Manila Water locks in P27B loan for Wawa acquisition
Manila Water Co. Inc., the east zone water concessionaire controlled by tycoon Enrique Razon, has secured a 15-year, P27-billion loan from BDO Unibank Inc. to fund its acquisition of WawaJVCo. Inc., strengthening its grip on a critical water source for Metro Manila.
Banks, DTI forge startup growth pact
Global financial institutions are deepening ties with the Department of Trade and Industry (DTI) to accelerate Philippine startup growth and expand innovation links across ASEAN and Japan.
Auto industry eyes elusive half-million sales mark
After a largely flat 2025, the Philippine automotive industry is gearing up for a long-awaited breakthrough, with vehicle sales projected to finally surpass the 500,000-unit mark this year, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).
PCC clears Japanese firm’s Cebu Landmasters deal
The Philippine Competition Commission (PCC) has approved the entry of Singapore-based NTT UD Asia Pte. Ltd. into Cebu Landmasters Inc.’s Luzon expansion vehicle, clearing the way for the foreign developer to acquire a 40-percent stake in CLI Luzon.
ERC allows P31.34B recovery from terminated Meralco contracts
The Energy Regulatory Commission (ERC) approved the recovery of P31.34 billion by four power generation companies following the termination of five power supply agreements (PSAs) with Manila Electric Co. (Meralco) due to a change in circumstances.
