The summer heat has pushed water demand in a lot of areas in the metropolis, causing the water level in the Bagbag reservoir – which is Maynilad Water Services Inc.’s biggest reservoir – to decline, which eventually led to rotational service interruptions. This prompted Metropolitan...
Metropolitan Waterworks and Sewerage System (MWSS) hopes that its new concession agreement with west zone concessionaire Maynilad Water Services Inc. will soon be released as this is “critical” in implementing projects for water security. In a statement, MWSS Chairman and Acting Administrator...
While conservation works initiated by the Escuela Taller de Filipinas Foundation, Inc . on heritage structures continued amid the coronavirus disease (COVID-19) pandemic, its training program had to take a backseat. (Photo courtesy of Escuela Taller de Filipinas Foundation, Inc. Facebook Page) The...
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company. Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed...
The Philippine National Volleyball Federation Inc. (PNVF) kicks off its 31 st Southeast Asian Games preparations by holding tryouts for indoor and beach volleyball teams starting Wednesday, April 28, at the Subic Bay Metropolitan Authority. The tryouts will be held for one day for each team,...
Metropolitan Waterworks and Sewerage System (MWSS) said watershed is the “lifeline” of the country’s water supply system, but the Department of Environment and Natural Resources (DENR) admitted there isn’t enough government budget to even set up a watershed management information system....
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
AREIT Inc., Ayala Land’s pioneering Real Estate Investment Trust (REIT) is primed for growth and expansion after its shareholders approved an increase in its capital and the infusion of new assets. During AREIT’s first Annual Stockholders’ Meeting, stockholders approved the increase in the...
Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, generated P12 billion from the sale of residential projects but 2020 net income was still lower due to the pandemic. In a statement, the firm aid it sold P4.22 billion worth of...
The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion....
Filinvest Land, Inc. (FLI), the property arm of Filinvest Development Corporation (FDC), is banking on its P190 billion worth of projects in the pipeline, including new products to be launched, as part of its medium-term strategies. During the firm’s virtual Annual...
The Securities and Exchange Commission (SEC) has canceled the corporate registration of Bill Ford VIP Trading, Inc. which has been found to have engaged in unauthorized investment activities resembling a Ponzi scheme. In an order, the SEC Enforcement and Investor Protection Department (EIPD)...
