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...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
Even without a new concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS), Maynilad Water Services Inc. already began preparing for its five-year plan under the next rate rebasing period. In a virtual briefing on Thursday, Maynilad President and Chief Executive Officer...
Negotiations between the Philippines government and Maynilad Water Services Inc. regarding the latter's new water concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS) have already started. This is more than two weeks since the Philippines government released the new CA...
Metropolitan Waterworks and Sewerage System (MWSS) has ordered Manila Water Company Inc. and Maynilad Water Services Inc. to suspend anew their respective service disconnection activities. In an advisory, MWSS Regulatory Office (RO)...
Metropolitan Waterworks and Sewerage System (MWSS) said the new concession agreement (CA) between the Philippine government and Manila Water Company, Inc will be beneficial to all — the government, the public, and the Ayala-led east zone concessionaire. Speaking for the first time since...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
The government has ordered Maynilad Water Services, Inc. and Manila Water Company, Inc. to suspend all service disconnection activities this week in Metro Manila and nearby areas. This is in light of the government declaration of an Enhanced Community Quarantine (ECQ) in the NCR Plus bubble,...
Manila Broadcasting Company has launched a short film competition to celebrate the extraordinary creative energy of Filipino filmmakers nationwide. The 2021 MBC Short Film Festival (MSFF) is now accepting entries for short feature, narrative documentary, and animation from filmmakers around the...
