News: Meralco taps SoKor’s Doosan for nuclear option

Wednesday, October 9, 2024

Meralco taps SoKor’s Doosan for nuclear option

October 10, 2024

BANKING

BSP to look deeper into banks' related dealings

The Bangko Sentral ng Pilipinas (BSP) wants to require banks and other financial institutions to provide more details about their business dealings, particularly information that can help the regulator spot potential conflicts of interest and possible financing risks from lenders' exposure to big-ticket infrastructure projects.

By Ian Nicolas P. Cigaral

ENERGY

Meralco taps SoKor's Doosan for nuclear option

Energy giant Manila Electric Co. (Meralco) has firmed up efforts to explore opportunities in the nuclear energy space as it tapped a South Korean company to launch several initiatives, including looking into the possible revival of the Bataan Nuclear Power Plant.

By Lisbet K. Esmael

TRANSPORTATION

Tollways merger seen wrapping up this month

The planned merger of Metro Pacific Tollways Corp. with the tollways unit of San Miguel Corp. (SMC) is expected to be completed this month, according to MPTC president and CEO Rogelio Singson. Singson on Wednesday said that announcements about the combination should be expected "soon," adding that this will happen within the month of October.

By Alden M. Monzon

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BIZ BUZZ

Gogoro: Pull the plug or not?

A year and a half after bringing Taiwanese electric scooter brand Gogoro to the Philippines, Globe Group's 917Ventures and parent conglomerate Ayala Corp. are now in a dilemma on whether to pull the plug or endure the financial drag a little bit more.

By Doris Dumlao-Abadilla

INQUIRER PLUS-EXCLUSIVE

Thousands watch Singapore's last horse race, after 181 years

SINGAPORE—After a more than 180-year history, horse racing in Singapore has come to an end. The city-state's Singapore Turf Club held its final horse race in front of a 10,000-strong crowd on Saturday Oct. 5, before it hands back the 120-hectare racecourse to the government for redevelopment in 2027. The Turf Club is the land-scarce financial hub's only racecourse.

By Reuters

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