Corporate

26 February 2021

  • Meralco sees lower rates in March
    Manila Electric Co. (Meralco) said it expects power rates to go down for the second consecutive month in March due to lower rates from its suppliers, a company official said on Thursday. “Currently, we are still awaiting the final bills from our power suppliers, but based on initial projections, there is a strong likelihood that […]
  • Ayala Land to finance 2021 capex via loans, bond issue
    Property developer Ayala Land Inc. said it is set to borrow between P8 billion and P10 billion this year for its capital expenditures including the completion of projects that it had already started. The company said it is looking at borrowing more to refinance its debt and replace it with cheaper ones. Augusto Cesar D. […]
  • FDFC, Xendit offer cardless installment solution
    BillEase operator First Digital Finance Corp. (FDFC) is teaming up with an Indonesia-based financial technology (fintech) player Xendit to offer “pay later” solution via cardless installments. The collaboration allows Xendit’s merchants to include BillEase as a payment option for consumers, who are usually unbanked or uncarded. “By offering BillEase at checkout, merchants can give their […]
  • PNR cancels P921-million train supply contract
    The Philippine National Railways (PNR) has canceled its P921-million train supply contract with CRRC Zhuzhou Locomotive Co. Ltd., after the Commission on Audit (COA) questioned the procurement processes implemented by the railway regulator. PNR General Manager Junn B. Magno said with the cancellation of the contract with the Chinese manufacturer, the management will soon start […]
  • Manila Water breaks ground for 42nd STP
    Manila Water, the concessionaire for the East Zone of the Metropolitan Waterworks and Sewerage System (MWSS) said on Thursday that it recently held the groundbreaking ceremony for the Aglipay Sewage Treatment Plant (STP) in Mandaluyong City. The said STP is the company’s 42nd facility. It will have a treatment capacity of 60 million liter per […]

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