East zone concessionaire Manila Water Co. has expanded its customer reach to 7.6 million. In a statement on Thursday, October 19, the water utility company said it achieved a total of one million connections in service expansion over the past 26 years. As of July 23, Manila Water was able to...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
Metro Manila’s two water concessionaires Maynilad Water Services, Inc. and Manila Water Co. announced a week-long maintenance starting Monday, Oct. 16. Parts of Caloocan, Makati, Mandaluyong, Navotas, Quezon City, Rizal, and San Juan will expect little to no water during the late evenings and...
The Department of Energy (DOE) has ordered and deployed personnel to carry out physical inspection of the delayed liquefied natural gas (LNG) import facilities, as the snagged kick-off of their commercial operations have been triggering spikes in electricity rates being passed on to consumers....
Eleven barangays in the eastern parts of Metro Manila will experience water interruptions starting Friday, Oct. 13 to Oct. 20. In a service improvement announcement by the Manila Water Co., Angono and Montalban Rizal as well as Makati City will undergo line and network maintenance, improvement, and...
Jose Rene Gregory D. Almendras has resigned from his position in East Zone concessionaire Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Thursday, Oct. 12, Manila Water announced that Almendras, who served as the president of the utility firm from August 2019 to June...
Two years after ceding control of Manila Water Company (MWC) to billionaire Enrique K. Razon Jr., the Ayala Group is further reducing its stake in the water concessionaire by selling more shares to raise P5.7 billion as part of the Zobel conglomerate’s P50-billion fund raising activity. In a...
Budgets for electricity bill payments will come heavier on the pockets of Manila Electric Company (Meralco) customers as its overall tariff had escalated by P0.4201 per kilowatt hour (kWh) in its October billing cycle to P11.8198 per kWh vis-à-vis P11.3997 per kWh last month. For its subscribers...
East zone concessionaire Manila Water Co. announced water suspensions in Makati, Rizal, Pasig, San Juan, and Quezon City. Starting Tuesday, Oct. 10 until Friday, Oct. 13, Manila Water will conduct line maintenance, interconnection, and line meter replacement activities to improve their...
West zone concessionaire Maynilad Water Services Inc. has scheduled widespread maintenance in Caloocan, Navotas, Quezon City, Manila, and Bacoor, Cavite. Starting Monday, Oct. 9 residents will feel the effects of a week-long network maintenance activity conducted by Maynilad. Although some parts of...
The Sy siblings’ flagship SM Investments Corporation (SMIC) is expecting that its portfolio investments will account for more than 10 percent of overall earnings in the medium term. The firm’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas...
West zone concessionaire Manila Water Co. has announced service interruptions in Pasig, Rizal, and Quezon City starting Tuesday, Oct. 3, and will last until Friday, Oct. 6. The service improvement activities will be done through line meter replacement and line maintenance. Nevertheless, the...
