Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
When Christopher Jaime T. Lichauco eats out, his wife knows what’s coming. “My wife always gets mad at me because it embarrasses her,” he said, smiling. “Whenever I’m in a restaurant, I ask the waiter or waitress where they live, to know if they’re Maynilad customers. If they are...
The debate continues on the extent of the damage the flood control mess has inflicted on the market value of listed companies, with estimates of the loss ranging from a low of ₱185 billion to a high of ₱5 trillion. Admittedly, regardless of the exact figure, the anomalies plaguing the...
Senate Majority Leader Juan Miguel “Migz” Zubiri disclosed on Thursday, Oct. 16, that Hungary 's $33-million (P1.9 billion) loan agreement with the Philippines is set to be finalized to fund major water treatment and desalination projects aimed at improving access to clean water and...
President Marcos has stressed that flood control structures can be effective if they are constructed properly. Marcos found himself making the statement when he led the inauguration of the Union Water Impounding Dam in Barangay Union, Claveria, Cagayan on Tuesday, Oct. 14, which, he said, actually...
Two more civilian vessels of the Bureau of Fisheries and Aquatic Resources (BFAR) were apparently hit by a water cannon by the China Coast Guard (CCG) near Pag-asa (Thitu) Island in the West Philippine Sea (WPS), the Philippine Coast Guard (PCG) revealed on Monday, Oct. 13. Aside from BRP Datu...
The Philippines will file a diplomatic protest after China Coast Guard (CCG) and Chinese militia vessels rammed and water cannoned Philippine vessels near the highly contested Pag-asa Island this week. “Yes, a diplomatic protest will be filed,” Department of Foreign Affairs (DFA) spokesperson...
The initial public offering of Maynilad Water Services Inc. is expected to proceed this month after the firm has secured commitments from cornerstone investors who will take up over half of the offered shares. On the sidelines of the 57th Finex Annual Conference, Maynilad Chairman Manuel V....
The Philippines and China accused each other of aggressive actions in a contested island in South China Sea in the latest maritime confrontation that further escalated the already tensed relations in the resource-rich waterway. The United States, through Ambassador MaryKay Carlson, also condemned...
Razon-led Manila Water Co. has expanded its retail aggregation program (RAP) enrollment, shifting 56 more facilities to the scheme that allows end-users to combine their power demand and qualify as a single contestable customer. In a statement on Thursday, Oct., 9, Manila Water said the move will...
IPO-bound Maynilad Water Services Inc. is planning to expand its operations in Mega Manila, including the Harbor City reclamation area in Pasay, as well as in Bulacan and Cavite. During the firm’s initial public offering roadshow for domestic market players, Maynilad stated that it is looking to...
ILOILO CITY — Water consumers in Metro Iloilo have been assured of a gradual rate increase from P20 to P28.67 per cubic meter. Metro Pacific Iloilo Water (MPIW) Commercial head Kathleen Sadio said they are implementing the increase in two phases beginning November when consumers will have to pay...
