Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito has called on the government to fast-track the creation of a Department of Water Resources Management that will unify all water-related functions of government. Ejercito renewed his call for the creation of the department which he...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
Dexter Tiu’s Pure Energy Group is undertaking a ₱99.7 million mandatory tender offer to acquire all the shares of Coal Asia Holdings Inc. held by minority shareholders after buying 71.6 percent of the company from its principal owners. A Share Purchase Agreement was signed among Coal Asia’s...
Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
When Christopher Jaime T. Lichauco eats out, his wife knows what’s coming. “My wife always gets mad at me because it embarrasses her,” he said, smiling. “Whenever I’m in a restaurant, I ask the waiter or waitress where they live, to know if they’re Maynilad customers. If they are...
The debate continues on the extent of the damage the flood control mess has inflicted on the market value of listed companies, with estimates of the loss ranging from a low of ₱185 billion to a high of ₱5 trillion. Admittedly, regardless of the exact figure, the anomalies plaguing the...
Senate Majority Leader Juan Miguel “Migz” Zubiri disclosed on Thursday, Oct. 16, that Hungary 's $33-million (P1.9 billion) loan agreement with the Philippines is set to be finalized to fund major water treatment and desalination projects aimed at improving access to clean water and...
President Marcos has stressed that flood control structures can be effective if they are constructed properly. Marcos found himself making the statement when he led the inauguration of the Union Water Impounding Dam in Barangay Union, Claveria, Cagayan on Tuesday, Oct. 14, which, he said, actually...
Two more civilian vessels of the Bureau of Fisheries and Aquatic Resources (BFAR) were apparently hit by a water cannon by the China Coast Guard (CCG) near Pag-asa (Thitu) Island in the West Philippine Sea (WPS), the Philippine Coast Guard (PCG) revealed on Monday, Oct. 13. Aside from BRP Datu...
The Philippines will file a diplomatic protest after China Coast Guard (CCG) and Chinese militia vessels rammed and water cannoned Philippine vessels near the highly contested Pag-asa Island this week. “Yes, a diplomatic protest will be filed,” Department of Foreign Affairs (DFA) spokesperson...
