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Part 2: A letter obtained by Rappler shows DepEd's logistics provider remained unpaid for over a year. A source privy to the information tells Rappler that unpaid subcontractors sold DepEd laptops to recoup costs.
Pangilinan-led Metro Pacific Investments Corp. reported yesterday a consolidated core net income of P12.3 billion last year, up 20 percent from the P10.2 billion recorded a year ago.
Published May 10, 2021, 6:00 AM
Power utility giant Manila Electric Company (Meralco) has completed P4.2 billion worth of capital expenditure (capex) projects in this year’s first quarter, with the bulk of P3.4 billion funneled to electric capital projects.
The scale of the company’s capital outlay within that three-month stretch was roughly a quarter of the P20 billion capex it earmarked for this year and approved by the Energy Regulatory Commission.
The company said it commissioned at least five substation projects in the first three months of the year. These include the expansion of the San Pablo-2 115 kilovolt (kV)-34.5kV substation in Laguna; the expansion of the Pulilan 69kV-13.8kV substation in Bulacan; expansion of the Light Industry and Science Park (LISP) 115kV-34.5kV gas insulated (GIS) substation in Laguna; replacement of the Tagaytay 115kV-13.8kV power transformer bank no. 1; and the uprating of the Cruz na Daan 69kV-13.8kV substation to 50 megavolt ampere (MVA) f