MERALCO Board Approves Creation of Subsidiary

The Board of Directors of Manila Electric Co. (MERALCO, PSE: MER) has approved the creation of a wholly owned subsidiary, to engage in the business of owning, maintaining, and operating transport service networks of charging stations, batteries, and vehicles utilizing electric energy and other alternative energy sources. Related Articles:MPIC Ups Stake in MERALCO and Global […]
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PLDT Sells Stocks in Beacon Electric Asset to MPIC

Makati—(PHStocks)—PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—is selling common and Class A preferred shares of stock in Beacon Electric Asset Holdings Inc. (BEAHI) to Metro Pacific Investments Corp. (MPIC, PSE: MPI). BEAHI is a joint venture company formed by MPIC and PCEV. […]
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MPIC Ups Stake in MERALCO and Global Power

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila […]
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MPIC 2016 Core Net Income Up 17% to Record ₱12.1B

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has reported a 17% rise in consolidated core net income to ₱12.1 billion for the year ended 31st December 2016 from ₱10.3 billion in 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust traffic growth on each of […]
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GT Capital 9M 2016 Net Income Up 46% to PhP12.3B

Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) reported today that its consolidated net income for January to September 2016 increased a noteworthy 46% to PhP12.3 billion from PhP8.4 billion in the same period last year. Excluding extraordinary gains, core net income amounted to PhP9.3 billion from Php7.6 billion in 2015, representing an increase of 23%. The […]
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MPIC 9M 2016 Core Net Income Up 13% to PhP9.3B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP9.3 billion for the nine months ended 30 September 2016 from PhP8.2 billion in the same period last year on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust […]
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Metro Pacific 1H2016 Core Net Income Up 13% to Record PhP6.6B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP6.6 billion for the six (6) months ended 30th June 2016 from PhP5.9 billion in the first half of 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) strong traffic growth […]
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MERALCO Taps GTCAP Unit for Interim Power

Pasig—(PHStocks)—Manila Electric Co. (MERALCO, PSE: MER), the Philippines’ largest distributor of electrical power, has signed power supply deals with two independent power producers (IPPs) in the Visayas to augment a foreseen capacity deficit in its portfolio, especially during the coming summer. In a filing with the Energy Regulatory Commission (ERC), Meralco said it signed separate […]
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