Aboitiz Power Corporation (AboitizPower) plans to raise up to ₱30 billion from a planned bond issuance, representing the initial tranche of its new three-year Shelf Registration program of up to ₱100.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
Petron Corporation has filed its registration statement with the Securities and Exchange Commission in line with its plan to raise ₱32 billion from the issuance of bonds. Philippine Rating Services Corporation (PhilRatings) said it has assigned Petron’s proposed bond issuance of ₱25 billion,...
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...
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....
Global port operator International Container Terminal Services Inc. (ICTSI) has acquired a 47 percent interest in a marine property in Rio de Janeiro, Brazil, to boost its terminal operations in the South American country. In a disclosure on Monday, April 21, the Razon-led ICSTI announced...
The Lugtu family’s Asialink Finance Corp. has been given an issuer credit rating of PRS A plus (corp.) with a stable outlook by Philippine Rating Services Corp. (PhilRatings). PhilRatings noted that Asialink, reportedly one of the fastest-growing financing companies in the Philippines with 192...
Multiple violations greeted Senator Raffy Tulfo during his inspection of the motor pool of several bus companies in Metro Manila. (Photo from the Office of Senator Raffy Tulfo) After visiting bus companies, Tulfo, who chairs the Committee on Public Services, conducted a random surprise inspection...
Signing ceremony at the SBMA Corporate Boardroom on March 20, 2025. From left to right: Olongapo City Mayor Rolen Paulino Jr., SBMA Chairman and Administrator Eduardo Jose L. Aliño, Subicwater Chairman Apollo C. Tiglao, and Subicwater CEO Benjamin E. Antonio III Subic Water and...
Senator Raffy Tulfo conducted an ocular inspection at Mactan Cebu International Airport (MCIA) following an alleged “tanim-bala” incident at the busy gateway on March 27. Tulfo, who chairs the Senate Committee on Public Services Chairperson personally spoke with Mactan-Cebu International...
The brown taipan, Manuel B. Villar Jr., who recently disclosed that one of his real estate companies earned ₱1 trillion, is back as the Philippines’ richest man, after being briefly replaced by port and gaming magnate Enrique K. Razon Jr., as ranked by Forbes Magazine. There are 15 Filipinos in...
A consumer advocacy group urged lawmakers to eliminate lease requirements for broadband connectivity equipment, which it described as a major barrier to universal internet access. With the internet now becoming indispensable as electricity and water, CitizenWatch Philippines co-convenor Tim...
Mayor Francis Zamora, together with city government officials, break ground for the soon-to-be-built Makabagong San Juan Sports Center. Officials of the San Juan City local government on Friday, March 21, broke ground for two of its latest infrastructure projects - a sports facility and...
