Manila Electric Co. (Meralco), the country’s largest electric distribution utility, has revised its energy sales growth forecast for the year due to economic concerns. “Typically, the growth in the DU (distribution utility) is close to the real growth of the GDP (gross domestic product)…These...
The long-awaited transfer of a Manila Electric Co. (Meralco) stake to San Miguel Corp. has quickly created new ripples in the local business scene, with tycoon Manuel V. Pangilinan’s group signaling its interest in acquiring those very shares. Pangilinan, who serves as Meralco’s chairman and...
Manila Electric Company (Meralco) is actively pursuing a joint venture to address power supply issues in Batangas, but a new contender has emerged, as another company is now vying for a partnership with Batangas II Electric Cooperative (Batelec II). Arnel Casanova, Meralco senior vice president and...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) increased its consolidated core net income (CCNI) by a tenth to ₱25.5 billion in the first half of 2025 on the back of the growth of its power generation business. During a media briefing on Monday, July 28, Meralco Senior Vice President and...
Basic Energy Corporation (BEC) plans to significantly expand its electric vehicle (EV) charging station network in Luzon to support the country 's growing electric vehicle (EV) fleet. BEC President Oscar de Venecia Jr. told reporters that the company is partnering with a local oil firm to...
Legado Motors Inc. (LMI), the official distributor of Dongfeng passenger cars in the Philippines just unveiled their first EV sedan aimed at private buyers, as well as fleet, TNVS, and taxi operators. They took the wraps off the Dongfeng E70 Pro, a compact sedan at their Ortigas showroom. The...
DAVAO CITY – A Davao City councilor pushed electric vehicles (EVs) as an eco-friendly and cost-effective mode of transportation here. In a privilege speech on Tuesday, July 22, Councilor Temujin Ocampo, chairman of the Committee on Special Publications and the Committee on Environment, said EVs...
The BAIC B30e Dune enters the Philippine market with the promise of rugged styling, electrified performance, and a compelling value proposition. Priced at ₱ 1,788,000 for the top-spec 4x4 HEV variant, it offers an ambitious blend of series-parallel hybrid efficiency and off-road utility in a...
After more than a decade, tycoon Ramon S. Ang is back as a shareholder in power distributor Manila Electric Co. (Meralco). In a disclosure to the Philippine Stock Exchange on Wednesday, July 23, Ang-led San Miguel Corp. (SMC) confirmed reports that its unit, SMC Global Power Holdings (formerly...
Power distributor Manila Electric Co. (Meralco) said it has significantly reduced the number of customers affected by service interruptions due to the prevailing inclement weather. As of 9 a.m. Wednesday, July 23, Meralco reported that it had already restored power to approximately 12,000...
Debt-watcher S&P Global Ratings said the expansion of Manila Electric Co.’s (Meralco) scale and market position in power generation will enhance its business as an integrated power utility. In a statement, S&P Global Ratings said it affirmed Meralco’s ‘BBB’ rating and revised its outlook to...
Power distributor Manila Electric Company (Meralco) reported on Tuesday, July 22, that most power outages in Luzon continue to affect customers due to widespread flooding caused by the Southwest monsoon or “habagat.”
As of 10:00 a.m., approximately 118,000 Meralco customers in Metro Manila,...
