Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
The United States Embassy in Manila announced that its social media platforms will not be updated with the federal government’s partial shutdown, although it assured that the passport and visa services will continue. This announcement was made in a recent post on X (formerly Twitter) by the...
Despite the currently adverse market conditions, Maynilad Water Services Inc. is looking forward to a successful initial public offering (IPO) as it has already secured the commitment of cornerstone investors, although at a lower ceiling price. “The market is bad, but we are putting in a very...
Maynilad Water Services Inc. has been granted the first Philippine Green Equity label by the Securities and Exchange Commission (SEC) based on the new guidelines the regulator issued to further promote sustainable finance. The grant makes Maynilad’s planned initial public offering (IPO) more...
Visayas and Mindanao (VisMin) property developer Cebu Landmasters Inc. (CLI) is planning to raise up to ₱5 billion from the issuance of sustainability-linked bonds as the third and final tranche of its three-year shelf registration program of up to ₱15 billion. Philippine Ratings Services...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
West Zone concessionaire Maynilad Water Services, Inc. has officially commissioned its Cupang Water Reclamation Facility (WRF) in Muntinlupa City, which is now treating wastewater from Barangays Alabang, Cupang, and Bayanan. Located in Brgy. Cupang, the facility has a treatment capacity of 46...
The decision by Maynilad Water Services Inc. to again postpone its ₱45.8 billion initial public offering schedule could be an indication of weaker demand amid adverse market conditions. “The delay once again could be an indication of a weaker-than-expected demand for the offering, which may...
Launched in April 2024, Philinspect Property Inspection Services became the country’s first third-party property inspection company. Certified by the International Association of Certified Home Inspectors (InterNACHI), Philinspect conducts independent and unbiased technical inspections aimed at...
Metro Pacific Tollways Corp. (MPTC) plans to raise up to ₱20 billion through a planned bond issuance, while continuing to explore options to reduce debt, as market conditions are still not favorable for an initial public offering. Philippine Rating Services Corp. (PhilRatings) said MPTC is...
Compliance is high among foreign digital giants, as the Bureau of Internal Revenue (BIR) reported strong initial collections from the value-added tax (VAT) on digital services. Total tax haul from the imposition of the 12-percent consumption levy on digital services in June has reached ₱2.8...
MALASIQUI, Pangasinan – The head of the Provincial Hospital Management Services Office (PHMSO) in Pangasinan has ordered increased security and restricted access measures within the premises of 14 provincial government-run hospitals. PHMSO head Dr. Tracy Lou Bitoy, in a memorandum issued on...
