The Lucio Tan Group’s MacroAsia Corp. has started the construction of the ₱2-billion New Earth Iloilo Water Supply Project, which will augment Iloilo’s potable water supply and address the rising requirements of expanding communities and industries in the province. The project is being...
Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
Despite the currently adverse market conditions, Maynilad Water Services Inc. is looking forward to a successful initial public offering (IPO) as it has already secured the commitment of cornerstone investors, although at a lower ceiling price. “The market is bad, but we are putting in a very...
Maynilad Water Services Inc. has been granted the first Philippine Green Equity label by the Securities and Exchange Commission (SEC) based on the new guidelines the regulator issued to further promote sustainable finance. The grant makes Maynilad’s planned initial public offering (IPO) more...
The government should exercise oversight function on water supply testing conducted throughout the country to ensure the safety of water consumers, Senator Risa Hontiveros said on Tuesday, September 30. Hontiveros made the call following reports that a Department of Health (DOH)-accredited...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
West Zone concessionaire Maynilad Water Services, Inc. has officially commissioned its Cupang Water Reclamation Facility (WRF) in Muntinlupa City, which is now treating wastewater from Barangays Alabang, Cupang, and Bayanan. Located in Brgy. Cupang, the facility has a treatment capacity of 46...
The decision by Maynilad Water Services Inc. to again postpone its ₱45.8 billion initial public offering schedule could be an indication of weaker demand amid adverse market conditions. “The delay once again could be an indication of a weaker-than-expected demand for the offering, which may...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...
The Department of Foreign Affairs (DFA) has formally filed a diplomatic protest against China’s recent water cannoning of a Bureau of Fisheries and Aquatic Resources (BFAR) vessel at the Scarborough Shoal (Bajo de Masinloc). This was confirmed by DFA spokesman Angelica Escalona on Thursday, Sept....
A personnel of the Bureau of Fisheries and Aquatic Resources (BFAR) was injured when a China Coast Guard (CCG) ship fired water cannon at a Philippine vessel during a humanitarian mission in Bajo de Masinloc (Scarborough or Panatag Shoal) in the West Philippine Sea (WPS) on Tuesday, Sept. 16. A...
Water bills are changing for millions of customers this quarter, as Maynilad Water Services Inc. implements rate increase and Manila Water Co. rolls back its charges, the Metropolitan Waterworks and Sewerage System (MWSS) announced. MWSS chief regulator Patrick Lester Ty reported on Friday, Sept....
