PLDT and its wireless unit Smart Communications, Inc. (Smart), together with the PLDT-Smart Foundation (PSF), kicked off the donation drive of First Pacific Company Limited (First Pacific) in the Philippines in celebration of its 40th anniversary.
PLDT-Smart Foundation turns over Smart Bro Pocke
Metro Pacific Investments Corporation (MPIC) is interested in partnering with to other vaccine manufacturers globally to locally produce a COVID-19 vaccine as well as for other diseases since the Philippines has yet to produce a single vaccine of its own. “You know, if you're at it anyway, you m
Maynilad signs new concession deal with gov t
May 19, 2021 10:56 AM PHT
Maynilad Water Services signed a revised concession agreement with the Philippine government, which no longer has the contentious provisions found in the original deal.
Justice Secretary Menardo Guevarra said on Tuesday, May 18, that the deal is similar to the one recently signed with Manila Water, which removed the guarantee of earnings from investments as well as the non-interference clause.
The non-interference clause, which earlier barred the government from interfering in the rate-setting mechanism or determination of water rates, had angered President Rodrigo Duterte the most.
In a disclosure to the Philippine Stock Exchange on Wednesday, May 19, Maynilad s parent company Metro Pacific Investments Corporation said the new agreement with the Metropolitan Waterworks and Sewerage System continues the concession period until July 31, 2037.
Published May 18, 2021, 3:28 PM
GT Capital Holdings, Inc., the investment arm of the Ty family, reported a 60 percent jump in consolidated net income to P4.1 billion in the first quarter of 2021 from the P2.5 billion it earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the conglomerate reported a core net income of P3.4 billion for the first quarter of 2021, a 19 percent increase from P2.8 billion during the same period last year.
“This was driven primarily by Metropolitan Bank & Trust Company (Metrobank), whose net income amounted to P7.8 billion, as well as Toyota Motor Philippines (TMP), which realized a net income of P2.0 billion,” GT Capital said.
May 16, 2021 THE Toll Regulatory Board (TRB) has authorized North Luzon Expressway (NLEX) Corporation to collect a nominal 2 to 3 percent toll increase starting May 18, 2021.
The increase is part of the approved periodic adjustments due in 2012 and 2014, or seven years ago.
TRB and NLEX agreed to implement the increase on a staggered basis to cushion the impact of the adjustments.
Taking effect past midnight or 12:01 a.m. on May 18, the increase will be an additional P2 for Class 1 vehicles in the open system, VAT included.
For the entire NLEX journey end to end, Class 1 vehicles will pay an additional P6.
The open system, where a flat rate is charged per entry, includes Quezon City, Caloocan City, Valenzuela City, Malabon City, Navotas City, Meycauayan City and Marilao, Bulacan. The closed system is between Bocaue, Bulacan and Mabalacat City, Pampanga.