In an interview during a commemorating event as a publicly listed company, CEO and President of GMA network (PSEGMA7) Atty. Felipe Gozon said that Manuel V. Pangilinan's talks of acquisition is in a "wait-and-see" mode. He further clarified that there was no set timeline if they are to pushthrough with the deal.
It has been several months ago since rumors of acquisition surfaced.
Philippine listed company Meralco (MER) confirms talks with a number of entities for a possible joint venture to expand their coal-fire power plant to ensure adequate power supply and ensure competitiveness. Among the companies they are in discussion with is Thailand's Electricity Generating Public Co. Ltd.