Global Business Power - updates

Rappler's latest stories on Global Business Power


Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

PLDT sells remaining stake in Beacon to MPIC

Jun 14, 2017 - 1:30 PM

Metro Pacific Investments Corporation the sister company of PLDT buys the telco s remaining stake in Beacon for P21 8 billion

FINANCIALLY SATISFYING. 'The divestment of our Beacon investment will help the PLDT group focus on the key priorities in its core businesses. While the investment is now viewed as no longer strategic, it has nonetheless been a very financially satisfying one,' PLDT Chairman Manuel Pangilinan says. Photo by Martin San Diego/Rappler

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group Global Business Power will now reach the Mindanao market

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

BEST DEAL. George Ty's GT Capital Holdings acquired 15% of Manuel V. Pangilinan's Metro Pacific Investment Corporation in 2016.

Metro Pacific expects higher core net income in 2016

Aug 03, 2016 - 6:10 PM

During the first half of the year Metro Pacific sees a 13 increase in its core net income to P6 6 billion on the back of strong growth in all its operations

BETTER CASH FLOW. In undertaking latest acquisitions, Metro Pacific chief Jose Maria Lim says the firm has enhanced its overall cash flow and growth prospects. Photo by Chrisee Dela Paz/Rappler

Metro Pacific buys additional 25% interest in Beacon from PLDT

May 30, 2016 - 4:45 PM

Through this deal Metro Pacific will increase its direct and indirect economic interest in Meralco to 41 making it the single largest source of cash generation for the conglomerate

BETTER CASH FLOW. In undertaking this investment, Metro Pacific President and CEO Jose Ma Lim says the firm has enhanced its overall cash flow and growth prospects. Photo by Chrisee Dela Paz/Rappler

First Pacific group acquires 56% stake in Global Business Power

May 27, 2016 - 8:23 PM

MPIC says it will use excess cash to raise equity stake in Meralco through buying more Beacon Electric shares from PLDT

MORE POWER INVESTMENTS. This new partnership with GT Capital strengthens the cash position of First Pacific, MPIC's Pangilinan (R) says. In the photo are MPIC's Jose Ma Lim (C) and David Nicol (R). Photos by Chrisee Dela Paz/Rappler

Meralco gets ERC approval to source 64 MW of additional power

May 25, 2015 - 8:53 AM

Meralco’s IPSA agreements will result in reduced exposure to WESM and is predicted to lower consumers electricity rates

Meralco to renew interim power supply agreements

Jun 29, 2014 - 2:54 PM

The extension of the power supply agreements comes as Luzon expects tight energy supply due to scheduled outages of several power plants

Meralco to raise stake in Global Business Power

May 27, 2014 - 6:16 PM

Meralco is acquiring stakes in power generation companies in a bid to build a diversified portfolio of 2 500 megawatts by 2020

Meralco and the Metrobank Group are partners in a power generation business. File photo by AFP

Ty group putting up another coal plant in Iloilo

Jan 30, 2014 - 5:07 PM

The plant will serve the power requirements of ongoing developments in the province

Meralco acquires stake in Ty-led Global Power

Oct 23, 2013 - 6:23 PM

Tycoon George Ty sells 20 of his group s stake in Global Business Power Corporation to MGen a unit of power distributor Meralco

DEAL. Meralco and Global Power have sealed their power deal. File photo by AFP

MVP, Ty groups seal power deal

Oct 08, 2013 - 7:00 PM

The groups of businessman Manuel Pangilinan and tycoon George Ty are joining forces as they beef up their investments in the power sector

DEAL. JG Summit is buying the shares held by the San Miguel group in power distributor Meralco. Photo taken by AFP

Meralco seeks partners for Mindanao power venture

Apr 23, 2013 - 8:10 AM

Power giant Manila Electric Co Meralco is currently in exploratory talks with an existing generation company for a possible venture in power starved Mindanao

AYALA AND POWER. Ayala is participating in a power project in Mindanao. Photo by John Javellana.

Ty group gets P7-B loan for Toledo coal plant

Mar 08, 2013 - 2:27 PM

A consortium of banks grant a P7 billion facility to George Ty led Toledo Power to finance the expansion of its clean coal fired power plant in Toledo City

P7 BILLION LOAN. Toledo Power is looking to finance expansion. AFP Photo

Meralco, Global Power to build 4 power plants in Mindanao

Jan 29, 2013 - 4:54 PM

The units of power distributor Manila Electric Co Meralco and the Metrobank group of tycoon George Ty are in a joint venture to build 4 coal fired power plants in Mindanao

Metrobank unit expands power plant in Iloilo

Oct 02, 2012 - 4:23 PM

The move forms part of the group s commitment to boost supply in Iloilo and the whole of Visayas

Ty-led power unit eyes putting up 200-MW plants in Luzon

Aug 17, 2012 - 1:39 AM

Tycoon George Ty s power company wants to join the biggest power players of the country in Luzon where an energy shortage looms