Corporate

San Miguel Corp. chairman and CEO Ramon S. Ang slammed the brakes on fast-spreading rumors that he is being eyed as a political “caretaker” amid intensifying national ructions, calling the chatter pure fiction.

Walmart Inc. shares jumped Thursday after the retail giant delivered a standout third quarter, fueled by double-digit global eCommerce growth and steady US demand.

Maynilad Water Services Inc., the country’s largest water concessionaire by customer base, has expanded its wastewater footprint in southern Metro Manila with the inauguration of the 20-million-liter-per-day (MLD) Tunasan Water Reclamation Facility (WRF) in Muntinlupa City, boosting efforts to protect Laguna de Bay and improve sewerage coverage in the West Zone.

The Securities and Exchange Commission (SEC) has released proposed changes to the rules governing real estate investment trusts (REITs), aiming to widen the types of real estate assets that can generate income for REIT portfolios and give companies more flexibility in how they operate.

The Iloilo City Government has teamed up with the Coca-Cola Foundation Philippines and Central Philippine University (CPU) to launch Project AGUBAY, a new digital system aimed at improving waste management across 180 barangays.