Citicore Renewable Energy Corp. (CREC) has received an issuer credit rating of PRS Aa Plus (corp.) with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings), driven by the company’s rapid expansion and earnings growth. An Issuer Credit Rating reflects an opinion on a company...
Renewable energy firm Alternergy Holdings Corp. is planning to raise ₱2 billion from a planned issuance of Fixed-Rate Corporate Notes, which have been given a very strong investment grade rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an...
Global digital payments firm Visa and USSC Money Services, Inc. (UMSI) have launched U Accept, a payment solution that turns smartphones into point-of-sale (POS) terminals, allowing small enterprises to accept e-payments without investing in traditional, often costly, POS hardware. “UMSI has...
DMCI Holdings Inc. posted a 26 percent increase in consolidated net income for the first half of the year to ₱11.4 billion compared with ₱9 billion in the same period last year, buoyed by record earnings from nickel mining and a sharp reduction in losses from its cement operations. The...
Razon-led global port giant International Container Terminal Services Inc. (ICTSI) sustained its growth momentum in the first half despite the backdrop of the Middle East conflict, with net income rising 22 percent to nearly $590 million. Based on its regulatory disclosure on Monday, Aug. 3,...
The SM Group’s leisure and gaming unit Belle Corp. posted a 22-percent increase in net income to ₱976.8 million in the first half of 2026 from ₱801 million in the same period last year, driven by a recovery in casino revenues and real estate sales. According to the firm’s financial...
Maynilad Water Services Inc. is entering the final stage of constructing 9.12 kilometers of primary distribution pipelines, a step toward bolstering water supply across its southern concession area. In a statement on Friday, July 31, Maynilad said the ₱5.8 billion project is designed to link the...
Port operator International Container Terminal Services Inc. (ICTSI) has secured a 25-year extension of its concession to operate the country’s largest and most advanced international container terminal. In a disclosure on Thursday, July 30, ICTSI said it signed a renewal agreement with the...
The Quezon City government has opened applications for the first batch of fellows under the Betty Go-Belmonte Research Grants Program to support evidence-based research that will help shape public policy and advance the city 's sustainable development. Mayor Joy Belmonte said the program...
Maynilad Water Services Inc. will join the Philippine Stock Exchange index (PSEi), taking the place of broadband operator Converge Information and Communications Technology Solutions Inc. in the main benchmark, following strong trading volume and market value growth after its initial public...
All 82 provinces in the Philippines now have Patient Transport Vehicles (PTVs) from the Philippine Charity Sweepstakes Office (PCSO) after the agency completed its nationwide distribution program on Friday, July 24. This was achieved following the turnover of the final batch of 34 PTV units during...
President Marcos has ordered the improvement of water services in order to ensure ample supply to Filipinos nationwide, Malacañang said. Improvements were being undertaken upon the orders of the President, particularly in addressing concerns over water supply and service delivery, Palace Press...
