The Energy Regulatory Commission (ERC) will need to revisit and review a few matters with power distribution giant Manila Electric Company (Meralco) regarding its fifth regulatory period (5RP) as it said that they were expecting a refund approval last week. During a media briefing, reinstated ERC...
Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
Ty-led Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest bank, registered a 12.4 percent improvement in net income to a record P35.7 billion in the first nine months of 2024 compared to the same period a year ago. In a disclosure to the Philippine Stock Exchange, the...
Manila Water Company is investing P141.5 million for its third septage treatment plant (SpTP), the Pinugay Septage Treatment Plant (SpTP) in Barangay San Jose, Antipolo City, with the goal of protecting the environment and safeguarding public health. Expected to be completed by September 2025, the...
San Miguel Corporation, the diversified conglomerate controlled by tycoon Ramon S. Ang, has completed its P1.02 billion acquisition of the interests of Razon-led Manila Water Company in two Bulacan water projects. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the closing...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
East zone concessionaire Manila Water Co. Inc. is nearly complete with its mainline extension project that could help expand its supply service to more than 24,000 residents and 4,000 households in Antipolo City, Rizal. Manila Water’s project in Sitio Tanza and Tolosa Ville in Rizal province...
State-run Philippine National Oil Company (PNOC) plans to install solar photovoltaic (PV) systems in select government offices, aligning with the government's push for energy efficiency and conservation. During a Senate budget hearing on Tuesday, Oct. 15, Arnel Corona, budget manager of PNOC...
The Department of Trade and Industry (DTI) said that SHERA Public Co. Ltd.’s P2.9-billion plant would boost the Philippines' aspiration to become a global manufacturing hub. Trade Secretary Cristina A. Roque said that this investment from SHERA, the leading fiber cement innovator in Southeast...
Zobel-led Ayala Corporatiion, the country’s oldest conglomerate, has secured a senior long-term loan facility amounting to $200 million from Metropolitan Bank & Trust Company (Metrobank). The loan facility will support Ayala's strategic financing initiatives for its ongoing commitments and...
East Zone concessionaire Manila Water Co. has announced that three of its key facilities will integrate solar power systems to minimize carbon emissions and pursue sustainable water services to its consumers. In a statement, Manila Water said the concessionaire would bring in 2.5-megawatt peak...
Razon-led Manila Water Co. announced that it will construct the San Mateo-Rodriguez Sewerage System (SMR) to upgrade its wastewater services in Metro Manila’s east zone. In a statement, the concessionaire said it is investing P1.6 billion in SMR Package 1A, which started earlier this year. This...
