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 Water Services subsidiary Philippine Hydro Inc. (Phil Hydro) has completed the P50 million upgrade of its water treatment plant in Legazpi City.
The Philippines has made significant progress in implementing beneficial ownership policies that prevent the misuse of corporate vehicles for illegal activities.
Phoenix Petroleum Philippines Inc. on Tuesday said its plan to sell non-performing and non-core assets is meant to streamline operations and not a prelude to a divestment by its major shareholder, Davao-based businessman Dennis Uy.