Business group backs Meralco franchise renewal

Manila Electric Co.'s bid for an early renewal of its franchise has received support from the Management Association of the Philippines , which said that a fresh 25-year license would be 'crucial' for the well-being of businesses and Filipinos.

'Meralco's impact goes beyond its own service area,' they also said, noting that the firm supports other utilities, particularly during natural disasters, and also actively collaborates with the government via its role in infrastructure programs and public-private partnerships.The distributor, the country's largest, still has fours years left before its current franchise expires in 2028. It is moving to secure a new one, however, in a bid to prevent potential delays.

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