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...
Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April.
D&L Industries reported recurring income of P1.95 billion in the first nine months, an 8 percent increase year-on-year. In the third quarter alone, recurring income reached P554 million, up 12 percent, driven largely by resilient volume growth despite elevated coconut oil prices.
ACEN Corp., the renewable energy arm of Ayala Corp., announced that its Australian subsidiary, ACEN Australia, has achieved full commercial operations for the 400-megawatt (MW) Stubbo Solar project in New South Wales.
Philippine headline inflation held steady at 1.7 percent in October 2025, unchanged from September and slower than the 3.0 percent recorded a year earlier, as food and transport costs continued to ease, the Philippine Statistics Authority (PSA) reported.
The Philippines’ agricultural trade deficit narrowed in September to USD932.2 million, helped by a strong growth in farm exports and a slight decline in imports, according to data from the Philippine Statistics Authority (PSA).