Phinma Corporation is planning a bond issuance of P2 billion, with an oversubscription option of up to P1 billion, to raise a maximum of P3 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook for the bonds....
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Diversified conglomerate San Miguel Corporation’s planned offering of up to P30 billion in fixed-rate peso-denominated bonds has been given the highest issue credit rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). SMC is planning a bond issuance of P20 billion, with...
Indoor dine-in restaurants and personal services are allowed to reopen at limited capacities in areas under modified enhanced community quarantine (MECQ) starting today, May 1. Memorandum Circular No. 21-15 series of 2021 on Additional Business Establishments, Persons or Activities Allowed to...
The summer heat has pushed water demand in a lot of areas in the metropolis, causing the water level in the Bagbag reservoir – which is Maynilad Water Services Inc.’s biggest reservoir – to decline, which eventually led to rotational service interruptions. This prompted Metropolitan...
Metropolitan Waterworks and Sewerage System (MWSS) hopes that its new concession agreement with west zone concessionaire Maynilad Water Services Inc. will soon be released as this is “critical” in implementing projects for water security. In a statement, MWSS Chairman and Acting Administrator...
Metropolitan Waterworks and Sewerage System (MWSS) said watershed is the “lifeline” of the country’s water supply system, but the Department of Environment and Natural Resources (DENR) admitted there isn’t enough government budget to even set up a watershed management information system....
EDITOR’S DESK Bernie Cahiles-Magkilat The pandemic has given rise to new businesses if not the strengthening of existing ones that are able to pivot and innovate with the use of digital technologies. Some of these businesses are delivery/logistics, micro finance, financial technologies (fintech),...
Even without a new concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS), Maynilad Water Services Inc. already began preparing for its five-year plan under the next rate rebasing period. In a virtual briefing on Thursday, Maynilad President and Chief Executive Officer...
Billionaire Enrique K. Razon Jr. is not letting his guard down and intends to manage the resources of his port and gaming businesses judiciously, wary of a prolonged pandemic that may last until the end of the year. During the annual stockholders’ meeting of Bloomberry Resorts Corporation, Razon...
Negotiations between the Philippines government and Maynilad Water Services Inc. regarding the latter's new water concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS) have already started. This is more than two weeks since the Philippines government released the new CA...
Metropolitan Waterworks and Sewerage System (MWSS) has ordered Manila Water Company Inc. and Maynilad Water Services Inc. to suspend anew their respective service disconnection activities. In an advisory, MWSS Regulatory Office (RO)...
