The Ayala Group has formally ceded control over Manila Water Company to Enrique K. Razon Jr. following an agreement wherein the tycoon bought a 24.96 percent stake but was given voting power for 51 percent of the utility. Enrique K. Razon Jr. In a disclosure, Manila Water advised the Philippine...
Investors in the local stock market will be closely watching the COVID numbers after the easing of quarantine measures in the nation’s capital while also waiting for the release of employment this week. “Next week, the local market may decline if our country’s COVID-19 situation further...
Globe Telecom Inc. has to date activated its Voice Over Long Term Evolution (VoLTE) service in at least 25 provinces nationwide. Globe-Telecom_CNNPH (3) Now, more postpaid customers can access the service to improve their voice call experience. The VoLTE service is available in Bataan, Batangas,...
The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) is still clarifying with the government panel that revised concession agreements between MWSS and water concessionaires if the foreign currency differential adjustments (FCDA) can still be implemented for the third quarter...
Marcventures Mining and Development Corporation (MMDC), a subsidiary of listed nickel miner Marcventures Holdings Inc. (MHI), is targeting to ship 2.035 million wet metric tons (WMT) of nickel ore this year, higher than the 1.732 million WMT it shipped in 2020. In a statement, MMDC said that for...
SM Investments Corporation (SMIC) has taken control over 2Go Group Inc. with the completion of the divestment of Dennis A. Uy from the company in favor the Sy family’s investment arm and Singapore private equity fund Archipelago Capital Partners Pte. Ltd. In a disclosure to the Philippine Stock...
The Villar Group of Companies has launched the country’s first and the biggest virtual property expo, The ViCon--short for Villar Group Convention. Villar Group Chairman Manuel B. Villar Jr.ja The expo will gather the country’s largest real estate brands in one giant virtual property conference...
What normally is a gala dinner held in plush places like the front lawn of the Beaux-Arts mansion Nelly Garden in Iloilo City turns into a benefit kitchen for 1,200 frontliners in answer to the call of the times Photos by Ray Tabafunda and Kevin de Asis ILONGGO CHARITY Chef Tibong adjusts the...
San Miguel Foods and Beverage Inc., a subsidiary of diversified conglomerate San Miguel Corporation, is allotting P30 billion for capital expenditures this year. SMFB President and CEO Ramon S. Ang During the firm’s annual stockholders’ meeting, SMFB President and CEO Ramon S. Ang said the...
West Zone concessionaire Maynilad Water Services, Inc. had set up a P100-million solar power farm inside its La Mesa Compound in Quezon City, a move that the company considers its first step toward green energy. The 1-megawatt PV (photovoltaic) solar power farm was built to augment the power supply...
The karatedo national team, led by Karate Pilipinas Sports Federation, Inc. president Richard Lim, fifth from right, visits Consul General Arvin de Leon, fifth from left, at the Philippine Consulate in Turkey last week prior to their departure for Paris, France for Olympic Qualifying Tournament on...
