meralco news
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GSIS sees lower profits for the year
Manila :: Philippines | over 3 years ago
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Government Service Insurance System said the absence of extraordinary gains and the lower interest rates will reduce its earnings for the year. P40 billion and P42 billion, about 20-percent lower than the P51 billion it booked in 2008...The pension
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OFWs in UAE fear losing jobs
Manila :: Philippines | over 3 years ago
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Filipino Workers based in the United Arab Emirates are becoming restive due to fears of job loss amid the financial crisis being experienced in Dubai, a migrants� group said on Tuesday. Migrante-Middle East said the OFWs in Dubai are �uneasy�
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BSP says Philippine growth to meet low-end target
Tubod :: Philippines | over 3 years ago
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Last week, the National Statistical Coordination Board announced that the country�s gross domestic product, the sum of all goods and services produced within the country, was at 0.8 percent, the low-end of the between 0.8 percent and 1.8 percent
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GSIS says willing to face Senate probe
Manila :: Philippines | over 3 years ago
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State pension fund Government Service Insurance System said it is willing to undergo a Senate inquiry about its pension disbursement scheme...Card Plus ATM account, the agency has been able to send the pay way ahead before the end-of-the-month
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ERC allows Meralco to jack up rates
Manila :: Philippines | over 3 years ago
Credibility
The Energy Regulatory Commission has allowed Meralco to increase its rates by less than two centavos per kilowatt hour in December. The recovery period will be carried out by Meralco for four years. A subscriber who consumes 200 kWH will have to
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San Miguel sells substantial stake to Ongpin firm
San Miguel :: El Salvador | over 3 years ago
Credibility
Data from the Philippine Stock Exchange showed that Top Frontier Investment Holdings Inc. acquired about 28-percent stake in Southeast Asia�s largest food and beverage conglomerate for P64.3 billion or P75 per share. The 857.12-million San Miguel
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Lopez family to hold on to remaining Meralco stake
Lopez :: Philippines | over 3 years ago
Credibility
Following the sale of 6.7-percent stake to Metro Pacific Investments Corp., the local unit of Hong Kong conglomerate First Pacific Co. Ltd., Oscar Lopez, the family patriarch and the chairman of First Holdings Corp., said the clan still wants to be
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DOE, Veco sign deal to distribute 2M energy-saving lamps in Metro Cebu
Moa :: Cuba | over 3 years ago
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The Department of Energy (DOE) and the Visayan Electric Co. (Veco) have signed a memorandum of agreement (MOA) for the distribution of more than two million energy-saving compact fluorescent lamps (CFLs) to Veco customers in Metro Cebu. DOE will
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EDC sells more retail bonds than originally planned
Burgos :: Philippines | over 3 years ago
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P2 billion more than planned � the company�s debt securities were already spoken for ahead of the offering�s November 26 closing, the company said. �The issue will be split into two tranches � one tranche with a term of 5-1/2 years and the other
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Meralco seeks court verdict declaring agreement with Napocor valid
Manila :: Philippines | over 3 years ago
Credibility
On Monday, Meralco filed a petition for declaratory relief at the Pasig City Regional Trial Court, the company said in its disclosure to the Philippine Stock Exchange (PSE). Its agreement with Napocor is neither prejudicial nor disadvantageous to the
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