The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies (GenCos) to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements...
Senator Grace Poe says public-private partnership (PPP) remains a viable option for developing Philippine airports and make them attractive to tourists. "Ang aviation sector natin ay parang isang eroplanong hindi maka-take off dahil sa delays, cancellations, at kung ano-ano pang aberya," the...
Real estate giant Ayala Land Inc. (ALI) is planning to issue P6 billion worth of Sustainability-linked Bonds, which has been assigned the highest Issue Credit Rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said the proceeds of the proposed...
As regulators expect a continuous decline in the Angat Dam’s elevation, two Metro Manila concessionaires assured the public of their readiness to provide enough supply in case water allocation is reduced. The National Water Resources Board (NWRB) recently shared its plan to possibly minimize the...
The Senate Committee on Public Services will exert all efforts at passing the bill crrating the Department of Water Resources and Management this Congress as a means to solve the country's water crisis, Senator Grace Poe said. Poe' said Senate Bill No. 102, one of the Marcos administration's...
In an attempt to minimize water losses, west zone concessionaire Maynilad Water Services, Inc. has tapped an infrastructure intelligence firm to provide satellite and artificial intelligence (AI) technology to detect areas in need of repair. In a statement on Monday, May 6, Maynilad said it...
Engineering and infrastructure firm Megawide Construction Corporation’s planned P5-billion bond offering has been assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). Megawide plans to offer bonds worth P4 billion, with an...
Maynilad Water Services, Inc. (Maynilad) thanked the Department of Environment and Natural Resources (DENR) and the National Water Resources Board (NWRB) for maintaining the raw water allocation at 50 cubic meters per second (CMD) for the period May 1 to 15, 2024, noting that it is needed given the...
Filipino tech startup Packworks has partnered with Help.NGO to bring connectivity to sari-sari stores through Starlink Internet and boost local entrepreneurship in the Philippines. In a statement, Packworks said its partnership with Help, an international NGO, has resulted in the launched of...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, for its outstanding Fixed Rate Bonds amounting to P5.0 billion. Philippine Rating Services Corporation (PhilRatings)...
For Sen. Grace Poe, the continued conduct of transport strikes is an indication of a still unsettled issue in the transport sector. Activist groups together with jeepney drivers post placards during the first day of transport strike against the government's public utility vehicle (PUV)...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
