Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
Consumers in Catanduanes will be forced to sweat through longer hours of rotational brownouts due to the ₱538 million worth of unpaid obligations of state-run National Power Corporation (NPC) to power supplier Sunwest Water and Electric Co. Inc. (SUWECO). SUWECO, which operates at least five...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
Aboitiz InfraCapital (AIC), the infrastructure unit of the Aboitiz Group, is aiming to deliver long-term water security in Iloilo City after bagging the original proponent status (OTS) for its proposal to construct and operate the city’s bulk water facility. AIC said the OPS to develop the Iloilo...
Water concessionaire Manila Water announced scheduled water service interruptions in Quezon City from May 20 to 23 due to ongoing network maintenance activities. The areas to be affected by water interruptions are the following: May 20 (10:00 p.m.) to May 21 (4:00 a.m.) Culiat Tandang Sora UP...
Razon-led Manila Water Co. reported that its net income posted a 14 percent increase in the first quarter of 2025. In a disclosure to the Philippine Stock Exchange this Friday, May 9, the private water utility firm’s net income reached ₱3.5 billion in the first three months of 2025, up from...
Malacañang has welcomed the $10 million grant from a multilateral agency to help climate-vulnerable towns in Tawi-Tawi secure safe and reliable water access amid growing climate challenges. Communications Undersecretary Claire Castro (RTVM Screenshot) The project dubbed “Harnessing the...
BACOLOD CITY – Around 5,000 households here are expected to benefit from an improved water supply from the recent activation of the Matab-ang Water Treatment Plant in Barangay Granada in this city. PrimeWater, in partnership with Bacolod City Water District (Baciwa), announced on Wednesday, May...
Power and water utilities propelled a 17 percent growth in Metro Pacific Investments Corporation’s first quarter core net income to ₱6.6 billion in 2025 from ₱5.6 billion in 2024. The firm said that, “Improved financial and operational performance across MPIC’s portfolio led to a...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has announced that its new water facility, poised to boost water service in Pasay City, is nearing completion. In a statement released today, Friday, April 25, Maynilad said that its ₱700 million new water treatment plant (WTP) is...
Razon-led Manila Water Co. has announced the activation of two of its non-east zone units under the retail aggregation program (RAP). In a statement on Thursday, April 24, MWC said that its Laguna Water and Laguna Aquatech (LARC) have transitioned to RAP. This program, established by the Energy...
Maynilad Water Services Inc., which is planning a ₱49-billion initial public offering (IPO), is estimated to be worth at least ₱94.29 billion and as much as ₱175.98 billion—translating to a share price of ₱12.70 to ₱23.70 per share. In a company primer, Unicapital Securities Inc....
