Terra Solar Philippines, a subsidiary of SP New Energy Corp. (SPNEC), has commenced construction on the world's largest solar and battery power facility in the Philippines, following a successful contract with a Chinese energy firm.The groundbreaking ceremony, held on Thursday, Nov. 21, marked the...
Pangilinan-led PLDT Inc. saw its net income in the first nine months of the year inch up by one percent to P28.1 billion from the P27.9 billion reported in the same period last year on the back of sustained growth in its core businesses.During the same period, PLDT reported its core income rose by...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year.In a statement, the firm said improved financial and operating...
Manuel V. Pangilinan-led Manila Electric Company has put up a new switching station for a data center in Sta. Rosa, Laguna.Meralco’s new infrastructure will support the power needs of VITRO Inc.'s AI-powered hyper-scale data center. VITRO is a subsidiary of ePLDT and the data center arm of the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion).In a statement, MPIC said it has entered into a definitive agreement to sell its stake in...
PLDT Inc., Manila Electric Company (Meralco), and Metro Pacific Investments Corporation are infusing a total of P570 million into DigiCo which is investing the same amount for a stake in Bayad Center and Multipay Corporation.In disclosures to the Philippine Stock Exchange (PSE), PLDT, Meralco, and...
Speaker Martin Romualdez (3rd left), with Congressional Spouses Foundation Inc.(CSFI) President Rose Marie Arenas (3rd right), Chairperson Yedda Marie Romualdez (2nd left) , MVP Group of Companies Chairman Manuel V. Pangilinan (leftmost), AFP Chief of Staff Gen.Romeo Brawner Jr. (2nd right) and...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea, primarily...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste.Meralco PowerGen Corporation (MGen) is buying another 5.8...
Telecom giant PLDT Inc. reported that its net income was flat at P18.4 billion in the first half of 2024 as gross service revenues grew by four percent to P103.4 billion from the same period last year.In a disclosure to the Philippine Stock Exchange (PSE), the firm said telco core income, excluding...
Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years.In a press briefing, MPIC Chief Finance Officer...
Limitless Growth Ventures Inc. or DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan (MVP Group), disclosed that it invested P570 million to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation.In disclosures to the Philippine Stock Exchange,...
