West Zone concessionaire Maynilad Water Services Inc. successfully debuted on the Philippine Stock Exchange after its ₱34.33 billion initial public offering (IPO) was heavily favored by investors, ending 2.7 times oversubscribed. In a briefing before the listing, Maynilad Chief Finance Officer...
The Independent Commission on Infrastructure (ICI) will start to livestream its hearings beginning next week, ICI chairperson Andres Reyes Jr. said on Wednesday, October 22. Reyes disclosed this during the Senate Committee on Justice and Human Rights’ hearing, chaired by Sen. Francis “Kiko”...
Not a few raised their eyebrows on the selection of teenager AJ Manas to the star-studded Team Asia side ahead of its title defense against the equally talented Team Rest of the World (ROW). “Hayaan ko na lang sila, basta ako gagawin ko na lang ‘yong best para ma-prove na karapatdapat ako...
The local stock market will look for positive cues from early corporate earnings reporters this week, typically starting with banks, even as sentiment remains dampened by a public works corruption scandal. “Rate cuts alone won’t reignite growth. Without stronger governance, swift resolution of...
AJ Manas proved everyone why he deserved a spot with Team Asia after he stunned world No. 1 Fedor Gorst of the US in the 2025 Reyes Cup on Friday, Oct. 17, at the Ninoy Aquino Stadium in Manila. Making sure he gets the applause from non-playing team captain Francisco "Django" Bustamante, Manas...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
The three-member Independent Commission for Infrastructure (ICI) has buckled down to work to investigate irregularities in government infrastructure projects, prioritizing flood control, ICI special adviser and Baguio City Mayor Benjamin Magalong said on Tuesday, Sept. 16. Magalong said the panel,...
Senate President Pro Tempore Panfilo “Ping” Lacson on Monday, September 15 expressed hope that the Independent Commission for Infrastructure (ICI) established by President Marcos will bring justice to a nation that is “drowning” as a result of corruption. Lacson also said he has high hopes...
The Philippine archipelago, blessed with rich marine biodiversity and home to some of the world’s most stunning beaches, faces an ironic reality: Despite being surrounded by seawater and the passing of the Salt Industry Development Law, the country still imports 93 percent of its salt supply. Few...
President Marcos has named retired Supreme Court Associate Justice Andres Reyes Jr. as chair of the newly created Independent Commission for Infrastructure (ICI), which will probe corruption and irregularities in flood control and related government projects. In a press conference in Malacañan on...
DAVAO CITY – The Island Garden City of Samal is now formulating plans to prepare its transport system in time for the completion of the highly-anticipated Samal Island-Davao City Connector Bridge (SIDC). Island Garden City of Samal Mayor Lemuel “Toto” Reyes recently convened key agencies and...
