In a landmark move with major corporate and commercial implications, a proposal has emerged to convert the Batangas I Electric Cooperative (BATELEC I) into a stock corporation under a joint venture with Manila Electric Company (Meralco).
President Ferdinand Marcos Jr., more known among the public as PBBM, on Monday committed to complete nearly 200 power plants and expand water infrastructure in the final three years of his administration, emphasizing their role in driving economic growth and improving quality of life.
The Manila Electric Co. (Meralco) posted a 10 percent increase in consolidated core net income for the first half of 2025, reaching P25.54 billion from P23.21 billion a year earlier, driven by robust growth in its power generation business.
Motorists will see mixed fuel price adjustments at the pump starting Tuesday (July 29), with gasoline prices dropping slightly while diesel and kerosene costs rise, according to the various fuel retailers.
Alternergy Holdings Corp. subsidiary Alternergy Tanay Wind Corp. has secured the third drawdown of ₱1.4 billion from its ₱5.3-billion loan facility with Bank of the Philippine Islands (BPI) and Security Bank, the company announced Sunday.