Maynilad Water Services Inc. activated its newest wastewater facility in Southern Metro Manila, the Tunasan Water Reclamation Facility (WRF) in Muntinlupa City, as the concessionaire expands its services. The Tunasan WRF is the company’s 25th wastewater treatment project, capable of treating up...
Philippine Rating Services Corp. (PhilRatings) has upgraded the issue credit rating of STI Education Services Group Inc.’s (STI ESG) outstanding bonds amounting to ₱820 million to PRS Aa, with a stable outlook, from the previous rating of PRS A plus, with a positive outlook. Obligations rated...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
Newly listed West Zone water concessionaire Maynilad Water Services Inc. said that its net income grew by double-digits in the third quarter on the back of higher revenues and improved cash operating expenses (OPEX). In a statement on Thursday, Nov. 13, the company said its core net income for the...
Consular services of the Department of Foreign Affairs (DFA) in select areas were halted on Monday, Nov. 10, due to the onslaught of Super Typhoon Uwan. The United States Embassy in Manila also announced that all visa appointments and consular operations in Cebu on the same day had been canceled...
West Zone concessionaire Maynilad Water Services Inc. successfully debuted on the Philippine Stock Exchange after its ₱34.33 billion initial public offering (IPO) was heavily favored by investors, ending 2.7 times oversubscribed. In a briefing before the listing, Maynilad Chief Finance Officer...
The Department of the Interior and Local Government (DILG) and the Philippine Health Insurance Corporation (PhilHealth) gave due recognition to the Manila city government for its noteworthy programs and initiatives in social welfare, child protection, women’s safety, and universal health care....
It’s all systems go for the initial public offering (IPO) of Maynilad Water Services Inc., which is tagged to be the biggest stock offering in the last four years. Amidst the continuing political drama surrounding the floodgate mess, there is no stopping Maynilad’s IPO, especially with...
Port operator International Container Terminal Services, Inc. (ICTSI) reported a 19 percent improvement in attributable net income to $751.56 million in the first nine months of the year from the $632.58 million earned in the same period of 2024 as global trade continues to grow despite US tariff...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
The Securities and Exchange Commission (SEC) has approved the planned fixed-rate retail bond offering of SM Prime Holdings, Inc., worth up to ₱17 billion under the company’s ₱100 billion shelf registered bonds. In a disclosure to the Philippine Stock Exchange, SM Prime said it has received...
