The Philippine Red Cross (PRC) on Tuesday, August 19, announced that it has further strengthened its emergency and disaster response capabilities with the turnover of its 180th ambulance unit. In a statement, PRC said the turnover, which took place on August 18, marks a “milestone” that...
Toyota Financial Services Philippines Corp. (TFSPH), and affiliate of GT Capital Holdings Inc., is planning to raise ₱5-billion through the first issuance from its ₱20-billion fixed-rate bond program. In line with this, Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has kicked off its 2025 “Plant for Life” program with an ambitious goal of planting 180,000 native trees across the Ipo and other critical watersheds this year. The initiative highlights Maynilad’s commitment to long-term...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) reported a 20 percent increase in net income for the first half of 2025, driven by improved financial and operational performance and strong contributions from its energy, water, and hospital businesses. During a financial briefing,...
Global port operator International Container Terminal Services Inc. (ICTSI) continues its growth momentum in the first half of the year, with its net income growing by 15 percent to $483.84 million despite global trade uncertainties. In a disclosure to the Philippine Stock Exchange, ICTSI said its...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported that its ₱2 billion Peso-denominated Fixed-Rate Bonds were six times oversubscribed on the offering day. In a disclosure to the Philippine Stock Exchange, the bank said it has thus decided to shorten the...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to raise at least ₱2 billion from the issuance of peso-denominated fixed-rate bonds as part of its ongoing ₱40-billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
Razon-led International Container Terminal Services Inc. (ICTSI) has signed an agreement to be the strategic partner for the development and operation of Batu Ampar Container Terminal (BACT) in Batam, Indonesia. In a disclosure to the Philippine Stock Exchange (PSE), the firm said PT Batam Terminal...
West zone concessionaire Maynilad Water Services, Inc. is awaiting confirmation from one of its foreign cornerstone investors before proceeding with its ₱45.8 billion initial public offering (IPO), targeted for October. Maynilad chairman Manuel V. Pangilinan said on Monday, July 28, that one...
Filinvest Development Corporation (FDC) has been assigned the highest Issuer Credit Rating of PRS Aaa (corp..), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings) in relation to its planned ₱8.0 billion preferred share offering. The ratings agency stated that an Issuer...
