Manila Water Co. Inc. subsidiary Filipinas Water Holdings Corp. (FWHC) is selling 90 percent of its holdings in Bulakan Water Co. Inc. (BWCI) and a similar stake in Obando Water Co. Inc. (OWCI) to SMC Bulacan Water Services Corp. for P1.02 billion.
Maynilad Water Services, Inc. has received Securities and Exchange Commission (SEC) approval of its P15 billion blue bond sale program destined for its marine and ocean-based projects.
The Bangko Sentral ng Pilipinas kept key interest rates unchanged at its policy meeting on Thursday, noting inflation risks remain tilted toward the upside. Even so, the central bank dangled the possibility of policy easing as early as August this year.
The National Food Authority will need P16.3 billion next year to procure the country's target rice buffer stock and additional budget to upgrade storage capacity.
The Cybercrime Investigation and Coordinating Center on Thursday warned customers of GCash from clicking fake emails allegedly sent by the country’s biggest mobile payment service.
The Parañaque Integrated Terminal Exchange (PITX) forecasts around 1.89 million passengers passing through its facilities from October 25 to November 4 this year, as Filipinos travel home for All Saints’ Day and All Souls’ Day.
The Securities and Exchange Commission (SEC) has released the regulatory framework governing market making activities, bringing Philippine market practices in line with international standards to improve liquidity, strengthen price formation, and support capital raising in the country’s financial markets.
Amid the ongoing El Niño dry spell, local hydropower developers are urging the government to step up assistance and put in place clearer policies to speed up project rollout across the country.
FINANCIAL ANALYSTS EXPECT Mynt Inc., the parent company of dominant e-wallet operator GCash, to maintain a steady upward trajectory following its upcoming debut on the Philippine Stock Exchange, though its performance may resemble the measured pace of a mature corporate giant rather than a high-speed startup.