Power utility giant Manila Electric Company (Meralco) has formally launched its scholarship program for students and professionals who will be pursuing graduate studies or mid-career academic degrees in nuclear engineering at top-tier universities and institutions overseas. The scholarship program,...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
Metro Pacific Investments Corporation (MPIC) is tapping its new partner Hartasuma Sdn Bhd of Malaysia not just as supplier for its railway project but also to jointly explore the viability of other modes of transportation, such as cable car and monorail systems. In a media briefing after the formal...
Accelerating patronage and purchases of electric vehicles (EVs) by consumers will serve as the ultimate stimulus to wider investments on the rollout of commercial-scale EV charging facilities in the country, according to Manila Electric Co. (Meralco) Chairman and CEO Manuel V. Pangilinan. “We...
Metro Pacific Investments Corporation, a diversified conglomerate led by businessman Manuel V. Pangilinan, expects to exceed its core earnings target of P16.1 billion for 2023—higher than its pre-pandemic record core profit of P15.6 billion. During a media briefing, MPIC Chief Finance, Risk and...
While most players in the energy sector are excited about the incursion of innovative technology solutions in the industry, Manila Electric Company (Meralco) Chairman Manuel V. Pangilinan cautioned against the trap of "quick fixes" that will not bring in realistic energy security for the country....
FPM Power Holdings (Singapore) Ltd., an affiliate of Manila Electric Company (Meralco), will be joining the tender being carried out by the Singaporean government for its planned capacity shoring up to meet future energy demand growth. According to Meralco Chairman and CEO Manuel V. Pangilinan, the...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
Philex Mining Corporation, one of the oldest and largest copper and gold producers in Southeast Asia, is looking at expanding its Padcal mine in Benguet by investing in Macawiwili Gold Mining and Development Co., Inc. In a disclosure to the Philippine Stock Exchange, Philex said it recently set...
Metro Pacific Investments Corporation (MPIC) reported that its attributable net income inched up four percent to P16.4 billion in the first nine months of 2022 from the P15.74 billion in the same period last year. In a press briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A....
