Corporate

Taiwan has extended USD200,000 (about P12 million) in humanitarian assistance to support relief and recovery efforts for communities devastated by the magnitude 7.8 earthquake that struck Mindanao on June 8, reinforcing its long-standing partnership with the Philippines in disaster response.

Ayala Corp. has set aside P5 billion to buy additional shares in Ayala Land Inc. (ALI), signaling continued confidence in the property giant as the conglomerate expands its share buyback program amid subdued market valuations.

Megawide Construction Corp. has completed the sale of its remaining 9-percent stake in Citicore Renewable Energy Corp. (CREC), raising about P4.5 billion as the engineering and infrastructure firm accelerates debt reduction while funding its next phase of expansion.

Manila Water is assuring customers in its East Zone concession area of uninterrupted 24-hour water supply as El Niño conditions and reduced allocations from Angat Dam raise supply concerns, supported by key investments in alternative water sources including the now-operational East Bay Phase 1 Water Treatment Plant.

More than 3,500 households here are now experiencing better water service after the San Jose del Monte City’s new interim operator, Metro Pacific Bulacan Water (MPBW), stepped in to repair broken pipes and clear clogged water lines.