Corporate

Maynilad Water Services, Inc. ("Maynilad") on Monday filed with the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) its proposed initial public offering (IPO), marking a milestone in the company’s growth strategy.

Globe Telecom Inc. has announced plans to extend its network coverage to an additional 100 geographically isolated and disadvantaged areas (GIDAs) by 2025, marking a significant step in improving connectivity across underserved regions in the Philippines.

MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), has successfully concluded a deal with Actis Rubyred (Singapore) Pte. Ltd. for a 40 percent equity stake in Terra Solar Philippines, Inc. (MTerra Solar). 

Converge Information and Communications Technology Solutions Inc., the Philippines’ leading pure-play high-speed fixed broadband operator, saw net profit last year rise 19 percent to P10.8 billion, a net income margin of 26.6 percent. 

Ayala Corporation, one of the country's oldest and most respected conglomerates, has taken a significant step toward ensuring its continued growth and evolution by promoting four next-generation leaders, predominantly from the Zobel family.