Backdoor listing for Meralco’s renewable energy unit only feasible in 2 years

Elijah Felice Rosales – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — A planned backdoor listing for MGen Renewable Energy I…

Elijah Felice Rosales – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — A planned backdoor listing for MGen Renewable Energy Inc. (MGreen) may have to wait until 2027, as the company intends to consolidate energy assets and finish its flagship project first to strengthen business viability.

In an interview with reporters, Manila Electric Co. (Meralco) chairman and CEO Manuel V. Pangilinan said MGreen would have to wait until 2027 before it can enter the Philippine Stock Exchange (PSE) through a backdoor listing.

MGreen is gearing up to become a publicly listed company through a backdoor listing via SP New Energy Corp. (SPNEC), where it owns a 69-percent share.

Pangilinan said SPNEC’s biggest project, the P200-billion Terra Solar, would start energization in the second half of 2026. He believes it would be best to wait for Terra Solar to be activated so MGreen can see how profitable the project is.

“The re-IPO of SPNEC through MGreen cannot be done until 2027 at the earliest because Terra Solar will not start to energize until August to November of 2026. We need to see the revenue of Terra Solar enter the books of SPNEC and MGreen before we are able to relaunch IPO in 2027,” Pangilinan said.

For now, what Pangilinan wants Meralco to do is to transfer its renewable projects into SPNEC to strengthen its financial standing and make it profitable by 2026.

MGreen can then undertake a share swap to prepare for its backdoor listing via SPNEC.

Pangilinan said the goal is to make MGreen the country’s flagship entity for renewable projects, handling solar and wind facilities that bridge the supply gap in power.

“We do have existing renewables projects that are operational and are being built outside of Terra Solar. My suggestion to Meralco is let’s inject [those] into SPNEC so it becomes a bigger entity, and possibly make it profitable in 2026,” Pangilinan said.

Terra Solar, which traverses 3,500 hectares of land across Nueva Ecija and Bulacan, is capable of delivering 3,500 megawatts of solar power to the Luzon grid.

It is equipped with a 4,500-MW battery energy storage, making it the world’s largest solar and battery facility.

SPNEC is also planning to build potentially in Southern Tagalog the second farm of Terra Solar, estimated to generate about 1,500 MW.

However, Pangilinan said the company is facing land problems, as certain properties being eyed for the project are either incapable of holding solar panels or prone to flooding.

DepEd: Christmas parties not banned

Evelyn Macairan – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — The Department of Education has denied social media posts cl…

Evelyn Macairan – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — The Department of Education has denied social media posts claiming that DepEd is prohibiting Christmas parties in schools.

“That is fake news,” the DepEd said, maintaining that no announcement banning Christmas parties in schools this year has been released.

The public should report social media pages spreading fake news, the DepEd said.

The agency urged the public to visit verified social media accounts and website of the DepEd for official updates.

New builds keep Globe ahead in mobile space

Elijah Felice Rosales, Kylyn Kyth Cuñado – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — Telco-to-tech giant Globe Telecom I…

Elijah Felice Rosales, Kylyn Kyth Cuñado – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — Telco-to-tech giant Globe Telecom Inc. may be eyeing to challenge the broadband leaders soon, but it is keeping its foot on the pedal in the mobile space, where it is dominating rivals with new builds and products.

Based on its financial report, Globe hit a record P25.2 billion in mobile data revenues in the third quarter, picking up momentum from the accelerated 5G adoption among Filipinos.

Globe also cemented its grip in the subscriber race, expanding its customer base by five percent to 63.1 million, the largest in the industry.

Globe currently sources 86 percent of its mobile revenues from data, as Filipinos reload more frequently to access digital services. Thus, the telco is putting up new networks across the archipelago to keep up with the demand.

As of end-September, Globe has completed 1,375 new cellular builds and 8,699 mobile site upgrades. Also, it has invested in 877 new 5G sites in emerging regions and high-traffic cities.

Globe’s 5G coverage has reached 98.71 percent of Metro Manila and 98.31 percent of key cities in the provinces, placing it in a good position to capture future demand.

Globe president and CEO Carl Raymond Cruz said the mobile segment would remain the foundation of the telco even as it is trying to challenge broadband leadership.

“Mobile will remain the backbone of our growth as we push forward with our customer-focused innovations and inclusive services,” he said.

Recently, Globe launched new products aimed at responding to specific demands in the data market. Among its latest spinoffs are artificial intelligence (AI) programs in data bundles under its flagship Go Plus.

Globe added design app Canva, which relies on AI, to the list of sites that can be accessed when a subscriber chooses a Go Plus promo. Globe chief sustainability and corporate communications officer Yolanda Crisanto said the telco hopes to stay ahead of competitors with the launch of new products.

Globe is also out to become a broadband leader, setting its eyes on claiming the second spot from Converge ICT Solutions Inc. before it competes with industry leader PLDT Inc.

Globe serves a broadband base of 2.1 million, trailing PLDT’s 4.12 million and Converge’s 2.93 million, but it is gaining momentum from its low-cost product GFiber Prepaid. 

Dogfight looms in battle for Match Play crown

The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — Unlike the men’s battle, where a few clear favorites loom large, the title cha…

The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — Unlike the men’s battle, where a few clear favorites loom large, the title chase in the women’s side of the ICTSI The Country Club Match Play Championship shapes up to be a wide-open battle among the tour’s brightest stars – particularly the leg winners from the just-concluded Ladies Philippine Golf Tour.

The season-ending championship, which assembles the top 16 performers from the year-long circuit, unwraps tomorrow at the demanding The Country Club layout.

Leading the elite field is Order of Merit winner Sarah Ababa, efending champion Florence Bisera, Chanelle Avaricio, Mafy Singson, Tiffany Lee, Harmie Constantino, Chihiro Ikeda, Martina Miñoza, Gretchen Villacencio, Daniella Uy, Pamela Mariano, Kristine Fleetwood, Apple Fudolin, Seoyun Kim, Velinda Castil and Kayla Nocum.

Princess Superal, winner at Caliraya Springs, is skipping the Match Play to compete in the Japan.

8 cops nabbed for rape, robbery

Ed Amoroso, Emmanuel Tupas – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — Eight police officers assigned with the Police Dr…

Ed Amoroso, Emmanuel Tupas – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — Eight police officers assigned with the Police Drug Enforcement Group or PDEG were arrested for the alleged rape of a Grade 9 student in Bacoor City on Saturday.

The girl complained that the officers – a lieutenant, a master sergeant, three corporals  and three patrolmen – took her cellphone after the abuse.

Members of the Bacoor police station, police regional intelligence division and regional mobile force battalion arrested the eight officers inside the PDEG-4A office at Camp Vicente Lim in Calamba City, Laguna yesterday.

The raiding team is also looking for six other officers – four patrolmen and two corporals – who reportedly participated in the crime.

Brig. Gen. Elmer Ragay, PDEG director, relieved the suspects from their posts and initiated the filing of administrative complaints, aside from the criminal cases for violation of Republic Act 8353 or the anti-rape law and robbery in band before the prosecutor’s office.

BI on heightened alert for Zaldy Co, 15 others

Evelyn Macairan – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — Immigration personnel stationed at international airports an…

Evelyn Macairan – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — Immigration personnel stationed at international airports and seaports are under heightened alert for former Ako Bicol party-list representative Zaldy Co and 15 of his co-accused.

Their names have been encoded into the Bureau of Immigration’s centralized derogatory database, ensuring that frontline officers can immediately flag, verify and respond should any of them attempt to depart from or enter the Philippines, BI Commissioner Joel Anthony Viado said.

“Once intercepted, our officers are under strict instruction to promptly coordinate with the Philippine National Police for the proper and lawful execution of the warrants,” Viado said.

He assured the public that the BI remains fully aligned with law enforcement agencies to ensure that the warrants are executed once these individuals present themselves at the country’s ports.

Co and three other persons ordered arrested by the Sandiganbayan are currently out of the country, the BI yesterday announced.

Viado said Co left for Singapore on Aug. 6, while Department of Public Works and Highways (DPWH) officer-in-charge of Planning and Design Division Montrexis Tamayo went to Qatar on Nov. 15; Sunwest Inc. president and board chairman Aderma Angelie Alcazar traveled to Australia on Oct. 2; and Sunwest Inc. treasurer Cesar Buenaventura departed for the United Arab Emirates also on Oct. 2.

It was only last September when Co’s name was included in the BI’s Immigration Lookout Bulletin Order, while the three others were recently added to the ILBO.

To see is to believe – VP

Vice President Sara Duterte yesterday said “to see is to believe” if the Marcos administration would be able to apprehend Co.

Duterte, who was asked by News 5 at the “DU30 Run” event in Davao City, said, “To see is to believe. So, we will see the sincerity of the administration to go after the perpetrators in the flood control scandal corruption, if we see that they presented the evidence well and in order and if there would be people who would be held accountable.”

When asked for her comment on the recommendation of DPWH and the Independent Commission for Infrastructure to prosecute former speaker and Leyte Rep. Martin Romualdez, the Vice President said, “Of everyone that the administration said it will file a case and put in jail, to see is to believe.”

DILG probing alleged data breach

Rainier Allan Ronda – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — The Department of the Interior and Local Government (DIL…

Rainier Allan Ronda – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — The Department of the Interior and Local Government (DILG) said it was still verifying a reported breach of its system allegedly staged by a hacktivist group.

“Our technical teams and government cybersecurity units are undertaking the appropriate investigative steps,” the DILG said yesterday in a statement.

“Initial checks show our core services remain stable. We have activated containment and security protocols to protect our data while the investigation continues,” it said.

The statement was issued after Deep Web Konek, a cybersecurity monitoring group, issued an alert on the claim of a hacktivist group – known as #HappyGoLuckyPH – that it infiltrated the DILG intranet and downloaded around 400 gigabytes of sensitive data.

The group posted screenshots that claim to show direct access to a DILG data base containing over 113,000 stored files used for local government unit reporting, planning and documentation.

Another image shows data being pulled from DILG servers, hinting that multiple internal platforms were compromised.

“Early verification of the screenshots suggests the data shown resembles genuine operational material based on naming conventions, structure, and the domain sources seen in the download panel,” Deep Web Konek said on their Facebook page.

#HappyGoLuckyPH, Deep Web Konek noted,insists their actions are “pure hacktivism” and claims the breach was meant to call attention to corruption, not to sell or trade stolen data.

Philippines, Singapore discuss bilateral relations, economic cooperation

Pia Lee-Brago – The Philippine StarNovember 24, 2025 | 12:00am

MANILA, Philippines — The Philippines and Singapore discussed new avenues for collab…

Pia Lee-Brago – The Philippine Star

November 24, 2025 | 12:00am

MANILA, Philippines — The Philippines and Singapore discussed new avenues for collaboration during the 7th Informal Consultations on the Philippines-Singapore Action Plan (IC-PSAP) held in Singapore last week.

Philippine Foreign Affairs Undersecretary for policy Ma. Hellen de La Vega and Foreign Ministry Permanent Secretary Albert Chua for Singapore discussed more robust defense and maritime cooperation as well as combat online scams in the region.

They also deliberated on the state of bilateral relations, highlighting economic cooperation and opportunities to expand Philippine agricultural exports to Singapore.

The delegations also exchanged views on green economy, energy, climate change and carbon credit initiatives, water and waste management, smart and sustainable infrastructure, biodiversity conservation and people-to-people ties.

Following the IC-PSAP, De La Vega paid a courtesy call on Singapore Foreign Minister Vivian Balakrishnan. The officials discussed the direction of the Philippines-Singapore bilateral relations and key regional issues.

The Informal Consultations are anchored on the 1998 Memorandum of Understanding on the PSAP, which provides a framework for strengthened bilateral cooperation initiatives for the promotion of peace and prosperity in both countries and across the region.

Big talks, no action: Reps and its promised electoral reforms

With one week left to December and just under four weeks before the House of Representatives winds down for the year, the Green Chamber appears to be f…

With one week left to December and just under four weeks before the House of Representatives winds down for the year, the Green Chamber appears to be failing on its promise to deliver the much-touted promise of electoral reforms.

Despite repeated assurances from Abbas Tajudeen, Speaker of the House and Benjamin Kalu, the Deputy Speaker that the House was “serious” about delivering electoral changes on or before December 2025, ahead of the upcoming general elections, the reforms are still stuck in the early stages and far from completion.

Abbas had boasted before a European Union delegation in Abuja that things would be different. He revealed that the House had resolved to isolate electoral amendments from other constitutional issues and push them through by December.

Read also: Reps race against time to deliver electoral reforms by December

“We agreed that because of some of the amendments that we want to bring forth , some are by way of Act of Parliament, some are by constitutional amendment – we will fast track and isolate the electoral issues and take them as one, single entity; and push them forward for the National Assembly to deliberate and take a position; and then send them to the sub-nationals (state Houses of Assembly) to also consider them within a short timeframe, between now and December,” he said.

“We will not be late,” he stressed with confidence, stressing that the reforms would give INEC enough time to implement changes well before the 2027 polls. His assurance was a direct response to EU concerns on whether the House could deliver on the promise

The delegation was led by Barry Andrews, a Member of the European Parliament, who told Lawmakers that “Time is of the essence.”

It’s December soon and Nigerians are still waiting for the reforms which the House said would guarantee free, fair and credible elections.

Lawmakers had pledged to start voting on constitutional amendment bills in October, with electoral reforms as a key priority. That didn’t happen. An aide to the Deputy speaker who also chairs the Committee on Constitutional amendment later hinted that November would be the month for votes, but as the month draws to a close, there is no sign that parliamentary bells will ring for this crucial exercise.
Over the past three months, none of the proposed reforms have moved beyond committee stages, leaving critical bills still awaiting their third reading. Meanwhile, the political calendar marches on, campaign activities for 2027 are expected to kick into high gear from February next year.

The electoral reforms are ambitious: First, lawmakers want to hold all elections in one day. In practice, this would mean that presidential, governorship, National Assembly, and state assembly contests are all decided in a single outing. Abbas Tajudeen, Speaker of the House of Representatives believes this could slash election costs by up to 40 percent and boost voter turnout, as citizens tend to show up more for the high-stakes presidential vote than for state-level polls.

Related News

Read also: Strengthening democracy: A call for electoral reforms

Second, the proposals would open the door for independent candidates. This has long been a demand of civil society groups who argue that Nigeria’s political parties are gatekeepers that shut out credible contenders. Allowing independents could give voters more choice – though it may also splinter the ballot.

Another proposed shift would be transferring the power to appoint the chairman of the Independent National Electoral Commission (INEC) away from the President and into the hands of the National Judicial Council. The thinking is simple: fewer political fingerprints on the appointment process could strengthen the perception of INEC’s neutrality.

Lawmakers are also pushing for stricter rules on party politics. For instance, party executives would be barred from holding elective offices at the same time, reducing conflicts of interest.

Other ideas on the table include establishing an Electoral Offences Commission, ensuring that all pre-election matters are resolved before officeholders are sworn in, creating a Local Government Elections Commission, and even reserving parliamentary seats for women and persons with disabilities.

The big question, of course, is whether all this can be done in time. Electoral reforms are notorious for dragging on in Nigeria, often getting caught in partisan crossfire or slowed by the cumbersome process of amending the constitution.

Read also: EU wants urgent electoral reforms ahead of 2027 elections

In Nigeria, the process for amending the Constitution is deliberately rigorous to ensure broad consensus. A constitutional amendment such as the ones seeking to reform elections must pass through several formal stages before it becomes law:

Even if the National Assembly passes the bill, it must be sent to the 36 state Houses of Assembly. To succeed, at least two-thirds of the state assemblies, this means 24 states must approve the amendment to ensure federal-state consensus.

Once the required number of state assemblies approve, the bill is returned to the National Assembly and then sent to the President for assent. The President must sign the bill into law before any electoral amendment can become law. But the electoral reforms are not even half way through this journey.

Big talks, no action: Reps and its promised electoral reforms

With one week left to December and just under four weeks before the House of Representatives winds down for the year, the Green Chamber appears to be f…

With one week left to December and just under four weeks before the House of Representatives winds down for the year, the Green Chamber appears to be failing on its promise to deliver the much-touted promise of electoral reforms.

Despite repeated assurances from Abbas Tajudeen, Speaker of the House and Benjamin Kalu, the Deputy Speaker that the House was “serious” about delivering electoral changes on or before December 2025, ahead of the upcoming general elections, the reforms are still stuck in the early stages and far from completion.

Abbas had boasted before a European Union delegation in Abuja that things would be different. He revealed that the House had resolved to isolate electoral amendments from other constitutional issues and push them through by December.

Read also: Reps race against time to deliver electoral reforms by December

“We agreed that because of some of the amendments that we want to bring forth , some are by way of Act of Parliament, some are by constitutional amendment – we will fast track and isolate the electoral issues and take them as one, single entity; and push them forward for the National Assembly to deliberate and take a position; and then send them to the sub-nationals (state Houses of Assembly) to also consider them within a short timeframe, between now and December,” he said.

“We will not be late,” he stressed with confidence, stressing that the reforms would give INEC enough time to implement changes well before the 2027 polls. His assurance was a direct response to EU concerns on whether the House could deliver on the promise

The delegation was led by Barry Andrews, a Member of the European Parliament, who told Lawmakers that “Time is of the essence.”

It’s December soon and Nigerians are still waiting for the reforms which the House said would guarantee free, fair and credible elections.

Lawmakers had pledged to start voting on constitutional amendment bills in October, with electoral reforms as a key priority. That didn’t happen. An aide to the Deputy speaker who also chairs the Committee on Constitutional amendment later hinted that November would be the month for votes, but as the month draws to a close, there is no sign that parliamentary bells will ring for this crucial exercise.
Over the past three months, none of the proposed reforms have moved beyond committee stages, leaving critical bills still awaiting their third reading. Meanwhile, the political calendar marches on, campaign activities for 2027 are expected to kick into high gear from February next year.

The electoral reforms are ambitious: First, lawmakers want to hold all elections in one day. In practice, this would mean that presidential, governorship, National Assembly, and state assembly contests are all decided in a single outing. Abbas Tajudeen, Speaker of the House of Representatives believes this could slash election costs by up to 40 percent and boost voter turnout, as citizens tend to show up more for the high-stakes presidential vote than for state-level polls.

Related News

Read also: Strengthening democracy: A call for electoral reforms

Second, the proposals would open the door for independent candidates. This has long been a demand of civil society groups who argue that Nigeria’s political parties are gatekeepers that shut out credible contenders. Allowing independents could give voters more choice – though it may also splinter the ballot.

Another proposed shift would be transferring the power to appoint the chairman of the Independent National Electoral Commission (INEC) away from the President and into the hands of the National Judicial Council. The thinking is simple: fewer political fingerprints on the appointment process could strengthen the perception of INEC’s neutrality.

Lawmakers are also pushing for stricter rules on party politics. For instance, party executives would be barred from holding elective offices at the same time, reducing conflicts of interest.

Other ideas on the table include establishing an Electoral Offences Commission, ensuring that all pre-election matters are resolved before officeholders are sworn in, creating a Local Government Elections Commission, and even reserving parliamentary seats for women and persons with disabilities.

The big question, of course, is whether all this can be done in time. Electoral reforms are notorious for dragging on in Nigeria, often getting caught in partisan crossfire or slowed by the cumbersome process of amending the constitution.

Read also: EU wants urgent electoral reforms ahead of 2027 elections

In Nigeria, the process for amending the Constitution is deliberately rigorous to ensure broad consensus. A constitutional amendment such as the ones seeking to reform elections must pass through several formal stages before it becomes law:

Even if the National Assembly passes the bill, it must be sent to the 36 state Houses of Assembly. To succeed, at least two-thirds of the state assemblies, this means 24 states must approve the amendment to ensure federal-state consensus.

Once the required number of state assemblies approve, the bill is returned to the National Assembly and then sent to the President for assent. The President must sign the bill into law before any electoral amendment can become law. But the electoral reforms are not even half way through this journey.