will now cleared a kind of greediness. Under the investigation of the Department of Energy. It show that they earn billions of money through their scheme and order them to return those excessive collection of bills.

Beside that order. Meralco, still find an alibi to recover more money from their consumers to say that they must recover some their losses due to some reason.

So, this is still a bad news from the consumers because instead of lowering their bills this coming season. It turns to be a burden for them after this year.

Peso versus dollar is now stable and no need for them to collect foreign currency adjustment and many other irrelevant charges to be pay. Meralco is a kind of business entity and it is their burden to expense money as a business which required investment not charge to the people everything they do in their company.

Those acts is a kind of greediness and the government should act to protect it's people right not to be abuse by paying charges which is not their obligation. When people apply for a electric service there is no agreement or contract to bind themselves to pay everything that the company wanted to implement