Meralco, the country's largest power firm, is owned 48 percent by First Pacific, whose magnate is Salim. Manuel V. Pangilinan serves as Meralco's CEO.
2 reports, 2 independent
Updated Oct 12
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What happened
Meralco, the country's largest power firm, is owned 48 percent by First Pacific, whose magnate is Salim. Manuel V. Pangilinan serves as Meralco's CEO.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Pangilinan strengthens his hold on Meralco, and San Miguel sells shares.1 source
Meralco's corporate structure revealed: First Pacific holds 48% stake, led by Salim, with Pangilinan as CEO.1 source
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The entities involved
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Meralco
Philippine electric company
- Meralco's earnings are being compared to Forbes' rich list, alongside reports on poverty concentration in Sara Duterte's political base, Mindanao.
- Panfilo Lacson filed a Senate investigation resolution, while Sherwin Gatchalian urged grid modernization and Meralco rates were compared to Southeast Asia.
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Philippines
archipelagic country in Southeast Asia
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First Pacific
company based in Hong Kong
Nothing else this week.
Related events
- Juan has been named as the Energy Regulatory Commission chairman overseeing Meralco's operations in Manila.
- Manuel V. Pangilinan and Metro Pacific Investments Corp. acquired stakes in Meralco.
- MGEN is developing a facility in Central Luzon, a project involving Meralco and businessman Manuel V. Pangilinan.
- Pulse Asia conducted a nationwide survey in the Philippines, coinciding with the Department of Energy issuing a circular removing solar barriers.