APEC Party-list Rep. Sergio Dagooc (left), PHILRECA Party-list Rep. Presley de Jesus (Facebook) Members of the so-called "power bloc" in the House of Representatives have affirmed their support for the early grant of a 25-year extension to the...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Another congressman has endorsed the grant of an early extension to the legislative franchise of power distribution giant Manila Electric Company (Meralco). Cagayan de Oro 2nd district Rep. Rufus...
The Zobel-controlled Ayala Corporation is fully divesting from utility Manila Water Company with the sale of its remaining 23.6 percent stake in the Metro Manila East Zone concessionaire for P14.5 billion to billionaire Enrique K. Razon Jr.’s Trident Water Company Holdings Inc. In a disclosure to...
Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) Surigao del Sur 2nd district Rep. Johnny Pimentel has cited a glaring similarity between the Manila Electric Company (Meralco) and television network Sonshine Media Network Inc. (SMNI) that...
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
Marinduque lone district Rep. Lord Allan Velasco, Meralco logo (Facebook) House Committee on Energy Chairman Marinduque lone district Rep. Lord Allan Velasco has echoed the call to grant an early extension to the congressional franchise of the...
Santa Rosa City lone district Rep. Dan Fernandez (Facebook) For Santa Rosa City lone district Rep. Dan Fernandez, there are many reasons to turn down the franchise renewal application of power distribution giant Manila Electric Company (Meralco)....
Sustained recovery of consumer demand, along with approved rate adjustments, boosted Razon-led Manila Water Co. Inc.’s net income in the first quarter. In a statement on Tuesday, May 14, Manila Water said that its profit soared 35 percent to P3.1 billion from P2.3 billion in the same period last...
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The Philippine economy stands to benefit if the franchise of power distribution giant Manila Electric Company (Meralco) gets renewed by Congress for another 25 years. Thus, said...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
