Maynilad intensifies leak repairs to manage non-revenue water losses
West Zone concessionaire Maynilad Water Services Inc. bared plugging more than 27,000 pipe leaks as of the third quarter this year, bringing the total leak repairs to 485,319 since its re-privatization in 2007.
Max’s commissary extends power supply pact another four years
Aboitiz Power Corp. recently renewed its retail electricity supply partnership with NoBia Inc., the commissary of the Max’s Group of companies.
Phoenix Petroleum crafting sale and leaseback pact with BDO
Phoenix Petroleum Philippines Inc. is planning a P9 billion sale and leaseback agreement with its creditor BDO Unibank Inc. that will allow the heavily indebted company to pay back what it owes the lender and still be in a position to recover.
Robinsons Retail income falls 41%
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei group, reported attributable income falling 41 percent to P2.58 billion over nine months this year from last year ’s P4.4 billion.
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
