News & Features

December 14, 2017

MRC Allied Inc. is raising nearly P1 billion through a private placement to fund its aggressive expansion in the power sector.

In a regulatory filing, MRC Allied said its board approved the sale of 2.56 billion common shares from the firm’s unissued and unsubscribed capital at P0.39 apiece.

MRC aims to develop at least 1,000 megawatts of clean and renewable...

December 7, 2017

As published on UKReuters

MANILA (Reuters) - The Philippines is aiming to next year award the permit to build and operate the country’s first facility for receiving and distributing liquefied natural gas, its energy secretary said on Tuesday.

The project, estimated to cost $2 billion, comes as the Southeast Asian nation seeks to replace depleting local gas...

December 1, 2017

As published on BusinessInquirer

A subsidiary of Chinese construction giant China Energy Engineering Corp. Ltd. has started a yearlong due diligence that would lead to a decision on whether it would pursue a liquefied natural gas (LNG) project with MRC Allied Inc.

MRC said in a disclosure to the Philippine Stock Exchange that it had signed a memorandum of u...

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