Metro Pacific Investments Corp. (MPIC) reported a five percent increase in first-quarter core profit as robust demand for power and healthcare services offset higher interest expenses and the diluted stake in its water utility. Manuel V. Pangilinan, MPIC chairman, president, and chief executive...
DAVAO CITY – The local government of Mawab, Davao de Oro launched free laboratory and diagnostic examinations at the municipal super health center on May 5. Mayor Myrill Apit said the initiative is part of their efforts to strengthen healthcare services for constituents. Apit said residents will...
Global port operator International Container Terminal Services Inc. (ICTSI) reported a 23 percent increase in profits for the first quarter, as its expansive portfolio of terminals remained resilient despite geopolitical conflicts and their impact on global trade. In a disclosure to the Philippine...
A Brown Co. Inc. is seeking to raise as much as ₱5 billion through its first-ever bond issuance to accelerate a pivot into renewable energy and broaden its real estate portfolio. A Brown, a developer known for its extensive footprint in Mindanao, filed a registration statement with the Securities...
Belle Corp., the high-end leisure and gaming arm of the SM Group, reported a double-digit rise in first-quarter profit as recovery in its gaming partnership and the surge in real estate sales cushioned the impact of heightening competition in the local casino market. The firm reported to the...
SM Prime Holdings Inc. (SM Prime), one of Asia’s largest integrated property developers, is planning to raise ₱18 billion from a planned bond issuance to refinance maturing obligations and fund capital expenditures (capex). Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
West Zone concessionaire Maynilad Water Services Inc. is ramping up infrastructure investment and system optimizations to safeguard supply as the summer season approaches and weather officials warn of a potential El Niño phenomenon. In a statement, the company, which serves millions of consumers...
The Quezon City government on Wednesday, April 22, cautioned residents against individuals illegally offering paid assistance in the processing of Persons with Disability (PWD) IDs, senior citizen IDs, and purchase booklets. Authorities stressed that such fixer activities are strictly prohibited...
The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) penalized Maynilad Water Services Inc. ₱54.28 million following a series of prolonged service interruptions that left more than 165,000 customers in the southern West Concession Area without reliable access to water. In...
As geopolitical tensions in the Middle East heighten risks to thousands of overseas Filipino workers (OFWs) in the region, a new study suggests that OFWs view credible government leadership as a key factor to gaining migrant trust and implementing truly effective support services for OFWs. The...
Po-led upscale developer Arthaland Corp. has maintained its issue credit rating of PRS Aa, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding green bonds amounting to ₱3 billion, due to its growth trajectory. Obligations rated PRS Aa are of high quality...
A massive pipe leak in Tondo on Sunday has prompted Metro Manila 's two water concessionaires to initiate a series of supply restoration activities in affected areas. In a statement on Monday, April 13, West-zone concessionaire Maynilad Water Services, Inc. reported that its technical teams...
