The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) is still clarifying with the government panel that revised concession agreements between MWSS and water concessionaires if the foreign currency differential adjustments (FCDA) can still be implemented for the third quarter...
West Zone concessionaire Maynilad Water Services, Inc. had set up a P100-million solar power farm inside its La Mesa Compound in Quezon City, a move that the company considers its first step toward green energy. The 1-megawatt PV (photovoltaic) solar power farm was built to augment the power supply...
Aboitiz Equity Ventures Inc. has firmed up its plan to raise up to P10 billion through the issuance of bonds which have been given the highest triple-A rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an Issue Credit Rating of PRS Aaa, with a Stable...
The Ascent Air Mobility platform chose INAEC Aviation Corporation (INAEC), a Filipino air charter operator, to perform air medical evacuation (medevac) services for The Medical City. Ascent is an air mobility, on-demand, tech-powered service for booking helicopters and planes in the region. INAEC,...
The recent signing by the government of renegotiated concession supply agreements with Manila Water Company and Maynilad Water Services Inc. in April and May, respectively, represent significant strides toward the attainment of water adequacy in their franchise areas in Metro Manila, Rizal and...
More than a month since the new concession agreement (CA) of Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company Inc. was finalized and released, the CA between the government agency and Maynilad Water Services Inc. is also finally out now. By signing the CA, Maynilad will...
DMCI Holdings Inc., the diversified conglomerate controlled by the Consunjis, expects a strong recovery this year due although a return to its pre-pandemic performance is not seen until 2023. “We believe that our Company can stage a recovery this year on the back of higher construction...
Maynilad Water Services, Inc. (Maynilad), the government water concessionaire for the West Zone, said it will cost them P29 billion to build several sewage treatment plants (STP) across the metropolis. In a statement, Maynilad said that it is now simultaneously building several STPs in Caloocan,...
International Container Terminal Services Inc. and Alliance Global Group Inc. denied that there is any dispute between the two groups over the planned construction of a mega vaccination center on land owned by Nayong Pilipino at the Entertainment City. Allegations against the project...
Bank of Commerce (BankCom), the banking affiliate of San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the highest rated corporates only to...
Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
The Bureau of Customs (BOC) is now transitioning into an "enhanced" customer assistance system through the help of a third-party service provider. Enhanced customer service -- The Bureau of Customs (BOC) transitions into a new and 'enhanced' customer assistance system through the help of a...
