The Manila Electric Company (MERALCO) reported a 10.7% drop in its consolidated core net income to Php5.72 billion in the first quarter of 2021 from Php5.11 billion in the same period in...
After more than a year of waiting, the Department of Energy (DOE) has officially approved the sale of Chevron’s 45% share in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate...
Metro Pacific Investments Corporation (MPIC) is looking to expand the Philippine Coastal Storage and Pipeline Corporation’s (PCSPC) existing 84-kilometer oil pipeline going into Metro Manila in anticipation of increasing fuel demand. The...
Roughly two weeks after San Miguel Corporation (SMC) said that it submitted a non-binding offer to purchase the 45% stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, the diversified conglomerate now...
Lower incomes and operating expenses of the Manila Electric Company (MERALCO) and Global Business Power Corporation (GBP) due to the COVID-19 pandemic were major factors in Metro Pacific Investment Corporation’s (MPIC) 34%...
MERALCO PowerGen Corporation (MGen), the power generating arm of the Manila Electric Company (MERALCO), is seriously considering the use of liquefied natural gas (LNG) for its power plants instead of the previously...
A group of companies led by business tycoon Manny V. Pangilinan have formally submitted an offer to acquire 45% of the Malampaya gas-to-power project being sold by Shell Philippines Exploration B.V. (SPEX)....
The COVID-19 pandemic and the series of disasters that hit Luzon pulled down the Manila Electric Company’s (MERALCO) consolidated core net income by nine percent to Php21.7 billion in 2020 from Php23.8...
Manny V. Pangilinan-led PXP Energy significantly cut its losses last year with plug and abandonment costs reduced while waiting for the government’s go-signal for the resumption of exploration activities. In a statement,...
Ethanol and sugar producer Roxas Holdings, Inc. posted a Php239.8 million net loss in the first quarter of its fiscal year, which ended on December 31, 2020. The loss in the said...
