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...
Maynilad Water Services, Inc. will continue to implement rotational service interruption until Sunday (November 29) more than two weeks since Typhoon Ulysses made landfall in the country and brought a lot of mud to the La Mesa Treatment Plant. In a statement, Maynilad said it is “constrained”...
It has been a week since Typhoon Ulysses made landfall in the Philippines, but Maynilad Water Services Inc. has yet to resume its normal production level due to continued high turbidity level of raw water in Ipo Dam. Jennifer Rufo, head of corporate communications at Maynilad, said the sustained...
Water service interruptions within some parts of Metro Manila may last until Sunday after the turbidity level of raw water in Ipo Dam rose due to Typhoon Ulysses. In a text message, Jennifer Rufo, head for stakeholders communications office of Maynilad Water Services Inc., said as per the estimate...
Lopez-led FGEN LNG Corporation will conclude by the middle of next month the bid process for its planned chartering of a floating storage regasification unit (FSRU) to serve as its interim facility on targeted importation of liquefied natural gas (LNG) starting year 2022. Jonathan C. Russell,...
Globe Telecom Inc.'s aggressive network expansion correspondingly widens its telemedicine services in a nation with just one doctor for every 33,000 Filipinos. Now, telemedicine becomes a truly viable alternative to traditional visits to hospitals and clinics, stressed Cholo Tagaysay, CEO of...
Aboitiz Equity Ventures, Inc. is planning to raise up to P10 billion from a proposed bond issue as part of its three-year shelf registration program amounting to P30 billion. The planned offering will have a base issue size of up to P5 billion, with an oversubscription option of up...
To spare Maynilad Water Services Inc. and Manila Water Company Inc. from further financial trouble, the government could only give one last set of reliefs to the respective customers of these water utilities, which includes a 30-day grace period for unpaid bills from August 4 to 18. For the unpaid...
