The initial public offering of Maynilad Water Services Inc. is expected to proceed this month after the firm has secured commitments from cornerstone investors who will take up over half of the offered shares. On the sidelines of the 57th Finex Annual Conference, Maynilad Chairman Manuel V....
The Philippines and China accused each other of aggressive actions in a contested island in South China Sea in the latest maritime confrontation that further escalated the already tensed relations in the resource-rich waterway. The United States, through Ambassador MaryKay Carlson, also condemned...
Razon-led Manila Water Co. has expanded its retail aggregation program (RAP) enrollment, shifting 56 more facilities to the scheme that allows end-users to combine their power demand and qualify as a single contestable customer. In a statement on Thursday, Oct., 9, Manila Water said the move will...
IPO-bound Maynilad Water Services Inc. is planning to expand its operations in Mega Manila, including the Harbor City reclamation area in Pasay, as well as in Bulacan and Cavite. During the firm’s initial public offering roadshow for domestic market players, Maynilad stated that it is looking to...
ILOILO CITY — Water consumers in Metro Iloilo have been assured of a gradual rate increase from P20 to P28.67 per cubic meter. Metro Pacific Iloilo Water (MPIW) Commercial head Kathleen Sadio said they are implementing the increase in two phases beginning November when consumers will have to pay...
The Lucio Tan Group’s MacroAsia Corp. has started the construction of the ₱2-billion New Earth Iloilo Water Supply Project, which will augment Iloilo’s potable water supply and address the rising requirements of expanding communities and industries in the province. The project is being...
Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
Despite the currently adverse market conditions, Maynilad Water Services Inc. is looking forward to a successful initial public offering (IPO) as it has already secured the commitment of cornerstone investors, although at a lower ceiling price. “The market is bad, but we are putting in a very...
Maynilad Water Services Inc. has been granted the first Philippine Green Equity label by the Securities and Exchange Commission (SEC) based on the new guidelines the regulator issued to further promote sustainable finance. The grant makes Maynilad’s planned initial public offering (IPO) more...
The government should exercise oversight function on water supply testing conducted throughout the country to ensure the safety of water consumers, Senator Risa Hontiveros said on Tuesday, September 30. Hontiveros made the call following reports that a Department of Health (DOH)-accredited...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
West Zone concessionaire Maynilad Water Services, Inc. has officially commissioned its Cupang Water Reclamation Facility (WRF) in Muntinlupa City, which is now treating wastewater from Barangays Alabang, Cupang, and Bayanan. Located in Brgy. Cupang, the facility has a treatment capacity of 46...
