The decision by Maynilad Water Services Inc. to again postpone its ₱45.8 billion initial public offering schedule could be an indication of weaker demand amid adverse market conditions. “The delay once again could be an indication of a weaker-than-expected demand for the offering, which may...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...
The Department of Foreign Affairs (DFA) has formally filed a diplomatic protest against China’s recent water cannoning of a Bureau of Fisheries and Aquatic Resources (BFAR) vessel at the Scarborough Shoal (Bajo de Masinloc). This was confirmed by DFA spokesman Angelica Escalona on Thursday, Sept....
A personnel of the Bureau of Fisheries and Aquatic Resources (BFAR) was injured when a China Coast Guard (CCG) ship fired water cannon at a Philippine vessel during a humanitarian mission in Bajo de Masinloc (Scarborough or Panatag Shoal) in the West Philippine Sea (WPS) on Tuesday, Sept. 16. A...
Water bills are changing for millions of customers this quarter, as Maynilad Water Services Inc. implements rate increase and Manila Water Co. rolls back its charges, the Metropolitan Waterworks and Sewerage System (MWSS) announced. MWSS chief regulator Patrick Lester Ty reported on Friday, Sept....
Manila Water has announced scheduled water service interruptions in Makati, Pasig, and Quezon City from September 10 to 12 due to emergency repair and maintenance activities. The areas to be affected by water interruptions are the following: Sept. 10 (10:00 p.m.) to Sept. 11 (4:00 a.m.) * San...
Manuel V. Pangilinan-led Maynilad Water Services, Inc. has partnered with the Manila Electric Co. (Meralco) to integrate the Retail Aggregation Program (RAP) into its water and wastewater facilities in Metro Manila. In a statement on Monday, Sept. 8, Maynilad announced that its water treatment...
Razon-led Manila Water Co., Inc. has sold its minority stake in Thai water utility firm Eastern Water Resources Development and Management Public Company Limited for ₱1.1 billion as it divests non-core assets where it does not exercise control. In a disclosure to the Philippine Stock Exchange,...
Maynilad Water Services, Inc. has announced that it will carry out urgent leak exploration and repair works tonight at the intersection of Magsaysay Boulevard and Nagtahan Street in Sta. Mesa, Manila. According to Maynilad, their leak detection team discovered a significant underground pipe leak in...
LA PAZ, Leyte – People lined up the streets to welcome Miss Philippines Earth-Water Angel Rose Tambal on Friday during her homecoming celebration here. Tambal was met by a hero 's welcome as the community came together to celebrate her achievement. She is the first in this municipality to...
Maynilad Water Services Inc., a subsidiary of Metro Pacific Investments Corp., has put to rest questions on whether its ₱45.8 billion initial public offering will push through by setting a new offering and listing date in October. Based on the firm’s updated preliminary prospectus, the offer...
The Philippine Stock Exchange (PSE) is expected to face difficulty in achieving its capital-raising target of ₱186 billion this year, as big-ticket initial public offerings are being postponed. This comes after Hann Holdings announced the deferment of its ₱13 billion initial public offering due...
