Corporate

Potato Corner, the kiosk-based food brand acquired by listed Shakey’s Pizza Asia Ventures Inc. in 2022, has expanded its store network to 2,000 outlets globally with the recent opening of a new outlet in SM Cebu. The store is operated by franchisee Por Fin Trading Corp.

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.

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 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.