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...
The Securities and Exchange Commission (SEC) has released proposed changes to the rules governing real estate investment trusts (REITs), aiming to widen the types of real estate assets that can generate income for REIT portfolios and give companies more flexibility in how they operate.
The Department of Public Works and Highways (DPWH) says the government could earn more than ₱100 million from auctioning luxury vehicles seized from contractors Curlee and Sarah Discaya, who are linked to irregularities in flood-control projects.
The Energy Regulatory Commission (ERC) has rejected proposals to increase its number of commissioners from five to nine, saying the move would not solve the agency’s current challenges.
The Department of Agriculture (DA) on Thursday confirmed that African swine fever (ASF) cases in the Philippines remain low, despite an isolated detection in Quezon City.