Corporate
Manila Water subsidiary acquires 70 percent stake in Laguna water service provider
Manila Water Co. Inc. subsidiary, Manila Water Philippine Ventures Inc. (MWPV) has acquired a 70 percent interest stake in Equipacific HoldCo Inc. (EHI) at the cost of P1.15 billion.
Business leaders forge major public-private investment ties with New Zealand
The Private Sector Advisory Council (PSAC), in collaboration with the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), has significantly bolstered public-private partnerships and investment opportunities in the Philippines.
PAL Holdings secures regulatory approval for capital hike to P30 billion
PAL Holdings Inc., the listed company that primarily holds the interests of the Lucio Tan Group in Philippine Airlines, said Friday it secured regulatory approved to the increase in its authorized capital stock to P30 billion from the current P13.5 billion.
Megaworld raises P500 million from sale of MREIT shares
MREIT Inc. said Friday its sponsor, Megaworld Corp., the property development venture of tycoon Andrew Tan, raised P500 million from the sale of shares equivalent to a 1.5 percent stake of the listed real estate investment trust.
Axelum renews multi-year coconut water supply deal with Vita Coco
Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of premium coconut products, said Thursday it signed a multi-year deal with The Vita Coco Company, Inc., one of the world’s largest coconut water brands.
