San Miguel Brewery Inc. continues to enjoy a triple-A rating, for its P9.54 billion outstanding bonds, from Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has maintained its highest issue credit rating of PRS Aaa, with a Stable Outlook, for SMB’s bonds with the...
Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew Tan, banked on its overseas operations and diversification efforts to ride out the effects of the pandemic. Alliance Global Group Inc. During the firm’s annual stockholders’ meeting, AGI Chairman Andrew Tan said the company...
PAL Holdings Inc. (PHI) Thursday, (June 17) reported a net comprehensive loss of P73 billion on total revenues of P55.3 billion and total expenses of P81.8 billion for the 2020 calendar year. PAL Holdings managed to reduce its expenses by 46 percent versus 2019. However, this was offset by a 64...
Megaworld Corporation, the country’s largest developer and lessor of office spaces, is jumping on the REIT (real estate investment trust) bandwagon with the planned P27.3 billion initial public offering of subsidiary MREIT Inc. 12895 In a disclosure to the Philippine Stock Exchange, Megaworld...
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, has filed with the Securities and Exchange Commission its registration statement for a planned maiden bond offering of up to P5 billion. In a disclosure to the Philippine Stock Exchange, the...
The Metropolitan Waterwork and Sewerage System and its two concessionaires, Maynilad Water Services, Inc. and Manila Water Company, Inc., have released a development fund for indigenous people (IPs) and local farmers in Bulacan. The development fund, which is close to P37million, was meant for...
The Securities and Exchange Commission (SEC) has also revoked the license of R&L Investments, Inc., as well as disqualified its key officers and the owner of the account used to siphon off P700 million worth of client shares from the stock brokerage. In addition, the SEC special hearing panel...
In the absence of a law "with teeth" to combat cyber pirates in the Philippines, Globe Telecom Inc. collaborates with government and content providers to create an "appropriate site-blocking mechanism," Globe Chief Information Security Officer Anton Bonifacio today (June 15) disclosed....
Metropolitan Waterworks and Sewerage System (MWSS) is confident that it will meet its five-year target for its massive replanting program within some of the region’s most crucial watersheds. In a statement, stakeholders of the Annual Million Trees Challenge (AMTC) stressed their commitment to...
The Securities and Exchange Commission (SEC) has revoked the license of Ventures Securities, Inc. (VSI) and slapped P32 million in penalties against the brokerage and its officers for the fraudulent transfer of P700 million worth of client shares from R&L Investments, Inc. An SEC special...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) will spend nearly P2 billion for pipe replacement alone as part its efforts to upgrade its distribution system and reduce water losses. In a statement, Maynilad said that it is now targeting to replace a total of 173 kilometers of...
Metrobank and GT Capital Holdings Inc. Group are expecting 400,000 doses of COVID-19 vaccines that will be made available for employees of each of the Ty-led group of companies, which includes Toyota Motor Philippines, Federal Land, AXA Philippines, Philippine Savings Bank among others. The...
