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Saturday, 14 June 2025, 1:49 pm

    Tag: Meralco

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    New Meralco franchise to start June 2028

    Context Dispatch Context.ph Context.ph -
    Manila Electric Co., the country’s largest power distributor, said its new 25-year franchise will commence upon the expiration of its current license on June 28, 2028. Better known as Meralco, the company said Republic Act 12146 that grants it a new franchise will take effect 15 days from its publication of at least two newspapers of general circulation. President Ferdinand Marcos Jr. signed the law on April 11.

    Meralco rejects DOE claim vs its delayed power supply deal

    Energy Context.ph Context.ph -
    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”

    President Marcos extends Meralco franchise through 2050

    Energy Context.ph Context.ph -
    President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.

    MVP, Salceda say new Meralco franchise to power growth, spur investments

    Corporate Context.ph Context.ph -
    Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.

    DOE presses Meralco on full compliance with power supply deal

    Energy Context.ph Context.ph -
    The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.
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    Cold storage for rice seeds now in key provinces

    Agriculture 0
    The Department of Agriculture (DA) has expressed its gratitude to the South Korean government for its sustained support—channeled through Official Development Assistance (ODA) Korea—toward the Philippines’ efforts to modernize its rice sector, a key pillar of President Ferdinand Marcos Jr. 's broader food security agenda.

    Stocks slide as Israel-Iran conflict reignites

    Markets 0
    Wall Street wrapped up the week on a sour note as renewed tensions between Israel and Iran rattled global markets on Friday. 

    A touch of a finger sends Alas Pilipinas to AVC Nations Cup final

    Sports & Entertainment 0
    It was the faintest of touches—barely visible, yet fortunately timed—that propelled Alas Pilipinas on Friday night past Chinese Taipei and into the gold medal match of the 2025 Asian Volleyball Confederation Women’s Nations Cup in Hanoi.

    Maynilad rates up slightly; Manila Water bills set to drop

    Corporate 0
    Starting in July, Maynilad customers will see a slight increase in water rates while Manila Water consumers will benefit from a small reduction following adjustments approved by the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO).

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    BOP swings into $3B deficit in Q1 amid trade woes

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    The Philippines posted a balance of payments (BOP) deficit of US$3 billion in the first three months this year, a reversal from the US$238 million surplus posted during the same period in 2024, according to data released by the Bangko Sentral ng Pilipinas (BSP). The deterioration underscores mounting external pressures on the economy, with significant implications for macroeconomic stability and international investor sentiment.
    Agriculture

    Cold storage for rice seeds now in key provinces

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    The Department of Agriculture (DA) has expressed its gratitude to the South Korean government for its sustained support—channeled through Official Development Assistance (ODA) Korea—toward the Philippines’ efforts to modernize its rice sector, a key pillar of President Ferdinand Marcos Jr. 's broader food security agenda.
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    Stocks slide as Israel-Iran conflict reignites

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    Wall Street wrapped up the week on a sour note as renewed tensions between Israel and Iran rattled global markets on Friday. 
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