Manuel V. Pangilinan-led Manila Electric Co., better known as Meralco, has energized a new substation in Bulacan, expanding system capacity and strengthening power reliability in one of Central Luzon's fast-growing provinces.
Manila Electric Co. (Meralco) crews are working around the clock to restore power in communities affected by the enhanced southwest monsoon, with about 18,000 customers still without electricity as of 8 a.m. Tuesday.
Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.
Electricity bills are climbing again in July as higher fuel costs, tighter power supply and increased taxes combined to drive up power rates, underscoring the Philippines' continued exposure to global energy price swings and supply disruptions.
A South Cotabato regional trial court has dismissed a petition seeking to overturn the South Cotabato Electric Cooperative II (SOCOTECO II) board's rejection of Manila Electric Co.'s proposed joint venture, ruling that the dispute falls under the jurisdiction of the National Electrification Administration (NEA).
Mynt Inc., the company behind leading fintech platform GCash, may see its upcoming initial public offering (IPO) priced below the stated P10 indicative level, according to market analysts.
Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.
President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.
Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.