Diversified conglomerate San Miguel Corporation’s (SMC) planned P20-billion bond issuance has been assigned the highest PRS Aaa, with a Stable Outlook, Issue Credit Rating by the Philippine Rating Services Corporation (PhilRatings). PhilRatings said in a statement that it also maintained its...
Senators on Monday, April 22, urged the Department of Transportation (DOTr) to plan well its idea of adding another motorcycle lane in EDSA. Senate Public Services Committee Chair Sen. Grace Poe said that while the intention to decongest EDSA is understandable, she's curious as to how the agency...
The Alcantara family’s holding company Alsons Consolidated Resources, Inc. (ACR) has received a high Issuer Credit Rating rating of PRS Aa minus (corp.), with a Stable Outlook, for its P3.0 billion Commercial Paper (CPs) Program. In a statement, Philippine Rating Services Corporation...
Metro Manila's water concessionaires assured the public on Tuesday, April 16, that despite the sweltering temperatures and dwindling water levels at dams, their supply operations remain normal. With the forecast of scorching temperatures reaching 42 degrees Celsius in 24 areas across the...
Petron Corporation, the Philippines’ largest oil company, has retained the highest Issue Credit Rating of PRS Aaa with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its outstanding bonds worth P38.0 billion. Obligations rated PRS Aaa are of the highest...
The crippling blackouts that plunged Panay island into a state of distress in the initial days of the New Year has less chance of recurrence because of the completion of the 230-kilovolt (kV) Cebu-Negros-Panay (CNP) project of the National Grid Corporation of the Philippines. That has been the...
Senators on Tuesday, April 9 welcomed the Department of Environment and Natural Resources’ (DENR) decision to fully cancel its 2004 agreement with the Socorro Bayanihan Services Inc. (SBSI) that awarded them 353 hectares of land protected area in Surigao del Norte province. This,...
Officers and members of the Socorro Bayanihan Services Incorporated (SBSI) led by Jey Rence Quilario, popularly known as Senior Agila, are now being evicted in the 353-hectare Siargao Island Protected Landscape and Seascape (SIPLAS) in Surigao del Norte. This, after the Department of...
State-run Government Service Insurance System (GSIS), along with the Philippine National Bank (PNB) partnered with P.A. Alvarez Properties and Development Corporation (PA Properties) to help address the national housing backlog. In a statement, GSIS said the pension fund, the national bank, and the...
Sen. Grace Poe called on water concessionaires to ensure continuous service and aim for zero interruptions for their customers as water shortage together with the intense heat could lead to an outbreak of diseases. "The heat is on, water is on high demand, and without it, our health is at risk,"...
Senator Grace Poe said on Thursday, March 21, that the measure seeking the franchise revocation of controversial network Sonshine Media Network International (SMNI) will be made the subject of utmost study and scrutiny in the Senate. Poe, chairperson of the Senate Committee on Public Services, said...
The Lopez Group’s Energy Development Corporation (EDC) is planning to raise up to P10 billion from a planned ASEAN Green Bond issuance to fund its expansion plans. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS Aaa, with a Stable...
