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
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Philippines
archipelagic country in Southeast Asia
- Citicore Renewable Energy Corp. is expanding its renewable energy presence in the Philippines by constructing solar projects in Batangas, backed by syndicated project financing from several banks.
- The Bangko Sentral ng Pilipinas reported on the Balance of Payments (BOP) performance of the Philippines, with economists commenting on the improvement.
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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.
- 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.