San Miguel Corp., one of the country’s largest conglomerates, has completed a long-delayed transaction to acquire 1.03 million shares of Manila Electric Co. from the Land Bank of the Philippines.
San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.
MGen Renewable Energy Inc. (MGreen), the green energy arm of Meralco PowerGen Corp. (MGen), is exploring the possibility of a public listing, with key advisors recently retained to guide the process, its listed affiliate, SP New Energy Corp. (SPNEC) told the Philippine Stock Exchange.
Manila Electric Co., the country’s largest power distributor better known as Meralco, announced on Wednesday a reduction in electricity rates, lowering charges by P0.1076 per kiloWatt-hourin June, the second rate reduction in as many months.
MSpectrum, Inc., the solar energy arm of Meralco, has completed a 120-kilowatt peak (kWp) rooftop solar project for DHL Supply Chain, powering the logistics...
Global cybersecurity firm Kaspersky is calling on public and private organizations in the Philippines to move beyond traditional defenses and adopt “cyber immunity” — a security-by-design approach meant to keep systems resilient even when attacked.
Robinsons Retail Holdings Inc., the Gokongwei Group’s flagship retail arm, has extended its ongoing share buyback program and allocated an additional P2 billion to repurchase more of its shares, strengthening efforts to boost shareholder value five years after the initiative began at the height of the pandemic.
The Bangko Sentral ng Pilipinas (BSP) is set to release a new book next year titled “Risk and Resilience in the Philippine Financial System: How Much Has Changed?” The volume examines the major financial crises that have shaped the country’s financial system, the policy responses that followed, and the lessons these events left behind.
Manila Water Foundation (MWF), together with Cebu Water, Tagum Water, and local water districts, has strengthened its water, sanitation, hygiene (WASH), and sustainability programs in Cebu Province and Davao del Norte.