West zone concessionaire Maynilad Water Services, Inc. is awaiting confirmation from one of its foreign cornerstone investors before proceeding with its ₱45.8 billion initial public offering (IPO), targeted for October. Maynilad chairman Manuel V. Pangilinan said on Monday, July 28, that one...
Filinvest Development Corporation (FDC) has been assigned the highest Issuer Credit Rating of PRS Aaa (corp..), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings) in relation to its planned ₱8.0 billion preferred share offering. The ratings agency stated that an Issuer...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Amid ongoing impact of Severe Tropical Storm “Emong” and the lingering effects of earlier storms, all water service disconnection activities for non-payment have been temporarily suspended by the Metropolitan Waterworks and Sewerage System (MWSS). MWSS Chief Regulator Patrick Ty said on Friday,...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained the top Issue Credit Rating of PRS Aaa with a Stable Outlook for its ₱2 billion outstanding Fixed Rate Bonds assigned by Philippine Rating Services Corporation (PhilRatings). Obligations...
As global demand for sustainable products ramps up, local exporters are poised to benefit from the growing market of environmental goods and services (ESG), according to the International Trade Center (ITC). In a report, the ITC said there is an increasing demand for products and services that...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) now delivers piped-in water to around 10.5 million people as of the first quarter of 2025, marking continued gains in service coverage, availability, and water pressure across its concession area. As of March 2025, the company had...
When emergencies strike without warning, every second can mean the difference between life and death. That’s why the Philippine Red Cross (PRC) is making sure no call for help goes unanswered—with 178 ambulance units and highly trained Emergency Medical Services (EMS) teams ready to respond...
West Zone concessionaire Maynilad Water Services, Inc. has decided to postpone its ₱45.8 billion initial public offering to “no later than October 2025” in the hope that potential strategic cornerstone investors will soon decide to buy into the company. In a statement on Sunday, June 22, the...
The Marcos-led Economy and Development (ED) Council has approved the 10-year extension of the water concession agreements of Maynilad and Manila Water to ensure water supply in Metro Manila, Malacañang said Thursday, June 19. In a Facebook post, the Presidential Communications Office (PCO) said...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) recently signed a new Collective Bargaining Agreement (CBA) with the Maynilad Water Supervisors’ Association (MWSA), further strengthening the collaborative relationship between Management and the union representing more than 350...
Pasig City Mayor Vico Sotto has called on all department heads of the city government to strengthen the dissemination of information on the free and quality services, particularly in the health sector, that many Pasigueños are not aware of. Sotto said this on Monday, June 16, following a viral...
