For over two decades, the country’s largest integrated telco PLDT Inc. has supported the computer science program of the Ateneo de Manila University, through its Professorial Chair donation. Manuel V Pangilinan and the companies and foundations under his leadership, have also donated 14...
Metro Pacific Investments Corporation (MPIC) is aiming to earn P12 billion in core net income this year after registering a 34 percent drop in core profits to P10.2 billion in 2020 due to the economic contraction brought about by the pandemic. “We look forward to the gradual recovery of our...
Metro Pacific Investments Corporation (MPIC) and its logistics arm MetroPac Movers Inc. (MMI) helped store batches of the CoronaVac vaccine, from Beijing-based biopharmaceutical firm Sinovac, in the MetroPac Movers Inc. warehouse in Marikina City. “We are now embarking on our journey towards...
A consortium led by Hong kong-based First Pacific Company Limited of businessman Manuel V. Pangilinan has submitted last week its “final non-binding offer” to acquire the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion dollar Malampaya deep water gas-to-power...
Owing mainly to the coronavirus pandemic-induced sales decline, the core net income of Manila Electric Company (Meralco) went down 9.0-percent to P21.711 billion last year from a robust bottom line outcome of P23.832 billion in 2019. The utility firm’s reported net income suffered an even deeper...
The Makati Medical Center (MMC), the country’s leading healthcare and medical provider, said it will maintain its close to P1 billion expansion program for 2021 they had set even before the pandemic as they move to add more facilities, equipment, and bring its services offsite to serve more...
Buoyed by sustained demand for data and broadband in pandemic times, PLDT Inc. hauled in P126.6 billion revenues for the first nine months of 2020, up 9 per cent versus the same period last year. Reported income grew 23 per cent to P19.7 billion, despite losses incurred from investments like...
Metro Pacific Investments Corporation (MPIC) reported a 38 percent drop in consolidated core net income to P7.7 billion in the first nine months of 2020 from P12.5 billion in the same period last year. In a press briefing, MPIC President Jose Ma. K. Lim said the lower profit is largely...
The electricity rates to be passed on by Manila Electric Company (Meralco) in its billing this November will either be flattish or will have marginal reduction, which is a much needed relief for consumers still struggling from the pandemic woes and the damaging effects of the recent super typhoon....
Power utility giant Manila Electric Company (Meralco) will inject P50 billion worth of capital expenditures (capex) for the expansion of its distribution network as well as power generation facilities to support the country’s track into economic recovery post-pandemic. Meralco Chairman Manuel V....
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
Anchoring it mainly on the electricity demand slump this year because of the pandemic, power utility giant Manila Electric Company (Meralco) is targeting a leaner core net income of P21 billion this year, which is roughly 10 to 11-percent lower versus last year’s P24 billion scale of...
