Wednesday, 19 November 2025, 6:53 pm

    Tag: Meralco

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    San Miguel finalizes long-delayed Meralco deal

    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 completes Meralco deal with Landbank after 17 years

    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.

    MGreen early listing plans counts SPNEC as backdoor option

    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. 

    Meralco reduces power rates for June bill

    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.

    DHL, MSpectrum partner for solar training center

    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...

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    Gov’t sets sights on “smart mining” future with Sweden partnership

    Environment Secretary Raphael P.M. Lotilla on Wednesday reaffirmed the country's drive toward responsible, tech-powered mineral development as global demand surges for critical resources needed in a low-carbon economy.

    Alliance Global taps warrant sale to power expansion

    Alliance Global Group Inc. (AGI) is looking to raise as much as P27.7 billion through a warrant sale and the eventual exercise of those warrants into common shares, as the conglomerate seeks to strengthen its balance sheet and ramp up real estate investments.

    PH farmers gain certainty as US keeps tariffs exemption

    The Department of Agriculture on Wednesday says the country's farm exporters can now move forward with confidence after the United States confirmed that major agricultural exports—particularly tropical fruits such as bananas, pineapples, and coconut products—will remain exempt from U.S. tariffs.

    SMC core income jumps 54% as strong units offset oil pressures

    San Miguel Corp. (SMC) on Wednesday reported a 54 percent increase in core net income to P60.3 billion for the first nine months of the year, driven by improved efficiency and tight cost management across its major businesses.

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