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Category: business

All set for Maynilad’s P45.8-B stock debut

MANILA, Philippines – Maynilad Water Services Inc. inched closer toward its P45.8-billion initial public offering (IPO) this month after obtaining the approval of the Philippine Stock Exchange. The operator of the local bourse said in an advisory on Monday that Maynilad would offer up to 2.3 billion shares for as much as P20 each. The

Gov’t debt service surged by 257% in Aug. to P664.7B

The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds. Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report of the Bureau of the Treasury. This brought the eight-month tally to P1.54 trillion, nearly flat

The secrets behind family business empires no one will tell you

(Last of two parts) Dynasties don’t endure because they are richer, luckier or more charismatic. They endure because they run on a different operating system. On Sunday, the family shares a meal. On Monday, the same people sit across a board table with roles, rights and rules that are crystal clear. When pressure spikes—succession, acquisitions,

PBA ushers in 50th season with legends in attendance

MANILA, Philippines–Ramon Fernandez, Atoy Co and Vergel Meneses led a collection of former personalities who graced the opening of the PBA’s 50th anniversary season on Sunday. The PBA said about 40 to 50 ex-players, coaches and officials attended a busy day that started with the Leo Awards at Novotel Manila followed by the opening ceremonies