CEBU CITY---A nearly century-old power distribution company in Iloilo City, which has been fighting a takeover bid, protested reports that supposedly quoted President Rodrigo Duterte as saying he was taking an active role in the effort to oust Iloilo's existing power utility and replace it with a newly-formed firm. In a statement, Panay Electric Co. (Peco) said the statement being attributed to Duterte about the President involving himself in the takeover of Peco by More Power Electric Co (More) was fake news designed to create the illusion that Duterte was directly participating in the bid to oust Peco. Marcelo Cacho, Peco administrative officer, was quoted in the statement as des...
Keep on reading: Iloilo power firm decries ‘fake news’ on Duterte backing takeover bid
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