Corporate
MacroAsia unit inks P1.41B loan for Cebu desalination project
MacroAsia Corp., an investment holding company of the Lucio Tan Group, said Cebu Summa Water Lapu-Lapu Inc.—a wholly-owned unit of Summa Water Resources Inc.—has signed a P1.4-billion loan agreement with Security Bank Corp. to bankroll the water utilities’ seawater desalination project.
BOC, SBMA Sign MOA to Boost Subic Trade and Customs
The Bureau of Customs (BOC) and Subic Bay Metropolitan Authority (SBMA) signed a Memorandum of Agreement (MOA) on Thursday strengthening their partnership to streamline...
NOW to challenge NTC denial of provisional authority extension
NOW Corp. said Thursday it “vehemently disagrees” with the decision of the National Telecommunications Commission (NTC) to deny its application for an extension of its provisional authority to develop and operate a nationwide cellular mobile telephone system.
MCWD in 25-year desalination venture with Vivant
Vivant Corp. water unit Vivant Hydrocore Holdings Inc. (Vivant Water) has signed a 25-year joint venture with the Metropolitan Cebu Water District (MCWD) to supply Metro Cebu with clean, potable water through a large-scale desalination facility in Cordova, Cebu.
RFM Corp. reports double-digit profit growth
RFM Corp., the Concepcion family-led food and beverage conglomerate, reported a 12 percent rise in net income to P1.4 billion in 2024, up from P1.26 billion the previous year, on the back of steady revenue growth and strong performance in key product segments.
