Manuel V. Pangilinan-led Maynilad Water Services, Inc. has partnered with the Manila Electric Co. (Meralco) to integrate the Retail Aggregation Program (RAP) into its water and wastewater facilities in Metro Manila. In a statement on Monday, Sept. 8, Maynilad announced that its water treatment...
Maynilad Water Services Inc., a subsidiary of Metro Pacific Investments Corp., has put to rest questions on whether its ₱45.8 billion initial public offering will push through by setting a new offering and listing date in October. Based on the firm’s updated preliminary prospectus, the offer...
The Philippine Stock Exchange (PSE) is expected to face difficulty in achieving its capital-raising target of ₱186 billion this year, as big-ticket initial public offerings are being postponed. This comes after Hann Holdings announced the deferment of its ₱13 billion initial public offering due...
West Zone concessionaire Maynilad Water Services, Inc. has named Christopher Jaime T. Lichauco as its new Chief Operating Officer (COO), effective Sept. 1, 2025, to succeed the retiring Randolph T. Estrellado. Lichauco, a veteran with 27 years at Maynilad, will assume his new role after Estrellado...
Philippine Rating Services Corp. (PhilRatings) has assigned its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, to DoubleDragon Corp.’s bond issuance worth up to ₱10.9 billion. The planned issuance is for ₱3.5 billion, with an Oversubscription Option of up to ₱7.4 billion....
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...
