Cebu Landmasters Inc., a property developer in the Visayas and Mindanao, is planning to raise up to P8 billion from the initial tranche of its new three-year Shelf Registration program amounting to P15.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned a very...
Former President Rodrigo Duterte (JOEY DALUMPINES / PRESIDENTIAL FILE PHOTO) A Social Weather Stations (SWS) survey conducted from April 19 to 29, 2022 has found that 78 percent of Filipinos were satisfied, 9 percent undecided, and 13 percent dissatisfied with the performance of former President...
The planned P10-billion maiden Peso Green Bond offering of AC Energy Corporation (ACEN) has been given the highest PRS Aaa issue credit rating with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The issue is intended to comply with the ASEAN Green Bonds Standards with...
Outgoing Vice President Leni Robredo is ending her six-year term with a bang after the Office of the Vice President (OVP) received an unqualified opinion, the highest audit rating given to a government agency, for the fourth straight year from the Commission on Audit (COA). Vice President Leni...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), has been assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the...
The Philippine Drug Enforcement Agency (PDEA) has garnered an unmodified opinion, the highest audit rating given by the Commission on Audit (COA) for the "fair presentation" of its financial reports and records. PDEA Director General Wilkins Villanueva (Photo courtesy of PDEA) PDEA Director General...
Robinsons Land Corporation, one of the country’s leading property developers, is planning to raise up to P15 billion from a bond issuance representing the initial tranche of its P30 billion shelf-registered bonds. RLC’s proposed bond issuance is worth P10 billion with an oversubscription option...
SMC Global Power Holdings Corporation is planning to raise up to P40 billion from the issuance of bonds consisting of a P30-billion float with an oversubscription of up to P10 billion. This is the initial tranche of the company’s new three-year Shelf Registration program amounting to P60 billion....
Megawide Construction Corporation’s proposed bond issue of up to P4 billion has been assigned an issue credit rating of PRS Aa with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said Megawide plans to issue bonds worth P3.0 billion, with an...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
Metro Pacific Investments Corporation (MPIC) recently made it to the top echelon of Asia Pacific firms in terms of Environmental, Social and Governance (ESG) Risk rating. “We are relentless in our pursuit to drive MPIC towards sustainable growth," MPIC Chairman, President and Chief Executive...
Malacañang expressed its gratitude to the public for its continued trust in President Duterte and assured them that the administration's "tapang at malasakit" (courage and concern) leadership would continue until the last day of his six-year term. Communications Secretary Martin Andanar thanks...
