Tag: Meralco

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Meralco Q1 income up 9% to P10.45B

Corporate Context.ph Context.ph -
Manila Electric Co. (Meralco), the country's largest power distribution company, posted a 9 percent increase in net income for the first quarter, reaching P10.45 billion, driven by a rise in electricity sales between January and March.

New Meralco franchise to start June 2028

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Manila Electric Co., the country’s largest power distributor, said its new 25-year franchise will commence upon the expiration of its current license on June 28, 2028. Better known as Meralco, the company said Republic Act 12146 that grants it a new franchise will take effect 15 days from its publication of at least two newspapers of general circulation. President Ferdinand Marcos Jr. signed the law on April 11.

Meralco rejects DOE claim vs its delayed power supply deal

Energy & Mining Context.ph Context.ph -
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 Marcos extends Meralco franchise through 2050

Energy & Mining Context.ph Context.ph -
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.

MVP, Salceda say new Meralco franchise to power growth, spur investments

Corporate Context.ph Context.ph -
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.
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BOC forms task force to clear NAIA cargo bottlenecks

Transport & Logistics 0
The Bureau of Customs (BOC) has launched a two-pronged effort to ease cargo congestion at the Ninoy Aquino International Airport (NAIA), combining immediate operational measures with an interagency task force aimed at resolving long-standing bottlenecks across the country's major ports and airports.

Police bust illegal fertilizer plant in Nueva Ecija, seize P900,000 goods

Agriculture 0
Law enforcers dismantled an unregistered fertilizer manufacturing facility in Barangay Sta. Monica, Rizal, Nueva Ecija in a joint raid on July 15. They seized 500 bags of fake fertilizer, 21 granulator machines and several trucks valued at about P900,000.

Protecting WPS vital for 450,000 fisherfolk, food security

Agriculture 0
Nearly half a million Filipino fisherfolk depend on the West Philippine Sea for their livelihoods, making the area critical not only for territorial claims but also for the country’s economy and food supply. Speaking at the 10th anniversary commemoration of the 2016 South China Sea Arbitral Award, Agriculture Undersecretary for Fisheries Drusila Esther E. Bayate emphasized that securing fishing communities is key to strengthening food security, economic resilience and national sovereign rights. Official records show 453,246 registered fisherfolk live in areas along the West Philippine Sea, with the largest groups in Palawan, followed by Pangasinan, Batangas and Cavite.

BIR eases property tax rules

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Buying a house? Settling an estate? Transferring shares? All of it just got a little less confusing. 

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