Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
Companies controlled by billionaire Enrique K. Razon Jr. have deployed emergency relief operations in Mindanao following the devastating magnitude 7.8 earthquake. Manila Water Co., International Container Terminal Services Inc. (ICTSI), and power distributor Primelectric Holdings Inc. spearheaded...
Maynilad Water Services Inc. will lower water tariffs for the third quarter starting July 1 on the back of stronger peso that has reduced the cost of servicing the utility’s foreign debt. The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) approved a rate rollback of...
Sy-led SM Prime Holdings Inc. (SM Prime), a leading integrated property developer in Asia, has decided to defer its planned bond offering worth up to ₱18 billion until further notice due to adverse market conditions. The firm informed the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
Filinvest Land Inc. (FLI), one of the Gotianun Group’s property development arms, has successfully raised ₱9 billion through its latest retail bond issuance, which was three times oversubscribed. The firm said in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
West Zone concessionaire Maynilad Water Services Inc. expects to commission its new pumping station and reservoir in Valenzuela City by the third quarter of 2026, part of an ongoing effort to improve water storage and pressure across northern Metro Manila. In a statement, Maynilad said the company...
Maynilad Water Services, Inc. has retained its top rating of PRS Aaa, with a Stable Outlook, from the Philippine Rating Services Corp. (PhilRatings) for its outstanding blue bonds amounting to ₱15 billion. Obligations rated PRS Aaa are considered of the highest quality with minimal credit risk,...
Around 3,000 Muslim faithful gathered at the Quezon Memorial Circle in Quezon City on Wednesday morning, May 27, to observe Eid’l Adha through congregational prayers and thanksgiving rites at Liwasang Aurora. Worshippers began arriving as early as 4:30 a.m., with the Eid prayer and khutbah...
West zone concessionaire Maynilad Water Services Inc. has begun partially operating its new raw water reservoir at La Mesa water treatment plant (WTP) in Quezon City, allowing the facility to store up to 67 million liters of raw water to help stabilize supply during the dry season. In a statement...
First Lady Liza Araneta-Marcos emphasized the importance of providing accessible healthcare to Filipino soldiers and their families, highlighting the deployment of 11 mobile laboratory vans for the Philippine Army. In a Facebook post on Saturday, May 23, the First Lady recognized the sacrifices...
The Quezon City government announced that the southbound inner lane of Mindanao Avenue Extension will be closed from 10:00 p.m. to 5:00 a.m. starting Friday, May 22, to facilitate water service connection works for the Metro Manila Subway Project. The Quezon City Traffic and Transport Management...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
