June 16, 2020

Extension sought on waived P47 convenience fee of Meralco

By Myrna M. Velasco – June 15, 2020, 10:00 PM from Manila Bulletin An extension of the waived P47 convenience fee (CF) for online payments to Manila Electric Company (Meralco) was sought, so this could come as added financial relief […]
June 16, 2020

Ayala firm hikes credit line with DBP to P5.5-B

By Myrna M. Velasco – June 15, 2020, 10:00 PM from Manila Bulletin Ayala firm AC Energy Philippines (ACEPH) has increased its planned loan procurement with the Development Bank of the Philippines (DBP) to P5.5 billion from a previous leaner […]
June 15, 2020

SMC debt to PSALM swells to P27 B

By Myrna M. Velasco – June 14, 2020, 10:00 PM from Manila Bulletin The accounts receivables of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation (SMC), had […]
June 15, 2020

Power rates down again this June

Meralco’s force majeure claims lead to lower generation rates for three straight months June 14, 2020, 8:00 AM from Manila Bulletin Manila Electric Company (Meralco) announced today another downward adjustment of power rates, as the overall rate for a typical […]