MANILA (AFX-ASIA) – Manila Electric Co will miss its profitability commitments made to major creditors for the fourth straight year due to delays in winning approval for rate increases, BusinessWorld newspaper quoted Meralco treasurer Rafael Andrada as saying. Meralco creditor including the Asian Development Bank and the World Bank require the company to meet a…
PHILIPPINES: Meralco to miss profitability target commitments due to delay in rate rise
Posted on November 5, 2002 by EnergyAsia