Story thread · 2 reports / 2 sources

Manila Electric Loses $2 Billion Value as Reform Plan Weighs

financialpost.com · 12dShare

Manila Electric Co. shares extended their decline to a fourth day, erasing about 127 billion pesos ($2 billion) in market capitalization amid growing concern that a proposal to eliminate a power charge for consumers could hurt the utility’s earnings.

First report: Manila Electric Loses $2 Billion Value as Reform Plan Weighs — bloomberg.com, 12d