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MANILA, Philippines — West Zone concessionaire Maynilad Water Services Inc. (Maynilad) completed in 2023 the replacement of 143 kilometers of old, leaky pipes, thus improving water pressure and service reliability for its customers.
MANILA, Philippines – Filipina mixed martial artist Denice Zamboanga will finally get her shot at the ONE women’s atomweight world championship when she faces former training partner Stamp Fairtex at ONE 167.
HYDERABAD: Dialysis care provider NephroPlus on Wednesday said it has acquired Philippines-based Renal Therapy Solutions Inc (RTSI), which has six clinics, for an undisclosed amount.NephroPlus said the acquisition makes it the third largest dialysis network in the Philippines.NephroPlus founder & CEO Vikram Vuppala said the acquisition marks a significant milestone in the company’s global expansion strategy and solidifies its presence in the Philippines.
CEBU, Philippines — EASL CEO Henry Kerins said yesterday the league has received feelers from five cities offering to host the next Final Four with the expectation that more will join the bandwagon after the success of the inaugural home-and-away season. The five cities are not from the Philippines but Kerins said he’s not ruling out a return to the country with glowing feedback from visitors.
MANILA, Philippines — A delegation of high-level US company executives is in the country for a trade and investment mission taking place this week to check out business opportunities.
WASHINGTON, United States — Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.
MANILA, Philippines — Listed sugar and ethanol producer Roxas Holdings Inc. (RHI) yesterday said it permanently ceased the operations of its wholly owned subsidiary Central Azucarera Don Pedro Inc. (CADPI) in Batangas to slash its losses.
AREIT [AREIT 35.10 unch] held an analyst briefing, and as these things usually go, the AREIT management team took questions from analysts at the end. Here are some of the interesting takeaways from the question period. (1) AREIT’s CEO Carol Mills said that the asset-for-share swap is “the most efficient mechanism” for portfolio growth, but that they would consider acquiring assets with debt “when interest rates are better.” (2) Ms. Mills said that in FY23, AREIT’s average cost of debt was just 3.14% (which she described as “low” due to the bonds that expired in December), but that its current cost of debt has risen to “about 5.8%” (which she referred to as the re-financed rate). (3) The asset mix of AREIT’s portfolio of assets will likely mimic that of its sponsor, Ayala Land [ALI 35.60, down 4.3%]. Ms. Mills said that AREIT is “dominant with offices” right now, but that they “project to have more malls, hotels, and possibly more industrial assets” in the next “two to three years.”