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...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Amid ongoing impact of Severe Tropical Storm “Emong” and the lingering effects of earlier storms, all water service disconnection activities for non-payment have been temporarily suspended by the Metropolitan Waterworks and Sewerage System (MWSS). MWSS Chief Regulator Patrick Ty said on Friday,...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained the top Issue Credit Rating of PRS Aaa with a Stable Outlook for its ₱2 billion outstanding Fixed Rate Bonds assigned by Philippine Rating Services Corporation (PhilRatings). Obligations...
As global demand for sustainable products ramps up, local exporters are poised to benefit from the growing market of environmental goods and services (ESG), according to the International Trade Center (ITC). In a report, the ITC said there is an increasing demand for products and services that...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) now delivers piped-in water to around 10.5 million people as of the first quarter of 2025, marking continued gains in service coverage, availability, and water pressure across its concession area. As of March 2025, the company had...
When emergencies strike without warning, every second can mean the difference between life and death. That’s why the Philippine Red Cross (PRC) is making sure no call for help goes unanswered—with 178 ambulance units and highly trained Emergency Medical Services (EMS) teams ready to respond...
West Zone concessionaire Maynilad Water Services, Inc. has decided to postpone its ₱45.8 billion initial public offering to “no later than October 2025” in the hope that potential strategic cornerstone investors will soon decide to buy into the company. In a statement on Sunday, June 22, the...
