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...
Oral health is something that should neither be ignored nor neglected by Filipinos. This was the gist of House Bill (HB) No. 4691, or the proposed "Oral Healthcare Act” that was filed by Leyte-based congressmen led by Leyte 1st district Rep. Martin Romualdez in the current 20th Congress. “Hindi...
The Securities and Exchange Commission (SEC) has ordered Melot’s Catering Services to stop its illegal solicitation of investments from the public until it secures the commission’s approval. In a March 14 order, the SEC’s enforcement and investor protection department (EIPD) directed...
Philippine Rating Services Corp. (PhilRatings) is maintaining its top-tier credit rating for Vista Land & Lifescapes Inc., moving to distance the homebuilder from a criminal complaint filed by regulators against a separate entity within billionaire Manuel Villar Jr.’s business empire. The local...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
