State-run Government Service Insurance System (GSIS), along with the Philippine National Bank (PNB) partnered with P.A. Alvarez Properties and Development Corporation (PA Properties) to help address the national housing backlog. In a statement, GSIS said the pension fund, the national bank, and the...
Sen. Grace Poe called on water concessionaires to ensure continuous service and aim for zero interruptions for their customers as water shortage together with the intense heat could lead to an outbreak of diseases. "The heat is on, water is on high demand, and without it, our health is at risk,"...
Senator Grace Poe said on Thursday, March 21, that the measure seeking the franchise revocation of controversial network Sonshine Media Network International (SMNI) will be made the subject of utmost study and scrutiny in the Senate. Poe, chairperson of the Senate Committee on Public Services, said...
The Lopez Group’s Energy Development Corporation (EDC) is planning to raise up to P10 billion from a planned ASEAN Green Bond issuance to fund its expansion plans. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS Aaa, with a Stable...
A group of homeowners and consumers on Monday, March 18 has urged the Senate to approve the granting of a congressional franchise to Negros Electric and Power Corp. (NEPC), reiterating their support for the privatization of electric power distribution. The group, composed of community...
Maynilad Water Services, Inc., a subsidiary of Metro Pacific Investments Corporation (MPIC), in partnership with DMCI Holdings and Marubeni Corporation, is planning to issue bonds worth up to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue...
The anticipation peaks as the grand opening of Worldbex 2024 commenced with a flourish of excitement and anticipation. Distinguished guests and industry leaders from around the world gathered to witness the unveiling of the premier event in the building and design industries. Amid the buzzing...
The Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise up to P25 billion from the first tranche of its P100 billion bonds to be shelf-registered with the Securities and Exchange Commission. In a disclosure to the...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
Amid the power outages in Negros Occidental, the Central Negros Electric Cooperative’s problems (CENECO) can be addressed once the new power corporation takes over. Sen. Grace Poe presides over the Committee on Public Services hearing to discuss several measures seeking to provide accessible,...
Metropolitan Waterworks and Sewerage System (MWSS) concessionaires said they are taking necessary preparations in anticipation of potential water supply reductions sourced from Angat Dam due to El Niño, The National Water Resources Board (NWRB) recently planned on deducting the water allocation...
STI Education Systems Holdings Inc. is acquiring Philippine School of Business Administration (PSBA) in Manila and Quezon cities for a yet undisclosed amount. In a disclosure to the Philippine Stock Exchange (PSE), STI aid its board of directors has ratified the execution of a Term Sheet with...
