Merrill Merchants Bancshares News

MANILA, Philippines - The rate being billed to special economic zones have gone higher as it is reflecting the full impact of the P0.69 per kilowatt-hour increase in the generation charge of state-run National Power Corporation .

Filipino companies Philippine Long Distance Telephone Company and Manila Electric Company say they are looking for a technical expert to assist in their joint venture project to deploy broadband over power lines in the country.

MANILA, Philippines --- With the decision of Ambassador Manuel M. Lopez to step down from his post at the country's largest power distribution utility, management changes formally paved the way for the installation of Manuel V. Pangilinan as chairman of the Manila Electric Company , following yesterday's stockholders meeting.

MANILA, Philippines - Despite the opposition of project developers affiliated with the National Renewable Energy Board , other industry players including the Manila Electric Company are favoring bidding for the renewable energy installations that will be availing of the feed-in-tariff charges.

MANILA, Philippines - Lopez Holdings Corporation almost tripled its profits for the first quarter of the year due to the sale of Manila Electric Company shares by affiliate First Philippine Holdings Corporation .

MANILA, Philippines - High-end property developer Rockwell Land Corp. listed P9.1 billion worth of common shares by way of introduction in the Philippine Stock Exchange on Friday.

MANILA, Philippines - Despite the implementation of the rate hike of state-run National Power Corporation , the generation charge of Manila Electric Company will be lower by P0.0638 per kilowatt hour this May billing.