State-lender Development Bank of the Philippines (DBP) will help build the Marquee Doctors Medical Center, Inc. (MDMCI) in Pampanga to boost the availability of quality and affordable healthcare services in the province. In a statement Thursday, June 9, Emmanuel G. Herbosa, DBP president and chief...
Maynilad Water Services Inc. has blamed algal bloom in Laguna Lake for the company’s decision to implement water service interruptions (WSI) in Muntinlupa and other areas. Maynilad’s Putatan Water Treatment Plant in Barangay Putatan, Muntinlupa, gets raw water from the Laguna Lake. The...
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
Manila Water Company continues to expand its network of water lines and has already laid and maintains 5,290 kilometers of water pipelines in eastern Metro Manila and parts of Rizal province as of March 2022. In a statement, the utility said this is part of its continuing commitment to further...
North Star Meat Merchants, Inc. has decided to shelve its planned P4.5 billion initial public offering “due to increased market volatility amidst inflationary concerns.” In a letter to the Philippine Stock Exchange, the firm said the decision to defer the IPO was made in consultation with its...
The government lost billions of pesos in power subsidies and tax incentives to now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil), the Fiscal Incentives Review Board (FIRB) said. In a statement Tuesday, June 7, Finance Assistant Secretary and FIRB Secretariat Head...
VisMin developer Cebu Landmasters, Inc. (CLI) is allotting P13 billion for capital expenditures this year, slightly higher than the P9.6 billion earmarked in 2021 as it plans to launch 21 new projects worth P31.5 billion. During the firm’s annual stockholders’ meeting, CLI Chairman and CEO Jose...
One of the flagship programs of SM Foundation, the corporate social responsibility arm of the SM group, is its scholarship program. Aside from the college education offerings, the program also provides venues for students who would like to pursue a career in the skilled labor industry. The gradual...
St. Luke’s Medical Center, Inc. (SLMC) is planning to open its third hospital in Metro Manila and has signed a Contract of Lease with D.M. Wenceslao & Associates, Inc. (DMW) for a 13,896 square meter parcel of land in Aseana City. In a disclosure to the Philippine Stock Exchange, DMW said the...
D&L Industries Inc. expects its second quarter growth to be stronger than in the first three months of the year despite rising costs as its businesses continue to improve with the reopening of the economy. In a press briefing after the firm’s annual stockholders’ meeting, D&L President...
Finance app GCash breached the P500-billion mark in Gross Transaction Value in March 2022 and expects to sustain its growth throughout the year, with user engagement continuing to thrive as the world opens up. Active GCash users are now five times larger than the next e-wallet, with daily logins...
Manila Water Company reported that its social flagship program, Tubig Para sa Barangay (TPSB), has already benefited almost two million people from marginalized communities across the east zone of Metro Manila. In a statement, the firm said TPSB completed more than 800 projects which resulted in...
