Corporate

Manila Water is expanding its footprint in Latin America with a deal to acquire a majority stake in Mexican water utility Agua de Puebla. The company’s international arm, Manila Water Asia Pacific, signed a binding term sheet to buy 74.85 percent of the firm from two shareholders, Creando Estructuras and Agua de México.

Alsons Consolidated Resources Inc. (ACR) reported an improvement in its bottom line for the first nine months of 2025, with net income attributable to the parent company rising to P695 million from P604 million last year. The increase was mainly due to the recognition of a development fee from its partner in Sarangani Energy Corporation.

ACEN Corp., the renewable energy unit of the Ayala Group, has once again cemented its standing as one of the Philippines’ top corporate governance champions, earning 4 Golden Arrows from the Institute of Corporate Directors at the 2025 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards held at Okada Manila.

Globe Telecom, Inc. has secured a JPY 20-billion term loan facility from Mizuho Bank Ltd., giving the telco fresh firepower to fund capital expenditures, refinance debt, and support general corporate needs as it sharpens its investment strategy for 2025.

The Razon Group announced major leadership changes across its water and power units following Prime Infrastructure’s ₱50-billion acquisition of natural gas assets from First Gen.