Meralco Seeks Partners for Renewable Energy

Power distributor Manila Electric Co. (Meralco) said it is looking for possible local and international partners to help it develop renewable energy (RE) projects. Related Articles:PH Stocks End Losing StreakPH Stocks Remain in RedDowntrend ContinuesMeralco Reports Net Income of Php4.0 billion in Q1MERALCO, First Pacific JV Acquires Stake in Singapore Power Project
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PH Stocks End Losing Streak

Manila—(PHStocks)—Philippine stocks edged slightly higher on Tuesday, July 30, capping a three-day decline. The benchmark Philippine Stock Exchange (PSE) index gained 0.15% to close the day’s trading at 6,728 – in line with the positive performance of regional markets, which were mostly up ahead of the US Federal Reserve policy meeting. After surging by 3.7% […]
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PH Stocks Remain in Red

Manila—(PHStocks)—Philippine stocks continue their slide amid gloomy sentiment in global markets. The Philippine Stock Exchange (PSE) index went down by 1.73% or 115.58 points to close today’s trading at 6,557.89 – posting its third day of continued declines. All counters are still in red, led by the Property segment this time, which lost 3.14%. The […]
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Downtrend Continues

Manila—(PHStocks)—Philippine stocks declined further in Friday, 17 May, amid continued profit taking. The mainboard Philippine Stock Exchange (PSE) index slid by 0.42% or -31.07 to 7,279.87 as investors continued to cash in on gains achieved over the previous rally. Despite the bloodshed, the Financials index managed to pull in a gain of 0.03%. The rest […]
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Meralco Reports Net Income of Php4.0 billion in Q1

Manila—(PHStocks)—Manila Electric Company (Meralco) (PSE: MER) today announced that its unaudited consolidated Core Net Income, which excludes one-time, exceptional charges, for the three months ended March 31, 2013 amounted to Php4.0 billion. Consolidated Reported Net Income for the period stood at also Php4.0 billion. Core and Reported Earnings per Share were at Php3.570 for the […]
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MERALCO, First Pacific JV Acquires Stake in Singapore Power Project

Manila—(PHStocks)—Manila Electric Company (MERALCO, PSE: MER), through its wholly owned subsidiary MERALCO PowerGen Corporation (MPG), has agreed to join First Pacific Company Ltd (FPC) of Hong Kong to take a majority 70% interest together in a Singaporean power project using a joint venture company formed for this purpose. FPC, through its wholly owned subsidiary FP Power Assets […]
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Meralco Files Application for Approval of PSA with Therma Luzon, AP Renewables

Pasig—(PHStocks)—The Manila Electric Company (Meralco, PSE: MER) has executed Power Supply Agreements (PSA) with Therma Luzon Inc. (TLI) and AP Renewables Inc. (APRI) to cover the volume needed by Meralco during the six-month transition period before the start of the commercial operations of open access and retail competition. TLI and APRI are both wholly owned […]
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