NLEX Corporation, a subsidiary of Metro Pacific Tollways Corporation, has retained its highest Issue Credit Rating of PRS Aaa with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding fixed-rate bonds worth P6.0 billion. Obligations rated PRS Aaa are of...
A Senate panel on Monday, November 25, endorsed bills pushing for the renewal of Meralco’s franchise. Sen. Raffy T. Tulfo scrutinizes the Manila Electric Company (Meralco) franchise performance in providing electricity to 25 percent of the Philippine population living in 39 cities and 72...
Maynilad Water Services, Inc. (Maynilad) is preparing to test its new P1.6-billion water reclamation facility (WRF) and sewer conveyance system in Barangay Cupang, Muntinlupa City, with the goal of full operation by year-end. In a statement, Maynilad said the Cupang Water Reclamation Facility has a...
Tanco-led STI Education Services Group Inc. (STI ESG) has retained the Issue Credit Rating of PRS A plus from Philippine Rating Services Corporation (PhilRatings) for its outstanding bond issuance of P820 million. PhilRatings said this is based on its on-going and initial review of the account...
Philippine Rating Services Corporation (PhilRatings) has maintained its rating of PRS Aa minus for Tranche 3 of MRT Funding Corporation’s Asset-Backed Notes, with a stable outlook. The Asset-Backed Notes issue is a securitization of future dividends from Metro Rail Transit Corporation...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Senator Raffy Tulfo confirmed on Wednesday, Nov. 6, that a senator's relative was the passenger of the sports utility vehicle (SUV) bearing plate number “7” that was caught using the EDSA busway and tried to run over a Department of Transportation (DOTr) enforcer. In a press conference, Tulfo,...
Razon-led International Container Terminal Services, Inc. (ICTSI) reported a 31 percent increase in attributable net income in the first nine months of 2024 to $632.6 million from $484.5 million in the same period last year on the back of higher operating income. In a regulatory filing on Tuesday,...
In an effort to expand its sewerage services in Parañaque City, Metro Manila West Zone concessionaire Maynilad Water Services Inc. is laying a new sewerage line that would benefit over 35,000 residents in the area. In a statement, Maynilad said it has invested P695 million to lay the sewage pipes...
As part of its ongoing commitment to sustainability, ACEN, through ACEN Shared Services (ACES), has taken a significant step toward responsible electronic waste (e-waste) management by turning over its e-waste to Integrated Waste Management (IWM), a subsidiary of AC Logistics. A first in the Ayala...
