Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, has set the interest rate for its planned P10 billion issuance of long-term peso retail bonds at 7.77 percent per annum. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
West Zone concessionaire Maynilad Water Services Inc., a partnership between Metro Pacific Investments Corporation (MPIC), DMCI Holdings and Marubeni Corporation, is already talking to several banks in preparation for its planned $1 billion initial public offering (IPO). In an interview at the...
Sen. Grace Poe called for the passage of the bill to legalize and regulate motorcycles-for-hire as a safe mode of transportation. "The motorcycle-for-hire bill has been through the long and winding road to passage. Our tank is full," Poe said during the hearing of the Senate Committee on Public...
Despite construction delays, West Zone concessionaire Maynilad Water Services, Inc. announced that its Las Piñas Water Reclamation Facility (WRF) is now progressing steadily and is expected to be completed by mid-2026. In a statement on Monday, Jan. 13, Maynilad reported that the P4.84 billion...
VisMin developer Cebu Landmasters Inc. is planning to raise up to P5 billion from the planned issuance of Sustainability-Linked Bonds which will be the second tranche of its three-year Shelf Registration program amounting to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it...
Razon-led International Container Terminal Services Inc. (ICTSI) is planning to invest $100 million to upgrade the Mindanao Container Terminal (MCT) after securing a 25-year extension to operate the port. In a disclosure on Friday, Dec. 20, ICTSI said that the funds will be used to enhance the...
Filinvest Land Inc. (FLI), the listed property unit of the Gotianun Group, has secured the highest PRS Aaa Issue Credit Rating from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P12 billion. In a statement, PhilRatings said FLI is planning to issue...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
Maynilad Water Services Inc., the water concessionaire for Metro Manila's West Zone, is investing P30 billion in a new water treatment plant and pipeline projects in Rizal province. In an interview, Maynilad Chief Operating Officer Randolph Estrellado said P10 billion will be allocated for the...
Senator Raffy Tulfo is set to file a resolution to thoroughly investigate the purported price surge and other commuter complaints against Transportation Network Vehicle Services (TNVS), especially Grab Philippines, especially during this holiday season. Tulfo, who chairs the Senate Committee on...
I recently got a driver’s license. It is really a unique experience, especially since it has become quite easy to own personal vehicles nowadays, whether these be of the two- or four-wheel type. But, perhaps, what got my attention is not the process of getting a license as much as the location...
West Zone concessionaire Maynilad Water Services, Inc. is nearing completion of its CAMANA (Caloocan-Malabon-Navotas) Water Reclamation Facility, which will improve services in South Caloocan, Malabon, and Navotas. In a statement on Tuesday, Dec. 3, Maynilad announced that the P10.5 billion...
