Meralco acquires Densan’s P241-mstake in CIS Bayad

Philippines News News

Meralco acquires Densan’s P241-mstake in CIS Bayad
Philippines Latest News,Philippines Headlines
  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 55%

Power retailer Manila Electric Co. said Monday it completed the acquisition of 28,053 common shares of CIS Bayad Center Inc. (CBCI) from Japan’s Densan

Power retailer Manila Electric Co. said Monday it completed the acquisition of 28,053 common shares of CIS Bayad Center Inc. from Japan’s Densan System Co. Ltd. Monday for P241.5 million.

Bayad has more than 20 solid years in the outsourced payment collection industry. It is the top-of-mind, leading brand when it comes to bills payment.Meralco said early this year it was not earning from convenience fees from online payment, but only processes it for its payment partners.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Group asks ERC to finalize Meralco’s tariffGroup asks ERC to finalize Meralco’s tariffInfrawatch PH called on the Energy Regulatory Commission (ERC) to resolve the long overdue tariff review of Manila Electric Co. as its customers are being
Read more »

Higher generation charge triggers hike in Meralco’s November power ratesHigher generation charge triggers hike in Meralco’s November power ratesFor residential customers consuming 200 kWh, the adjustment is equivalent to an increase of around P85 in their total electricity bill this month
Read more »

Meralco rates up in NovemberMeralco rates up in NovemberLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »

Higher generation charge triggers hike in Meralco’s November power ratesHigher generation charge triggers hike in Meralco’s November power ratesFor residential customers consuming 200 kWh, the adjustment is equivalent to an increase of around P85 in their total electricity bill this month
Read more »

Meralco, SMB seek crucial home wins in EASLMeralco, SMB seek crucial home wins in EASLMeralco and San Miguel Beer will be defending the home court as both PBA squads take on separate tough opponents in the East Asia Super League Season 2 home-and-away tournament on Wednesday at the PhilSports Arena in Pasig City.
Read more »

Meralco: Power rates to increase this monthMeralco: Power rates to increase this monthConsumers of Manila Electric Co. can expect higher electricity bills of P0.4274 per kilowatt hour this month due to higher generation charges arising from
Read more »



Render Time: 2025-02-14 17:44:49