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Maynilad lowers IPO price ceiling to P15 per share

MANILA, Philippines — Maynilad Water Services Inc. has cut the maximum offer price for its initial public offering (IPO) to P15 per share from P20 per share after locking in cornerstone investors. This values the prospective equity deal at P34.33 billion at the most, down from P45.8 billion previously. It follows the commitment of International Finance

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EU eyes higher steel tariffs, taking page from US

BRUSSELS, Belgium — The European Union will propose cutting steel import quotas and significantly increasing tariffs on the metal from abroad, the bloc’s industry chief Stephane Sejourne told the sector on Wednesday, mirroring US moves. Brussels will unveil new measures next week to protect the steel sector that will replace a current “safeguard clause” expiring

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BCDA taps 3 Japanese institutions for connectivity, sustainability projects

MANILA, Philippines — The BCDA signed three memoranda of understanding with Japanese institutions to open up collaboration opportunities in waste management, renewable energy, telecommunications and sustainable development. Signed during an official mission to Tokyo, the first MOU is with Japanese industrial and engineering firm Kanadevia Corp. It involves a feasibility study on building a waste-to-energy (WTE)