Companies

The Manila Electric Co. (Meralco) expects a 3- to 4-percent hike in its energy sales for the first half of this year.

The hotel arm of listed property developer 8990 Holdings Inc. plans to invest P1.5 billion to expand its hotel portfolio over the next six years, riding on the domestic tourism boom.

The local stock market can sustain its rally in the next few years, depending on the ability of the next leader to continue the Aquino administration’s reforms focusing on macroeconomic stability, a financial expert said.

By Riza Lozada The European Union (EU) had sought a clearer policy on the installation of solar panels on rooftops of factories.

The Philippine Stock Exchange (PSE) is optimistic about hitting its P200-billion target capital to be raised this year despite the weak market, a bourse official said.

Trans-Asia Oil and Energy Development Corp. (TA) topped the bid for three power barges each with a capacity of 32 megawatts (MWs) of state power assets holding firm Power Sector Assets and Liabilities Management (PSALM) with an offer of P420 million in cash.

By Riza Lozada The Energy Regulatory Commission (ERC) gave the Manila Electric Company (Meralco) a provisional approval to lower its distribution charges by 17 centavos per kilowatt hour (kWh).

The Philippine Stock Exchange index (PSEi) is expected to close the year between the 8,000 and 8,300 level on the back of the country’s strong macroeconomic fundamentals, even amid its roller-coaster ride.

The market outlook for postpaid mobile cellular service is growing with more bundled value-added services at economical costs.

Globe Telecom has emerged as the No. 1 postpaid brand in the country based on revenue market share, the global metric used in determining market leadership across telcos worldwide.