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...
Metropolitan Waterworks and Sewerage System (MWSS) is confident that it will meet its five-year target for its massive replanting program within some of the region’s most crucial watersheds. In a statement, stakeholders of the Annual Million Trees Challenge (AMTC) stressed their commitment to...
Coldplay has premiered a “jaw-dropping, intergalactic” music video for the latest single! The UK rock band released the Dave Meyers-directed music video, Wednesday (Manila time) for their most recent single titled “Higher Power.” Meyers’ credits include Taylor Swift and Billie...
Metropolitan Waterworks and Sewerage System (MWSS) welcomed port magnate Enrique Razon as he takes over Manila Water Company, Inc. as the company's new president and chief executive officer. Enrique K. Razon Jr. In a statement, MWSS Chairman and Acting Administrator Reynaldo Velasco said the...
The Ayala Group has formally ceded control over Manila Water Company to Enrique K. Razon Jr. following an agreement wherein the tycoon bought a 24.96 percent stake but was given voting power for 51 percent of the utility. Enrique K. Razon Jr. In a disclosure, Manila Water advised the Philippine...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
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...
