Philippines’ Maynilad prepared to do IPO in 2025, CEO says
MANILA - Philippine utility firm Maynilad Water Services Inc. plans an initial public offering as soon as 2025, its CEO said on Friday.
Under its...
Leechiu: Office space demand up 24% in first half; vacancy improves to 17% in...
FIRST-HALF office space demand increased by 24% year on year to 685,000 square meters (sq.m.), driven by expansions in the information technology-business process management...
Saavedra’s Megawide lists P5-billion bonds
MEGAWIDE Construction Corp. raised P5 billion through its fixed-rate bond offering as part of its capital-raising activities, the engineering and infrastructure company announced on Thursday.
Globe Business taps US firm to combat rising cyber threats
GLOBE Business, a unit of Globe Telecom, Inc., has partnered with US-based security cloud provider Zscaler, Inc. to enhance data protection for enterprises, the...
Meralco solar unit energizes solar rooftop project for Japanese firm
MSPECTRUM, Inc., the wholly owned solar subsidiary of Manila Electric Co. (Meralco), has energized the solar rooftop facility of Japanese manufacturer Citizen Finedevice Philippines...
ERC sees delay in resumption of reserve market operations
THE Energy Regulatory Commission (ERC) is seeing a delay in the resumption of the billing and settlement of amounts in the reserve market as...
Packworks secures P3.5M for AI-powered marketing solution for sari-sari stores
STARTUP Packworks said it received P3.5 million in research funding from the Department of Science and Technology (DoST) to develop its artificial intelligence (AI)-powered...
PSEi member stocks performed — July 11, 2024
Here’s a quick glance at how PSEi stocks fared on Thursday, July 11, 2024.
Tourism surge seen to offset wage hike impact on NCR hotels
HOTEL OWNERS in the National Capital Region (NCR) are bracing for higher operational costs from a P35 daily minimum wage hike, but some analysts said tourism in the Philippines could offset the impact.
DoE to hold two green energy auctions this year
THE DEPARTMENT of Energy (DoE) said it is preparing to conduct two green energy auctions (GEA) before the end of the year, with plans for another next year to include offshore wind energy.
Airlines eyeing to expand operations with boost in PHL-S.Korea flights
LOCAL AIRLINES said they are now planning to capitalize on the increased weekly seat capacity between the Philippines and South Korea by introducing new...
PPA awards Puerto Princesa port expansion contract
A MANILA-BASED construction company has bagged the P597.03 million contract for Puerto Princesa port expansion phase 1 project, the Philippine Ports Authority (PPA) said.
In...