Maynilad Water Services, Inc. (Maynilad) has invested P410 million for the installation of more pressure-regulating valves (PRV), which is part of the West Zone concessionaire’s plan to reduce non-revenue water losses. In a statement, Maynilad said it recently installed more PRVs in select points...
Throughout the pandemic, we have witnessed a rise in bicycle usage—be it for leisure time or for practical purposes. Although, more often than not, the ones who really needed a bike are those who don’t have the capacity or privilege to acquire one. BeSeekLeta for Every Juan As a solution,...
The Capital Markets Integrity Corporation (CMIC), the independent audit, surveillance, compliance and enforcement unit of The Philippine Stock Exchange, Inc., denied allegations that it had been remiss in its previous audits of Venture Securities Inc. In a statement released to media, Venture cited...
The Securities and Exchange Commission (SEC) has upheld the findings of the Philippine Stock Exchange’s independent audit, surveillance and compliance arm against Venture Securities, Inc. (VSI) for violation of multiple trading rules. The PSE’s Capital Markets Integrity Corporation said these...
Stock broker Eusebio H. Tanco has formally declined his nomination as director of the Philippine Stock Exchange (PSE) for the Board elections on July 1 after his brokerage Venture Securities Inc. has been penalized by regulators in relation to illegal transfers of shares worth P700 million. In a...
San Miguel Brewery Inc. continues to enjoy a triple-A rating, for its P9.54 billion outstanding bonds, from Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has maintained its highest issue credit rating of PRS Aaa, with a Stable Outlook, for SMB’s bonds with the...
Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew Tan, banked on its overseas operations and diversification efforts to ride out the effects of the pandemic. Alliance Global Group Inc. During the firm’s annual stockholders’ meeting, AGI Chairman Andrew Tan said the company...
PAL Holdings Inc. (PHI) Thursday, (June 17) reported a net comprehensive loss of P73 billion on total revenues of P55.3 billion and total expenses of P81.8 billion for the 2020 calendar year. PAL Holdings managed to reduce its expenses by 46 percent versus 2019. However, this was offset by a 64...
Megaworld Corporation, the country’s largest developer and lessor of office spaces, is jumping on the REIT (real estate investment trust) bandwagon with the planned P27.3 billion initial public offering of subsidiary MREIT Inc. 12895 In a disclosure to the Philippine Stock Exchange, Megaworld...
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, has filed with the Securities and Exchange Commission its registration statement for a planned maiden bond offering of up to P5 billion. In a disclosure to the Philippine Stock Exchange, the...
The Metropolitan Waterwork and Sewerage System and its two concessionaires, Maynilad Water Services, Inc. and Manila Water Company, Inc., have released a development fund for indigenous people (IPs) and local farmers in Bulacan. The development fund, which is close to P37million, was meant for...
The Securities and Exchange Commission (SEC) has also revoked the license of R&L Investments, Inc., as well as disqualified its key officers and the owner of the account used to siphon off P700 million worth of client shares from the stock brokerage. In addition, the SEC special hearing panel...
