The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”
President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.
Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.
The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.
SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.
At Expo 2025 in Osaka, Japan, the Philippine Pavilion offers more than just visual storytelling — it serves up a flavorful immersion into Filipino culture through Hain, a contemporary take-out concept by renowned Filipino restaurant Via Mare.
Bank lending by universal and commercial banks (U/KBs) continued to grow in July, albeit at a slightly slower pace, with year-on-year expansion at 11.8 percent, down from 12.1 percent in June, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
The government is opening the operations and maintenance (O&M) of the 147-kilometer North-South Commuter Railway (NSCR) System to international and local partners, marking a key shift in transport infrastructure policy toward greater private sector involvement.
President Ferdinand Marcos Jr. led the official launch in this town today of his flagship food program, “Benteng Bigas, Meron Na!”, an initiative that makes the P20-per-kilo rice available to thousands of qualified beneficiaries. This flagship initiative of President Marcos carried out by the Department of Agriculture is a key step toward delivering affordable food to every Filipino household.