MacroAsia Corp., one of the investment holding companies of tycoon Lucio Tan, said its wholly owned subsidiary has secured regulatory approval to change its corporate identity and broaden its business scope, marking a shift toward a centralized shared services model.
The company told regulators, including the Securities and Exchange Commission and the Philippine Stock Exchange, that Tera Information and Connectivity Solutions, Inc. has amended its articles of incorporation to become MacroAsia Shared Services Corp. (MSSC), with an expanded mandate covering finance, human resources, and procurement functions.
MSSC builds on TERA’s original role as an internal provider of information technology and connectivity solutions across the group. The transition signals a broader effort to consolidate enterprise support functions, allowing MacroAsia to leverage scale, reduce operating costs, and standardize processes across its business units.
As a shared services hub, MSSC will initially handle high-volume transactional activities such as vendor payments, billing and collections, general ledger reporting, and payroll administration. Over time, the unit is expected to evolve into a platform for digital innovation, supporting automation initiatives and new operating models aligned with the group’s digital transformation agenda.
The move reflects a wider trend among conglomerates to centralize back-office functions to improve efficiency and transparency, while enabling core operating units to focus on revenue generation and strategic growth.
