Visayas Container Terminal (VCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Iloilo, reported that it has welcomed the first gearless vessel to call in the Western Visayas Region. Operated by Regional Container Lines (RCL), the MV Otana Bhum made its...
Cebu Landmasters Inc. is raising P10 billion from the capital market this year through the issuance of sustainability-linked bonds in two tranches to fund its entry to the Luzon market as well as capital expenditures for its ongoing projects in Visayas and Mindanao. In a media interview, CLI...
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). In a statement, ICTSI said these investments...
West Zone concessionaire Maynilad Water Services Inc., a partnership between Metro Pacific Investments Corporation, DMCI Holdings and Marubeni Corporation, expects its business to further improve this year. In an interview, Maynilad President Ramoncito Fernandez said “this should be a better...
Senator Grace Poe said the absence of a law should not result in the loss of jobs of over 60,000 motorcycle riders in the country, since the Land Transportation Franchising and Regulatory Board (LTFRB) has the authority to allow their continued operation. Poe stressed this in a statement on...
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...
