Corporate
Manila Water subsidiary terminates supply contract with Cebu water district
Manila Water Co. Inc. said on Monday that its subsidiary, Cebu Manila Water Development Inc. (CMWD), has terminated its bulk water supply contract with Metro Cebu Water District (MCWD) beginning 1 December this year.
Spotify to cut 1,500 employees in third layoff round this year
Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 percent of its headcount, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.
SEC warns against investing in Kito-Kiko Inc.
The Securities and Exchange Commission (SEC) on Monday made it known that online platform Kito-Kiko Variety Shop/Kito-Kiko Inc. runs an illegal investment-taking operation.
URC thrilled by how sugar miller SONEDCO is doing
Universal Robina Corp. (URC) is keen on pursuing investments helping raise the output and efficiency of its SONEDCO sugar mill in Kabankalan, Negros Occidental.
‘Extending Maynilad’s 25-year concession has more benefits than drawbacks’
Maynilad Water Services Inc. customers stand to generate substantial savings on their water bills should the Metropolitan Waterworks and Sewerage System (MWSS) extend its revised concession agreement (RCA) by another 25 years to 2047.
