Global Power - updates

Rappler's latest stories on Global Power


JG Summit's core profits dip slightly in 2017

Apr 13, 2018 - 6:35 PM

Its earnings from its petrochemicals unit are offset by losses from URC and Cebu Pacific

PCC approves San Miguel's $1.9-B Masinloc coal power plant acquisition

Feb 26, 2018 - 6:55 PM

The Philippine Competition Commission finds that the deal does not result in substantial lessening of competition in the power generation and retail electricity markets

San Miguel buys Masinloc coal power plant for nearly $2 billion

Dec 18, 2017 - 4:15 PM

San Miguel Corporation tops other major power players in the Philippines for the facility, which has an installed capacity of 630 megawatts and is set to add another 300 by mid-2019

Rappler Talk: Amy Searight on changing Southeast Asian and global power dynamics

Aug 05, 2017 - 2:24 PM

Policy analyst Amy Searight: It s a challenge for this administration who wants to focus in Asia and Southeast Asia

San Miguel's net income doubles on sale of telco assets

Aug 11, 2016 - 11:49 AM

The sale of its telco business enables San Miguel to book a one time gain of P11 8 billion

HIGHER PROFIT. 'We hope in the next 5 years, we can reach $40 billion to $50 billion through acquisitions and organic growth,' says SMC President and COO Ramon Ang (front row, 2nd from left, seated). Photo by Chrisee Dela Paz/Rappler

San Miguel net income up 26% to P38.2 billion in 2015

Mar 17, 2016 - 10:22 PM

The conglomerate’s operating income is up 41 on the back of strong food beverage and packaging performances but consolidated revenue is down due to low oil prices affecting its subsidiaries

Mugabe welcomes China's Xi in rare visit

Dec 01, 2015 - 8:37 PM

Xi is the most prominent leader for many years to visit Zimbabwe

FRIENDS. Chinese President Xi Jinping (L) walks hand-in-hand with Zimbabwe's President Robert Mugabe(R)on the Chinese leader's arrival in Harare where China and Zimbabwe are scheduled to sign various economic deals in agriculture, energy and infrastructure development, on December 1 2015. Photo by JEKESAI NJIKIZANA / AFP

Petilla: Give Competitive Selection Process a chance

Nov 13, 2015 - 4:26 PM

You need rules CSP is where everything is a level playing field and everybody competes other than just negotiates the former energy secretary and senatorial candidate says

RULES. Former Energy secretary and senatorial candidate Carlos Jericho Petilla says the Competitive Selection Process aims for balance between profit and public service in a market-driven energy sector.

Meralco: Competitive Selection Process will hurt consumers

Nov 02, 2015 - 6:00 AM

The policy is illogical and not in consumers interest as it gives gencos the power to dictate prices says the head of the distribution utility Manuel Pangilinan

Coal power plants in Bataan commit human rights violations

Aug 05, 2015 - 1:29 PM

Ash fall is just the tip of the iceberg Residents of a Bataan town are facing violence and harassment amidst the fight against their eviction from their own land to accommodate the new coal fired power plants

Clinker and ash from coal are seen in seabeds in Lucanin, Mariveles, Bataan. Photo by Ayeen Karunungan/ Rappler

Conglomerates seeking to manage Mindanao coal plant

Apr 19, 2015 - 9:57 PM

PSALM also plans to auction the selection and appointment of an IPPA for the Unified Leyte Geothermal Power Plants

There are 12 firms interested in the Independent Power Producer Administrator(IPPA) contract for the 200 MW Mindano Coal Power plant in Misamis Oriental, Mindanao.

San Miguel group yet to take over Aleco

Jan 13, 2014 - 7:54 AM

Unit SMC Global Power was supposed to take over management of Aleco but a group of consumers prevented it from happening

San Miguel power arm eyes IPO in 2014

Dec 27, 2013 - 4:40 PM

SMC Global plans to use the IPO proceeds in financing expansion plans

FINAL DEADLINE. The 2014 listing target for SMC Global Power will proceed, according to San Miguel president Ramon Ang. File photo by AFP

Market abuse? DOJ sets probe amid Meralco price hike

Dec 16, 2013 - 2:42 PM

DOJ will look into allegations of unfair business practice by power firms to increase the price hike of Meralco 3 times more than expected

San Miguel to list power unit, raise $1-B in 2014

Oct 29, 2013 - 5:04 PM

San Miguel is now considering an equity sale and IPO of its power generation arm to raise about 1 billion in the first quarter of 2014

FINAL DEADLINE. The 2014 listing target for SMC Global Power will proceed, according to San Miguel president Ramon Ang. File photo by AFP

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

San Miguel 2012 profits up 35% to P38.6-B

Mar 21, 2013 - 3:33 PM

The country s biggest business group earned P38 6 billion and revenues reached P689 9 billion in 2012

#TalkThursday: Global power and security shifts

Jan 24, 2013 - 9:59 AM

Rappler talks to former United States ambassador to the Philippines John Negroponte

INFOGRAPHIC: Top power players in the Philippines

Jan 16, 2013 - 4:41 PM

San Miguel leads the biggest privately controlled power producers in the country

Plunder complaint vs SC justice, Ongpin

Sep 24, 2012 - 6:20 PM

Top businessmen Roberto Ongpin and Ramon Ang allegedly entered into a contract that is grossly disadvantageous to the government

San Miguel Power's IPO set for 2012

Dec 21, 2011 - 4:47 PM

The IPO proceeds of SMC Global Power Holdings Corp may be one of the country s biggest