The Energy Regulatory Commission (ERC) has clearly stipulated that clearance shall be secured first before Manila Electric Company (Meralco) can pass on costs relating to procured supply from plants running on liquefied natural gas (LNG) – and that is primarily applied to its contracted...
DAVAO CITY – As casualties mount in the landslide in Barangay Masara, Maco, Davao de Oro, an environmental group believes that local government officials and Apex Mining Co. may be held liable for allowing the construction of structures in identified no-build zones that led to the loss of lives....
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
The Securities and Exchange Commission (SEC) is warning the investing public against dealing with America Mall-PH and Robinson Company due to their unauthorized solicitation of investments without the necessary license. The SEC issued advisories against the two firms that are enticing the public to...
Miescor Infrastructure Development Corporation (MIDC), which is an affiliate company of Manila Electric Company (Meralco), is firming up a joint venture (JV) deal with Phil-Tower Consortium Inc. (PhilTower) for investment rollout of 4G and 5G mobile infrastructure in the telecommunications...
Apex Mining Company, a publicly-listed firm controlled by billionaire Enrique K. Razon Jr., has tapped the Lopez Group’s First Gen Corporation to boost the share of renewable sources in its energy mix. Apex Mining President and CEO Luis R. Sarmiento leads the contract signing between Apex Mining...
The household budgets of customers served by power utility giant Manila Electric Company (Meralco) will be stretched thin this February, because the all-inclusive electricity rate to be passed on by the giant utility firm is anticipated to increase in this billing cycle. According to Meralco Vice...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
President Marcos has welcomed the offer of VinGroup Company of Vietnam in investing in the Philippines particularly in electric vehicle (EV) battery production, which he said is timely because the country is currently modernizing its public transportation. President Ferdinand 'Bongbong'...
President Marcos announced on Monday, Jan. 29, that Vietnam’s largest private company has interests to bring its electric vehicles (EVs) and battery-manufacturing facility to the Philippines. President Ferdinand 'Bongbong' Marcos Jr. speaks before the Filipino community in Vietnam on Monday, Jan....
(Meralco logo) A ranking congressman is seeking the grant of a new 25-year franchise to power distribution giant the Manila Electric Company (Meralco). Albay 2nd district Rep. Joey Salceda filed for this purpose House Bill (HB) No.9793, which...
MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
