Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
SP New Energy Corp. (SPNEC) founder Leandro Leviste has sold another 10.83 billion shares in SPNEC to Manila Electric Co. (Meralco) for ₱13.76 billion, marking the completion of a previously announced sale of the Batangas representative’s stake in the solar power company. Leviste said in a...
Manila Electric Co. (Meralco), the country’s largest power distributor, reported a 14 percent surge in consolidated core net income for the first nine months of the year, driven by robust performance in its power generation businesses that more than offset a slight decline in electricity...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
Manila Electric Company (Meralco) is hopeful that the fresh revenues from the energization of data centers will boost sales in the second semester and compensate for slower growth in the first half. In a media chat, Meralco Chief Revenue Officer Ferdinand O. Geluz said some of the data centers that...
Young tycoon Leandro Legarda Leviste is raising a total of ₱34 billion from the divestment of his shares in solar producer SP New Energy Corporation (SPNEC) before assuming his new role as Congressman for the first district of Batangas in the House of Representatives on June 30, 2025. In a...
The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world. SMIC was ranked at No. 811 among the world’s top public...
Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), announced that its subsidiary, PacificLight Power Ltd. (PLP), is on track to begin operations of its additional 100-megawatt Fast Start gas turbine capacity this quarter. MGen stated that PLP is set...
Power and water utilities propelled a 17 percent growth in Metro Pacific Investments Corporation’s first quarter core net income to ₱6.6 billion in 2025 from ₱5.6 billion in 2024. The firm said that, “Improved financial and operational performance across MPIC’s portfolio led to a...
While momentum in the nuclear energy sector is growing, Manila Electric Company (Meralco) noted that major icant progress hinges on the enactment of the Philippine Atomic Energy Regulatory Framework Bill (PhilAtom Bill). In a briefing, Ronnie L. Aperocho, Meralco first vice president and head of...
