MANILA (AFX-ASIA) – Manila Electric Co’s refund to customers and upcoming debt maturities may cause a cash flow problem for the company beginning this year up to 2005, ING Financial Markets said. Meralco, currently implementing a 30.50 billion pesos refund to consumers as ordered by the Supreme Court, also needs to repay 76% of its…
PHILIPPINES: Meralco seen facing cash flow problem in 2003-05 ÐING
Posted on August 22, 2003 by EnergyAsia