Corporate
US Court approves USD3 million settlement of class suit vs PLDT on capex overrun
PLDT Inc., the Philippines’ largest integrated telecommunications company, disclosed Thursday that a court in the U.S. has approved the listed company’s proposed USD3 million settlement of a class suit due to overruns in capital expenditures between 2019 and 2022.
SEC revokes Boracay Capital corporate franchise
The Securities and Exchange Commission has ordered the revocation of the primary license or incorporation of Boracay Capital Holdings Inc. for selling investment contracts without benefit of registration.
MacroAsia unit building desalination facility to address water needs of Lapu-Lapu City
MacroAsia Corp., the listed aviation services unit of the Lucio Tan Group, said Wednesday its subsidiary Summa Water Resources Inc. broke ground on a desalination facility to be built in Olango Island to address the growing water needs of Lapu-Lapu City in Cebu.
Maynilad subsidiary completes P50M facility upgrade in Albay
Maynilad Water Services subsidiary Philippine Hydro Inc. (Phil Hydro) has completed the P50 million upgrade of its water treatment plant in Legazpi City.
PLDT board appoints former TV network head as SVP/COO
PLDT Inc. has appointed Menardo G. Jimenez, Jr. as executive vice president and chief operating officer effective September 17, 2024.
