The World Bank is discussing the growth trajectory and power generation needs of the Philippines, with Meralco as a key operational entity.

The entities involved

• World Bank →

  international financial institution

  • A program funded by the World Bank and the Togolese Government was formalized in Lomé.Mon 17:12
  • The World Bank announced support for agricultural initiatives as part of its partnership with Togo.Mon 17:12
• Philippines →

  archipelagic country in Southeast Asia

  • Marcos met with Chinese Ambassador Jing Quan, while Teodoro's foreign policy remarks were compared to those of Jay Tarriela.Mon 18:00
  • Robert W. McElroy discussed global migrant resilience and journey involving the Philippines and Ethiopia.Mon 16:25
• Meralco →

  Philippine electric company

  • President Marcos is seeking to prohibit Meralco from passing system loss charges while the Senate prioritizes bills to boost workers' pay.Thu 18:26
  • The Bureau of Internal Revenue issued an RMC removing VAT on system loss charges, following President Marcos's intervention and Congress's action.Thu 18:26

Related events

• 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.Aug 18
• Meralco operates within the Philippine market structure.Aug 9
• AboitizPower is collaborating with the government on shaping the future of the energy sector in the Philippines.Aug 5
• Inflation and rising essential costs are impacting the general economic situation in the Philippines.Wed 17:48
• The Department of Energy manages the national energy sector operations in the Philippines.Jun 17