(Fom left) European Chamber of Commerce of the Philippines president Hubert d’Aboville, First Philippine Holdings Corp. chairman Oscar Lopez, French Ambassador Gerard Chesnel and EU Ambassador Alistair MacDonald chat during the RP-Europe Business Conference in Makati City yesterday.  Photo By MIKE AMOROSO

Fed up with pressures from the government to lower electricity rates, the patriarch of the Lopez family that controls the Manila Electric Co. said he now wants out of the power firm because he’s “sick and tired of the business.”

• European investors call for lower power costs, transparency
• Gov’t to consider all Petron offers
• Empty House derails tax exempt bill
• ‘Butchoy’ intensifies into storm