Anton Lagdameo’s bayaw gets second board seat from Sy-blings

Businessman Roberto “Ram” V. Antonio has bagged a second board seat in the Sy family’s business empire.

Antonio, the brother-in-law of Special Assistant to the President and bilyonaryo Anton Lagdameo, was elected independent director of Pacific Online Systems (LOTO), which runs the country’s biggest lotto operation with the Philippine Gaming Management Corp.

READ: Sy-blings pick Ram Antonio as new director of casino-lotto operator Premium Leisure

He was also named chairman of LOTO’s committee on related party transactions and a member of its audit and risk oversight committee.

Antonio will take over the seat vacated by abogado Roberto C.O. Lim who was recently appointed Undersecretary of the Department of Transportation.

ERC to look into complaints of overcharging by power firms

Numerous complaints on increasing electricity rates have prompted the Energy Regulatory Commission (ERC) to launch an investigation on the accuracy and reasonableness of the generation rates being passed on by distribution utilities (DUs) to its consumers.