Corporate

SM Investments Corp. is seen to benefit from a stronger second half, a traditionally better season for the retail business.

Manila Water Co. Inc., one of two water concessionaires in Metro Manila, said Monday it secured the approval of the Metropolitan Waterworks and Sewerage System for a foreign currency adjustment that will increase water tariff by 2 percent starting 1 October.As a result, Manila Water said, customers of the water concessionaire controlled by billionaire Enrique Razon Jr. will see an increase in their water bills due to a Foreign Currency Differential Adjustment.

Businessman Andrew Tan’s Alliance Global Group Inc. is spending USD300 million to put up an integrated resort and casino in Boracay island. 

TIME Magazine and Statista have recognized SM Investments Corporation, SM Prime Holdings, and China Banking Corporation as among the World’s Best Companies for 2024. This accolade underscores the group’s focus and exceptional performance in employee satisfaction, revenue growth, and sustainability.

Jollibee Foods Corp., a leading Asian food service conglomerate, said it will aggressively expand its Milksha® brand into the US market, with an offer to prospective investors to franchise the brand.