Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
Globe Telecom Inc. has sealed term loan facilities amounting to ₱20 billion to address its budget needs and boost capital spending this year. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said it borrowed ₱10 billion each from Sy-led BDO Unibank...
Davao del Norte 1st district Rep. Pantaleon Alvarez (Facebook) Former House Speaker Pantaleon Alvarez is optimistic in achieving an era of ample and cheap electricity at reasonable rates now dawns on Davao del Norte and Davao de Oro...
Ahead of its scheduled completion, MGen Renewable Energy Inc. (MGreen), the renewable energy (RE) unit of Meralco PowerGen Corporation (MGen), announced the activation of its solar power plant in Isabela. In a statement on Wednesday, March 11, MGen said the 52.8-megawatt (MW) MGreen Cordon Solar...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
CEBU CITY – For most families in a mountain barangay in the City of Naga, southern Cebu, to have a stable electricity in their households would cost them a fortune. VISAYAN Electric President and COO Engr. Raul Lucero (from left), Lanas Barangay Captain Emily Baricuatro, Department of Energy...
Let's be honest, saving up money can often feel overwhelming, with your day-to-day spending piling up, worries about unplanned expenses from emergencies, and overall need for the right savings habit. And you're not alone in this. The Bangko Sentral ng Pilipinas’s (BSP) data shows that saving...
Maharlika Investment Corporation (MIC), which manages the Philippines’ sovereign wealth fund, is set to provide a bridge loan facility worth $76.4 million to Makilala Mining Co. Inc. (MMCI), the Philippine affiliate of Australia-based Celsius Resources Ltd. In a disclosure to the Australian...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported a 14 percent year-on-year increase in net income to a record ₱48.1 billion in 2024, driven by loan growth fueled by robust asset expansion and improving asset quality. In a disclosure to the Philippine Stock Exchange, the bank said...
From left, first row: Vice President and Chief Corporate Social Responsibility Officer, Jeffrey O. Tarayao; Senior Vice President and Chief Human Resources Officer, Edgardo V. Carasig; First Vice President and Head of Networks, Froilan J. Savet; Executive Vice President and Chief Operating Officer,...
