West zone concessionaire Maynilad Water Services, Inc. invested nearly ₱26 billion in capital expenditure (capex) last year to improve water and wastewater services in its service area. In a statement on Tuesday, March 11, Maynilad reported spending ₱25.75 billion on capex projects...
Filipinos receiving and sending money from overseas lost an estimated total of ₱8.37 billion in 2023 to "hidden" fees charged by banks and money remittance centers on foreign currencies, according to findings from transparency research commissioned by global fintech firm Wise. Kristo Käärmann,...
ICTSI's global operations continue to drive record-breaking growth, with net income surging 66 percent in 2024 Global port operator International Container Terminal Services Inc. (ICTSI) tallied an impressive growth momentum in 2024, growing its net income by 66 percent despite geopolitical...
Robinsons Land Corporation (RLC) retained the highest PRS Aaa rating, with a Stable Outlook, from Philippine Ratings Services Corporation (PhilRatings) for its outstanding bonds amounting to ₱30.4 billion. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The...
The Department of Trade and Industry (DTI) will lead the Philippines’ business mission in the United States (US) to help solidify the country’s position as a quality provider of healthcare information management services, expanding the sector’s reach into new markets. In a statement, the DTI...
2GO Special Containers and Value-Added Services Inc. (SCVASI), a subsidiary of transportation and logistics firm 2GO Group Inc., has launched a standalone custom brokerage service aimed at enhancing logistics efficiency and reliability. In a statement on Monday, Feb. 24, 2GO SCVASI described the...
The Securities and Exchange Commission (SEC) has approved the planned offering by Filinvest Land Inc. of peso denominated fixed rate bonds worth up to ₱12 billion. The offering, a ₱9 billion base and a ₱3 billion over-subscription option of up to ₱3 billion, consists of five-year bonds due...
Mayor Abby Binay (Photo by Mark Balmores) Makati City Mayor and senatorial aspirant Abby Binay on Thursday, Feb. 13, called on the Philippine Health Insurance Corp. (PhilHealth) to shoulder the cost of medical tests and other preventive healthcare measures, including regular checkups of Filipinos,...
Tanco-led STI Education Services Group, Inc. (STI ESG) is investing ₱950 million for the construction of a new state-of-the-art campus in Alabang designed to meet the evolving needs of students in the 21st century. In a disclosure to the Philippine Stock Exchange, the firm said it has broken...
The National Grid Corporation of the Philippines (NGCP) announced that transmission rates in consumers’ electricity bills increased due to high ancillary service (AS) charges in February. In a briefing on Wednesday, Feb. 12, Julius Datingaling, head of the revenue management department, said...
Saavedra-led Citicore Energy REIT Corporation (CREIT), the country’s first renewable energy (RE) real estate investment trust, has been assigned a strong Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook by Philippine Rating Services Corporation. An Issuer Credit Rating is an...
After its ₱5 billion bond offering period, San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) was assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). An Issuer Credit Rating is an opinion on the...
