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...
Laguna Water, the largest water and wastewater service provider in Laguna, has released its 6th Sustainability Report, highlighting strong community partnerships and progress toward environmental and social goals.
Agriculture Secretary Francisco P. Tiu Laurel Jr. is urging farmers, local governments, and ordinary citizens to help monitor the construction of farm-to-market roads (FMRs), warning that inefficiencies and corruption in rural infrastructure continue to undermine food production and farmer incomes.