Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
The Manila Electric Company (Meralco) has earned the distinction as the only distribution utility in the country cited by the Professional Regulation Commission (PRC) as fully compliant with the law on electrical engineering.
Conglomerate DMCI Holdings Inc. and its unit Semirara Mining and Power Corp., plus two other listed firms form part of the 2023 Bloomberg Gender-Equality Index (GEI) for the third year in a series.
The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
GT Capital Holdings Inc., the investment arm of the Ty family, reported a slight one percent dip in consolidated net income for 2024, totaling P28.8 billion, compared to P29.3 billion the previous year.
Pru Life UK has boosted its position as top life insurer in the Philippines, based on its performance for 2024. According to the Insurance Commission, the insurer reported a new business annual premium equivalent (NBAPE) of P9.8 billion, leading the industry and marking a 33 percent quarter-on-quarter growth in Q4 2024.
The Department of Agriculture (DA) has presented a proposal to President Ferdinand Marcos Jr. for the development of food hubs across the country, aimed at addressing agricultural logistics and availability.
Basic Energy Corp. has secured a certificate of authority from the Department of Energy (DOE) for the 43 MW Cadiz 1 solar power project in Negros Occidental, marking a significant step in its renewable energy expansion.