Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion. In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned...
Shared services provider Asticom Technology, Inc., wholly owned by Globe Telecom Inc., is launching its first subsidiary, Asti Business Services, Inc. (ABSI) in a bid to climb on top of the P11.250 billion Information Technology-Business Support Office (IT-BSO) market and be a regional player...
Despite the persistence of COVID-19 pandemic, which has been causing an increase in water consumption, government authorities and utility firms are confident that there will be no water crisis in the coming months, especially in summer. “We can assure of sufficient water supply for summer this...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
Having an important role in helping boost recovery during this pandemic, Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industry (DTI), was assigned a high Issuer Credit Rating of PRS A minus (corp.). Philippine Rating Services Corporation...
Amid the popularity of the Philippines neighboring countries to foreign investors, Trade and Industry Secretary Ramon M. Lopez has called on American investors to take a closer look at its most loyal ally in southeast Asia and make the Philippines their natural investment destination. Lopez made...
SM Prime Holdings Inc. is planning to raise up to P10 billion from the issuance of bonds representing the second tranche of its Three-year Shelf Registration Debt Securities Program (DSP) of up to P100.0 billion Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
The Issue Credit Rating for Arthaland Corporation’s (ALCO) P3.0 billion Fixed-rate ASEAN Green Bonds has been upgraded by Philippine Rating Services Corporation (PhilRatings) to PRS Aa,from PRS Aa minus. AStable Outlook was likewise assigned to the rating for the initial issuance in...
The San Miguel group’s South Luzon Tollway Corporation has retained the highest PRS Aaa issue credit rating with a stable outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding Fixed-rate bonds of P4.9 billion. SLTC was incorporated primarily to engage in...
Except for the quarterly Foreign Currency Differential Adjustment (FCDA), customers of Manila Water Company Inc. and Maynilad Water Services Inc. won’t have to worry about any other water rate adjustment for the whole year of 2021. This was according to Metropolitan Waterworks and Sewerage System...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
International Container Terminal Services Inc. is planning to raise about P4.8 billion from the sale of its treasury shares “for general corporate purposes, including funding of committed capital expenditure.” In a disclosure to the Philippine Stock Exchange, ICTSI...
