Latest news with #Meralco
GMA Network
6 days ago
- Business
- GMA Network
MPIC posts P15-billion core net income in H1, up 20%
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) saw a 20% growth in its core net income in the first half of 2025 to P15 billion from P12.5 billion in the same period in 2024. MPIC attributed its earning growth to improved performance across its portfolio with contributions from units' operation rising 18% to P17.5 billion on the back of robust growth in Meralco's power generation business, the implementation of higher tariffs at Maynilad, and rising patient volumes across the Metro Pacific Hospitals network. MPIC's power business, led by Meralco, continued to contribute the largest share at P11.2 billion or 64%. The conglomerate said its water and toll roads business contributed P3.8 billion and P3.3 billion, respectively, accounting for 41%. 'Our performance in the first half of the year reflects the continued resilience and strength of our businesses. We've seen meaningful contributions from power, water, and toll roads—sectors that are fundamental to the country's development,' said MPIC chairman, president, and CEO Manuel Pangilinan. 'Beyond financial performance, we are sharpening our focus on long-term value creation by scaling investments in areas where we can make the greatest impact—energy, food security, and inclusive infrastructure. The momentum is encouraging, and we intend to continue building on it,' he added. — Ted Cordero/BM, GMA Integrated News
Malay Mail
30-07-2025
- Automotive
- Malay Mail
V-GREEN and GSM Philippines sign strategic partnership with MERALCO to promote EV infrastructure development in the Philippines
Representatives of V-Green, Green GSM Philippines, and Meralco at the signing ceremony MANILA, PHILIPPINES - Media OutReach Newswire - 30 July 2025 -Under the MOU, the three parties will closely collaborate on researching and implementing solutions to accelerate EV adoption in the country, primarily through the deployment of electric taxi services and the development of a public charging station the parties will jointly identify and evaluate potential locations for charging stations and taxi hubs, support the efficient and sustainable roll-out of charging networks, and explore opportunities to scale up the electric vehicle adoption in major urban areas such as Metro Manila and other key addition, the MOU outlines potential areas of cooperation such as co-developing solar energy solutions for EV charging stations, sharing technical expertise in EV technologies, and providing workforce training.– stated:– shared:V-Green is a pioneering green infrastructure provider, committed to developing a smart, convenient, and seamlessly integrated EV charging network. In Vietnam, V-Green serves as the exclusive charging infrastructure partner for VinFast electric vehicles, playing a key role in the company's rapid ascent to becoming the market leader in the domestic EV sector. Green GSM, meanwhile, is an innovative electric ride-hailing platform that operates a fleet powered entirely by VinFast EVs, with a mission to make green transportation accessible to all while elevating the standard of safe, reliable, and high-quality mobility the Philippines, VinFast, V-Green, and Green GSM are collectively building a holistic electric mobility ecosystem—spanning EV distribution, charging infrastructure development, and electric taxi operations. This collaborative model is poised to deliver meaningful benefits to the public, from cost-effective mobility to safer and seamless travel experiences, while laying a strong foundation for the country's transition to a greener #VinFast The issuer is solely responsible for the content of this announcement. About Green GSM Green GSM is the Philippines' pioneering all-electric taxi fleet — a game-changing mobility solution championing sustainable, accessible, and eco-friendly urban transport. Powered exclusively by VinFast EVs, Green GSM is committed to reducing carbon emissions while delivering high-performance, reliable service to Filipino commuters. With driver-first programs, innovative digital booking platforms, and a bold national vision, Green GSM is driving the future of transport — one zero-emission ride at a time. Learn more at About V-Green V-Green Global Charging Station Development Corporation is a pioneering green infrastructure company, committed to building a smart, convenient, and flexible EV charging ecosystem to accelerate the sustainable energy transition in Vietnam and globally. V-Green is expanding into high-potential markets across the region, including Laos, Indonesia, and the Philippines. The company offers a diverse portfolio of charging solutions, including home chargers (7.4 kW and 11 kW) and public AC/DC charging stations (ranging from 20 kW to 250 kW). All come equipped with smart management software and LINK connectivity technology to optimize performance and revenue. Learn more: About MERALCO Meralco is the largest electric power distribution company and the largest private sector utility in the Philippines. Through a Consolidated Certificate of Public Convenience and Necessity, Meralco provides electric service within its franchise coverage. Its subsidiaries are engaged in engineering and consulting, construction, bills payments and other electricity-related services. A subsidiary is in the process of developing the Company's power generation portfolio. Meralco is listed on the Philippine Stock Exchange (PSE: MER). Meralco has the largest market capitalization among the Philippine listed utility and power sector companies. Further information is available at Meralco is committed to data protection and privacy. To know more about how the Company protects personal data, please visit About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:
GMA Network
23-07-2025
- Climate
- GMA Network
Meralco close to full restoration of power in flood-hit areas
Pangilinan-led Manila Electric Co. (Meralco) on Wednesday afternoon said it is now close to fully restoring power services in flood-hit areas, as less than 2,800 customers continue to be hit by the outages brought about by inclement weather conditions. In an advisory, Meralco said 2,790 customers are affected by power outages as of 4 p.m. on Wednesday, July 23, majority of whom were in Cavite, Metro Manila, and Bulacan. This is down from 12,000 as of 7 a.m., and 167,000 customers as of 7 a.m. on Tuesday, July 22. 'As we near completion of our restoration activities, we would like to thank our customers for their patience and understanding and assure them that we will continue to closely monitor the weather situation and respond to electricity-related incidents, while prioritizing safety,' Meralco vice president Joe Zaldarriaga said. Meralco constructs, operates, and maintains electric distribution systems in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, as well as certain areas in the provinces of Batangas, Laguna, Pampanga, and Quezon. Classes at all levels and government work have been suspended in parts of Luzon and the Visayas on Thursday, July 24, due to inclement weather.
GMA Network
23-07-2025
- Business
- GMA Network
Meralco customers hit by power outage down to 12,000
The number of Manila Electric Company (Meralco) customers hit by power outages due to the inclement weather conditions is down to 12,000 as of Wednesday morning, with the distribution utility firm now on full alert. In an advisory, Meralco said most of the affected customers are located in Cavite, Metro Manila, and Bulacan, and are affected by flooding as of 7 a.m. on Wednesday, July 22. This is down from 29,000 customers as of 6 p.m. on Tuesday, July 22, and the peak of 167,000 customers as of 7 a.m. on Tuesday. Meralco is now on full alert with the entry of Tropical Depression Dante, which has maintained its strength as it moves northwestward over the Philippine Sea. It is expected to continue bringing moderate to sometimes intense rains over Metro Manila and several provinces. 'We remain vigilant as we monitor the current weather conditions that affect our franchise area. We remain fully committed to restoring electricity service to all impacted customers as safely and swiftly as possible,' Meralco vice president Joe Zaldarriaga said. 'Along with the Department of Energy, we also reiterate our call to continue practicing caution and follow electrical safety guidelines, especially in flood-affected areas,' he added. Meralco constructs, operates, and maintains electric distribution systems in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, as well as certain areas in the provinces of Batangas, Laguna, Pampanga, and Quezon. The firm counts as subsidiaries and associates Vantage Energy Solutions and Management Inc. and MeridianX Inc., acting as retail electricity suppliers in Luzon and the Visayas. — RSJ, GMA Integrated News
GMA Network
22-07-2025
- Business
- GMA Network
Habagat hits power services of 167,000 Meralco customers
Philippine Coast Guard personnel conduct rescue operations in Valenzuela City on Tuesday, July 22, 2025 as the Philippines reels from the effects of the southwest monsoon. Courtesy: Philippine Coast Guard/ Facebook Some 167,000 customers of the Manila Electric Company (Meralco) have been hit by power outages due to the southwest monsoon or habagat, most of whom are located in flooded areas, as the distribution utility works to restore services. In an advisory, Meralco said most of the affected customers were in Metro Manila, Bulacan, and Cavite, with the rest in Rizal, Laguna, Batangas, and Quezon as of 7 a.m. on Tuesday, July 22. Nearly 98% or over 163,000 are located in flooded areas. Meralco said 11,000 customers affected by power cuts as of 12 noon on Monday, July 21. "We ask our customers for patience and understanding as heavy floods have triggered disruptions in power services," Meralco vice president Joe Zaldarriaga said. "Rest assured that the safety of our customers and line crews is our top priority and we will immediately restore power in the affected areas once the floodwaters recede and it is safe to do so," he added. Meralco also called on the public to practice safety measures during floods—ensure that the main electrical power switch or circuit breaker is off; unplug appliances; remove mud and dirt from service equipment using rubber gloves and rubber-soled shoes; and ensure that all electrical wires, connectors, and other wiring devices are completely dry. Meralco constructs, operates, and maintains electric distribution systems in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, as well as certain areas in the provinces of Batangas, Laguna, Pampanga, and Quezon. The firm counts as subsidiaries and associates Vantage Energy Solutions and Management Inc. and MeridianX Inc., acting as retail electricity suppliers in Luzon and the Visayas. State weather bureau PAGASA has issued a red rainfall warning for Metro Manila, Bataan, and parts of Cavite, indicating the possibility of serious flooding in flood-prone areas. An orange rainfall warning was also raised over Rizal, Laguna, Batangas, Zambales, Pampanga, Bulacan and Cavite (Alfonso, Amadeo, General Emilio Aguinaldo, Indang, Magallanes, Maragondon, Mendez, Silang, Tagaytay, Ternate, Trece Martires, Carmona, Gen. Mariano Alvarez, Naic, Tanza). A yellow rainfall warning was likewise raised on Nueva Ecija, Tarlac, and Quezon. The southwest monsoon or habagat is expected to continue to bring cloudy skies and rains over parts of the country. PAGASA is also monitoring two low pressure areas (LPAs) inside the Philippine Area of Responsibility, with one having a high chance of developing into a tropical depression within the next 24 hours. — VDV, GMA Integrated News
