NATIONAL GRID Corporation of the Philippines may soon start disconnecting from the grid distribution utilities and electric cooperatives in Luzon that have failed to register with the wholesale electricity spot market, following the issuance of an energy department circular.
SAN MIGUEL Corp. has increased its stake in Petron Corp. to 37.8 percent of the oil refiner’s outstanding capital stock as part of its intention to acquire a controlling interest by year’s end.
UBS SECURITIES has revised upward its 2010 growth forecast for the Philippines to 7.3 percent from 5.5 percent after a strong showing in the first semester.
