Top News
Bank of Commerce earnings dragged down by technology, people investments
Bank of Commerce, the banking affiliate of San Miguel Corp., saw net income in the first half decline by 11 percent to P1.42 billion, weighed...
Strict cost recovery limits financially painful for clean energy providers
First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
MVP wants “greater say” in Maya business direction going forward
A recent deal that valued Globe Fintech Innovations Inc., better known as Mynt and the parent company of GCash, at USD5 billion has left PLDT and Smart chairman and CEO Manuel V. Pangilinan thinking out loud about the performance of Maya Innovations Holdings—the group’s unit directly competing with GCash.
Meralco electricity rates to increase by P0.0327/kWh in August
Manila Electric Co., the listed power distributor whose service area generates half of the country's economic output, said Monday power rates in August will rise by P0.0327 per kiloWatt-hour, lifting overall rate for a typical household to P11.6339 a kWh.
MGen abandons bid to acquire CBK, claims GEAP complicates pricing the property
Manila Electric Co. subsidiary Meralco PowerGen Corp. (MGen), initially interested, has dropped its bid to acquire the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna that the Power Sector Assets and Liabilities Management Corporation (PSALM) aims to sell through public bidding.
