Metropolitan Bank & Trust Company (Metrobank) has successfully listed P19.0 billion worth of its Peso-denominated fixed-rate bonds on the Philippine Dealing Exchange (PDEx). In a disclosure to the Philippine Stock Exchange, the bank said this is the seventh and last issuance out of its P100.0...
The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) is still clarifying with the government panel that revised concession agreements between MWSS and water concessionaires if the foreign currency differential adjustments (FCDA) can still be implemented for the third quarter...
Victorias Milling Company, Inc. announced that over 2,000 of its employees and service providers are scheduled to be vaccinated against COVID-19 in the coming months. VMC President Minnie Chua said they’ve already submitted the names of their employees who agreed to sign-up for vaccination,...
The recent signing by the government of renegotiated concession supply agreements with Manila Water Company and Maynilad Water Services Inc. in April and May, respectively, represent significant strides toward the attainment of water adequacy in their franchise areas in Metro Manila, Rizal and...
More than a month since the new concession agreement (CA) of Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company Inc. was finalized and released, the CA between the government agency and Maynilad Water Services Inc. is also finally out now. By signing the CA, Maynilad will...
The local stock market is seen to move sideways this week as the previous week’s trading shows that investors are not allowing the PSEi to drop too low while not having enough confidence to buy up share prices. “For trend watchers, the best case is for a sideways drift to appear in the next...
BETTER DAYS Senator Sonny Angara The Financial Times, together with Nikkei Asia and Statista recently came out with its ranking of high-growth companies in the Asia Pacific Region. To be included in the list, a company must meet the following criteria — generated revenue of at least $1 million...
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list. The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:...
Consumer lending company SB Finance Company Inc. (SBF) is tapping the P3 billion in fresh funds to be infused by its shareholders to reach the mass market and help reset economic growth in the new normal. SB Finance is a joint venture between Security Bank Corporation and Thailand’s Bank of...
Metropolitan Bank & Trust Company (Metrobank) has launched its P10 billion Peso-denominated SEC registration-exempt fixed-rate bond offering with the option to upsize. In a disclosure to the Philippine Stock Exchange, the bank said its bonds will have a tenor of five and a quarter (5.25) years...
The summer heat has pushed water demand in a lot of areas in the metropolis, causing the water level in the Bagbag reservoir – which is Maynilad Water Services Inc.’s biggest reservoir – to decline, which eventually led to rotational service interruptions. This prompted Metropolitan...
Metropolitan Waterworks and Sewerage System (MWSS) hopes that its new concession agreement with west zone concessionaire Maynilad Water Services Inc. will soon be released as this is “critical” in implementing projects for water security. In a statement, MWSS Chairman and Acting Administrator...
