December 20, 2017

SMC’s topline may kick up after purchase of Masinloc Power Plants

By Lenie Lectura – December 19, 2017 from Business Mirror SAN Miguel Corp. (SMC) can expect its acquisition of Masinloc Power Plants Co. Ltd. (MPPCL) to boost the company’s revenue by nearly 18.9 percent this year and by 13.7 percent in 2018. A […]
December 19, 2017

San Miguel unit to purchase Masinloc Power for $1.9B

By Lenie Lectura – December 18, 2017 from Business Mirror SMC Global Power Holdings Corp. (SMCGPH), the power arm of conglomerate San Miguel Corp., is buying Masinloc Power Plants Co. Ltd. (MPPCL) for $1.9 billion. MPPCL is 51-percent owned by […]
December 19, 2017

SN Aboitiz Power deems 2017 a ‘very strong year

By Lenie Lectura – December 18, 2017 from Business Mirror SN Aboitiz Power (SNAP) said on Monday it considers 2017 as a “very strong year” as the company expects revenue and profit expected to soar. SNAP President Joseph Yu said revenue “almost” […]
December 19, 2017

Pending hike on coal tax prompts Meralco unit to eye wind energy

By Lenie Lectura – December 17, 2017 from Business Mirror THE power-generation arm of Manila Electric Co. (Meralco) is “seriously” looking at venturing into wind energy amid an impending rise in coal taxes. “We’ve been asked to look at wind proposals,” Meralco […]