The Securities and Exchange Commission (SEC) has approved the shelf registration of Aboitiz Power Corp.’s (AboitizPower) ₱100-billion worth of fixed rate bonds and its ₱30-billion offering for the first tranche. In a statement, the SEC said the Commission en banc has considered favorably the...
The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world. SMIC was ranked at No. 811 among the world’s top public...
Maynilad Water Services, Inc. has replaced over 3,293 kilometers of old and aging pipelines in its concession area since 2006 as part of its long-term Non-Revenue Water (NRW) management program to address physical water losses. In a statement, Maynilad said the extensive pipe replacement effort,...
The Department of Public Works and Highways (DPWH) advised the public to verify the accreditation of calibration and testing service providers after a firm was found falsely claiming affiliation with the agency. In an advisory, the DPWH Bureau of Research and Standards (BRS) identified Jae-Tech...
BORACAY—West Zone concessionaire Maynilad Water Services Inc. is on track to reduce its non-revenue water (NRW) from last year’s 39.9 percent on the back of strong leak detection and pipe replacement efforts. Maynilad, the country’s biggest water concessionaire in terms of customer base, is...
The Senate bill that would provide free funeral services to poor families who are in dire need and in crisis situations was approved on third and final reading on Monday, June 2. Sen. Imee R. Marcos sponsored Senate Bill No. 2965, otherwise known as the Free Funeral Services Act. According to the...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Maynilad Water Services, Inc. for next month, aiming to raise a maximum of ₱45.8 billion. The Commission En Banc, on May 30, resolved to render effective the registration statement of Maynilad,...
Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
Linking Network for Cancer Services Inc. (LiNCS) has marked a groundbreaking milestone in Philippine healthcare with the inauguration of its state-of-the-art genomics facility, Pathfinder Lab. Located at Unit 7D, Strata 100 Building, Emerald Avenue, Ortigas Central Business District, Pasig City,...
National Reinsurance Corporation of the Philippines (NRCP), the country’s sole professional reinsurer, has been assigned a financial strength rating of PRS A plus, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). PhilRatings said an insurer rated PRS A has strong...
Power and water utilities propelled a 17 percent growth in Metro Pacific Investments Corporation’s first quarter core net income to ₱6.6 billion in 2025 from ₱5.6 billion in 2024. The firm said that, “Improved financial and operational performance across MPIC’s portfolio led to a...
