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...
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...
